Honeywell to Acquire Pump Manufacturer Sundyne for $2.16 Billion

Honeywell (HON.US) announced on Tuesday its $2.16 billion all-cash acquisition of pump manufacturer Sundyne from private equity firm Warburg Pincus. This strategic move aims to strengthen Honeywell’s energy business ahead of its planned corporate restructuring.

Honeywell to Acquire Pump Manufacturer Sundyne for $2.16 Billion

Enhancing Energy and Petrochemical Capabilities

The acquisition will bolster Honeywell’s industrial equipment portfolio, particularly in the energy and petrochemical sectors. Sundyne’s advanced pump and compressor technologies will expand Honeywell’s reach in these industries. Additionally, the deal is expected to drive growth in aftermarket services, reinforcing Honeywell’s long-term service business.

This acquisition aligns with Honeywell’s strategy to enhance its industrial solutions while preparing for the planned spin-off of certain business segments.