Honeywell (HON) Announces Completion of $480M Xtralis Acquisition
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Honeywell (NYSE: HON) announced that it has completed its acquisition of Xtralis, a leading global provider of aspirating smoke detection, advanced perimeter security technologies, and video analytics software for $480 million.
"The acquisition of Xtralis is a good strategic fit to our current fire detection portfolio and will bring unique capabilities and customer solutions in remote visual verification of fire and intrusion risks, advanced perimeter security technologies, and video analytics software," said David Paja, president, Honeywell Security and Fire. "This acquisition helps us expand our Critical Infrastructure Protection (CIP) business and will help enable strong growth in the coming years."
Xtralis aspirating smoke detection solutions protect many Fortune 500 companies, iconic sites, and critical infrastructures worldwide to provide very early warning and verification of threats to speed response time and minimize facility damages and potential injuries.
The company will be integrated into Honeywell's Automation and Control Solution strategic business group.
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