Honeywell Completes Acquisition of Sundyne for $2.16 Billion

Honeywell International Inc., based in the United States, has successfully concluded its $2.16 billion acquisition of Sundyne, a manufacturer of pumps and compressor equipment, from Warburg Pincus LLC. This strategic acquisition is set to enhance Honeywell's sales and profitability by integrating Sundyne's advanced technologies in high-tech pumps and compressors, particularly within the refining industry. Additionally, it will allow Honeywell to unlock further strategic potential within its UOP value chains, spanning refining, petrochemicals, LNG production, and renewable fuels. Post-acquisition, Sundyne will integrate into the Honeywell Forge platform, aligning with Honeywell's clean energy transition efforts through critical equipment use. Furthermore, in December 2023, Honeywell revealed plans to spin off key aerospace and materials divisions to establish three distinct companies aimed at portfolio optimization and growth through asset acquisitions totaling $13.5 billion. Along with Sundyne, Honeywell recently expanded its portfolio via the acquisition of Access Solutions, Civitanavi Systems, and the LNG division from Air Products, among others. This diversification also saw the divestment of Honeywell's Personal Protective Equipment division.