M&A Deal Summary

KBR Acquires Honeywell Technology Solutions

On August 12, 2016, KBR acquired information technology company Honeywell Technology Solutions from Honeywell for 300M USD

Acquisition Highlights
  • This is KBR’s 2nd transaction in the Information Technology sector.
  • This is KBR’s 5th largest (disclosed) transaction.
  • This is KBR’s 6th transaction in the United States.
  • This is KBR’s 1st transaction in Maryland.

M&A Deal Summary

Date 2016-08-12
Target Honeywell Technology Solutions
Sector Information Technology
Buyer(s) KBR
Sellers(s) Honeywell
Deal Type Divestiture
Deal Value 300M USD

Target

Honeywell Technology Solutions

Columbia, Maryland, United States
Honeywell Technology Solutions, Inc. is a provider of professional space, security, logistics and manpower services in the Government Services market.

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Buyer(S) 1

Buyer

KBR

Houston, Texas, United States

website


Category Company
Founded 1901
Sector Engineering
Employees30,000
Revenue 6.6B USD (2022)
DESCRIPTION
Jefferson Towers, home of KBR's corporate headquarters in downtown Houston, Texas.
Jefferson Towers, home of KBR's corporate headquarters in downtown Houston, Texas.

KBR, Inc. is an engineering, construction and services company supporting the global hydrocarbons and international government services market segments. KBR offers a portfolio of proprietary technology and consulting services; engineering, construction, procurement and asset maintenance services; and base operational, logistics, life support and asset management services, through its Technology & Consulting, Engineering & Construction and Government Services business segments. KBR was founded in 1901 and is based in Houston, Texas.


DEAL STATS #
Overall 12 of 19
Sector (Information Technology) 2 of 4
Type (Divestiture) 4 of 6
State (Maryland) 1 of 2
Country (United States) 6 of 9
Year (2016) 5 of 5
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Wyle

El Segundo, California, United States

Wyle, Inc. is a government services contractor focusing primarily on Defense and Federal IT services. The Company services include system engineering, acquisition support, information technology & cyber security, scientific services and test and evaluation services.

Buy $570M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Sigma Bravo Pty

Phillip, Australia

Sigma Bravo Pty Ltd. is a provider of high end Information and Communication Technology (ICT) services specializing in mission planning systems and solutions to the Australian Defence Force (ADF). Sigma Bravo Pty Ltd. was established in 1999 and is based in Phillip, Australia.

Buy -

Seller(S) 1

SELLER

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 6 of 9
Sector (Information Technology) 1 of 1
Type (Divestiture) 5 of 7
State (Maryland) 1 of 1
Country (United States) 3 of 6
Year (2016) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Intelligrated

Mason, Ohio, United States

Intelligrated, Inc. is a provider of automated material handling solutions, services and products. Intelligrated designs, manufactures and installs complete material handling automation solutions for the warehousing, distribution, consumer product manufacturing, postal and parcel markets.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 AdvanSix

Parsippany, New Jersey, United States

AdvanSix is a manufacturer of Nylon 6, a polymer resin which is a synthetic material used by customers to produce engineered plastics, fibers, filaments and films that, in turn, are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. As a result of its backward integration and the configuration of AdvanSix manufacturing facilities, the Company also sells other products, such as caprolactam, ammonium sulfate, phenol and acetone, all of which are produced as part of its Nylon 6 resin manufacturing process. AdvanSix Inc. was founded in 2016 and is based in Parsippany, New Jersey.

Sell -