Honeywell to acquire sensor systems business from Invensys
February 2003
News
Honeywell and Invensys recently announced that Honeywell Automation and Control Solutions (ACS) has signed an agreement to acquire Invensys Sensor Systems for $415 million in cash.
Invensys Sensor Systems is a leading global supplier of sensors and controls used in the medical, office automation, aerospace, HVAC, automotive, off-road vehicle and consumer appliance industries. The transaction is subject to government approvals and other customary conditions. Invensys Sensor Systems will become part of the automation and control products unit of ACS.
"The acquisition of Invensys Sensor Systems strengthens Honeywell's product offerings in the high growth medical and automotive on-board segments," said David Cote, chairman and CEO of Honeywell. "Customers worldwide will benefit by our improved ability going forward to deliver advanced technologies and solutions to meet their needs. Invensys Sensor Systems has a strong technology and quality driven culture and a talented workforce, and we are excited about bringing these employees into Honeywell."
Sensors detect changes in temperature, pressure, speed, or position and are used in hundreds of products that range from ATMs to ABS systems on automobiles. Honeywell's involvement in sensing can be traced back over 60 years and today the company serves customers worldwide in the aviation, information technology, industrial, automotive on-board and consumer appliance industries.
Invensys Sensor Systems is headquartered in Shelby, NC and operates 13 manufacturing facilities in six countries, including the US, UK, China, Mexico and the Czech Republic. The company has 2700 employees. "We identified Sensor Systems as a non-core business during the Invensys strategy review and are pleased with the speed at which we have been able to reach agreement with Honeywell," said Rick Haythornthwaite, CEO of Invensys. "Sensor Systems and Honeywell make a good strategic fit and I am confident that the Sensor Systems business will continue to prosper under its new ownership."
For more information contact Steve Shannon, Honeywell Southern Africa, 011 695 8000, [email protected]
Further reading:
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...
Justice Malala to talk at exclusive breakfast
News
South Africa’s economic recovery and industrial growth depend on policy reform and business innovation. Few commentators are better placed to explore these challenges than Justice Malala.
Read more...
Beyond the exhibition: AATF 2025 Conference lineup brings exclusive
News
While the Africa Automation Technology Fair (AATF) 2025 exhibition floor will showcase cutting-edge automation solutions, the real game-changing insights will be found within the conference halls.
Read more...
How to claim CPD points
SAIMC Supplier Advisory Council
News
SAIMC makes it possible for you to claim CPD points for attending courses and technical meetings, or completing an online quiz on a
SA Instrumentation & Control magazine.
Read more...
Festo celebrates its centenary
Festo South Africa
News
Creating added customer value through innovation has been the driving force behind the family-owned company from the beginning and remains the key to Festo’s success today. The company’s anniversary is being celebrated with employees, customers and partners worldwide throughout the year.
Read more...
RS Group cements its position as an ESG leader
News
RS Group has announced its inclusion in the prestigious CDP A-list, having improved its CDP rating this year from A- to A for its commitment to climate action, environmental transparency and disclosure
Read more...
ECSA awards full accreditation to IIE degrees
News
The Independent Institute of Education has received full accreditation from ECSA. This is the first private higher education provider in the country to be recognised in this manner by the industry authority.
Read more...
Growing demand for staple foods in Africa drives Bühler’s growth
News
Opportunities in strengthening local supply chains, especially within food processing and agribusiness, will be the main focus for Bühler Southern Africa in 2025.
Read more...
South African students advance to international round of Young Researchers awards
News
Two Masters in Engineering students from Stellenbosch University have advanced to the international round of the 2025 Blue Sky Young Researchers and Innovation competition. Their projects impressed the Paper Manufacturers Association of South Africa for their originality and relevance to the forestry sector, which plays a key role in producing wood and paper.
Read more...
The ultimate range for design and repair
RS South Africa
News
Design and repair are fundamental aspects of any industry. The launch of the new RS PRO Design & Repair range caters to a wide array of industries, including discrete and process manufacturing, energy and utilities, facilities management and intralogistics.
Read more...
printer friendly version