M&A Deal Summary

Honeywell Acquires SAIA-Burgess Controls

On October 24, 2012, Honeywell acquired electrical equipment company SAIA-Burgess Controls from Johnson Electric Holdings for 130M USD

Acquisition Highlights
  • This is Honeywell’s 6th transaction in the Electrical Equipment sector.
  • This is Honeywell’s 28th largest (disclosed) transaction.
  • This is Honeywell’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2012-10-24
Target SAIA-Burgess Controls
Sector Electrical Equipment
Buyer(s) Honeywell
Sellers(s) Johnson Electric Holdings
Deal Type Divestiture
Deal Value 130M USD

Target

SAIA-Burgess Controls

Murten, Switzerland
website
SAIA-Burgess Electronics is a supplier of stepper motors, switches, actuators and electronic controllers. Saia-Burgess Controls has more than 300 employees and serves customers throughout Europe through a network of more than 500 system integrators.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States

website


Category Company
Founded 1885
Sector Diversified
Employees97,000
Revenue 35.5B USD (2022)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 55 of 81
Sector (Electrical Equipment) 6 of 6
Type (Divestiture) 5 of 10
Country (Switzerland) 1 of 2
Year (2012) 4 of 4
Size (of disclosed) 28 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 Thomas Russell

Tulsa, Oklahoma, United States

Thomas Russell Co. is a provider of technology and equipment for natural gas processing and treating.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-23 RAE Systems

San Jose, California, United States

RAE Systems, Inc. is a provider of rapidly deployable, connected and intelligent gas, volatile organic compounds (VOCs) and radiation-detection systems that enable real-time safety- and security-threat detection.

Buy $340M

Seller(S) 1

SELLER

Johnson Electric Holdings

Sha Tin, China

website


Category Company
Founded 1959
Sector Electrical Equipment
Employees35,000
Revenue 3.2B USD (2021)
DESCRIPTION
Johnson Electric office in Plymouth, Michigan.
Johnson Electric office in Plymouth, Michigan.

Johnson Electric is a provider of electric motors and motion subsystems. It serves a broad range of industries including automotive, building automation and security, business machines, security and aerospace, food and beverage equipment, home technologies, HVAC, industrial equipment, medical devices, personal care, power equipment and power tools. Johnson Electric was founded in 1959 and is based in Sha Tin, China.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-09 Parlex

Methuen, Massachusetts, United States

Parlex Corporation design and manufacture of flexible,interconnect products. Parlex produces custom flexible circuits and laminated cables utilizing proprietary processes and patented technologies, which are designed to satisfy the unique requirements of a wide range of customers.

Buy $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Stackpole International

Ancaster, Ontario, Canada

Stackpole International, Inc. is a manufacturer and sole source supplier of highly-engineered oil pumps and powdered metal components to automotive original equipment manufacturers.

Buy CA$867M