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M&A Deal Summary

Honeywell Acquires SparkMeter s Data Platform and Software Technologies

On August 20, 2025, Honeywell acquired information technology company SparkMeter s Data Platform and Software Technologies from SparkMeter

Acquisition Highlights
  • This is Honeywell’s 5th transaction in the Information Technology sector.
  • This is Honeywell’s 59th transaction in the United States.
  • This is Honeywell’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2025-08-20
Target SparkMeter s Data Platform and Software Technologies
Sector Information Technology
Buyer(s) Honeywell
Sellers(s) SparkMeter
Deal Type Divestiture

Target

SparkMeter s Data Platform and Software Technologies

Washington, District of Columbia, United States
SparkMeter's Data Platform and Software Technologies comprises three utility platforms Praxis, GridScan, and GridFin. Praxis is a data platform designed to deliver insights and analytics that help utilities modernize, maximize, and monetize their assets. GridScan is a software application that provides simple and immediate visibility into the operational performance and health of distribution grids. GridFin is a financial management application that analyzes and manages energy supply costs, optimizes customer rates, and improves overall financial performance.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States
Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 38.5B USD (2024)
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 88 of 88
Sector: Information Technology M&A 5 of 5
Type: Divestiture M&A Deals 15 of 15
State: District of Columbia M&A 1 of 1
Country: United States M&A 59 of 59
Year: 2025 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-01 Nexceris - Li-ion Tamer Business

Lewis Center, Ohio, United States

Nexceris' Li-ion Tamer Business provides an off-gas detection solution for lithium-ion (li-ion) batteries that detects thermal runaway events.

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Seller(S) 1

SELLER

SparkMeter

Washington, District of Columbia, United States
Category Company
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: District of Columbia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
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