Honeywell completes acquisition of Sundyne

Honeywell (HON) announced the completion of its acquisition of Sundyne from private equity firm Warburg Pincus for $2.16B in an all-cash transaction. The acquisition of Sundyne-a leader in the design, manufacturing, and aftermarket support of highly-engineered pumps and gas compressors for process industries-is expected to be immediately accretive to Honeywell’s sales growth and segment margins as well as to adjusted EPS in the first full year of ownership. “Merging Sundyne’s differentiated products with Honeywell’s leading technology and R&D capabilities positions our business for significant growth,” said Ken West, President and CEO of Honeywell’s Energy and Sustainability Solutions segment. “By enhancing our end-to-end process technology and critical equipment offerings, this acquisition allows us to provide improved solutions for our customers.”