M&A Deal Summary

Honeywell Acquires FutureSmart Systems

On October 23, 2003, Honeywell acquired communications company FutureSmart Systems

Acquisition Highlights
  • This is Honeywell’s 1st transaction in the Communications sector.
  • This is Honeywell’s 14th transaction in the United States.
  • This is Honeywell’s 1st transaction in Utah.

M&A Deal Summary
Date 2003-10-23
Target FutureSmart Systems
Sector Communications
Buyer(s) Honeywell
Deal Type Add-on Acquisition

Target

FutureSmart Systems

Draper, Utah, United States
FutureSmart Systems, Inc. provides digital communications equipment for homes.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States
Category Company
Founded 1885
Sector Diversified
Employees95,000
Revenue 36.7B USD (2023)
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 16 of 84
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 9 of 64
State (Utah) 1 of 1
Country (United States) 14 of 56
Year (2003) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-04 Kolon - Biaxally Oriented Nylon Films Business

Dangjin, South Korea

Kolon's Biaxally Oriented Nylon Films is a biaxally oriented nylon film production.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Vindicator Technologies

Austin, Texas, United States

Buy -
Mergr

Product

Company

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