M&A Deal Summary

Honeywell Acquires Novar

On March 31, 2005, Honeywell acquired business services company Novar for 2.5B USD

Acquisition Highlights
  • This is Honeywell’s 1st transaction in the Business Services sector.
  • This is Honeywell’s 5th largest (disclosed) transaction.
  • This is Honeywell’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2005-03-31
Target Novar
Sector Business Services
Buyer(s) Honeywell
Deal Type Add-on Acquisition
Deal Value 2.5B USD

Target

Novar

Weybridge, United Kingdom
Novar plc operates in the intelligent building systems, Indalex aluminium, and security printing businesses.

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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 24 of 84
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 16 of 64
Country (United Kingdom) 2 of 5
Year (2005) 1 of 6
Size (of disclosed) 5 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-17 HomMed

Brookfield, Wisconsin, United States

HomMed LLC is a provider of digital health remote patient monitoring services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-18 Zellweger Analytics

Poole, United Kingdom

Zellweger Analytics Ltd. is a provider in hazardous gas detection technology. A manufacturer of toxic and flammable gas detection systems. Zellweger has nearly 40 years of experience in the design and manufacture of innovative gas detection products for use in semiconductor, industrial and oil and gas industries.

Buy -