Honeywell (HON) Announces Completion of $480M Xtralis Acquisition
- Meta Platforms, banks pull Wall Street lower
- BofA says S&P 500 could drop to 3000 in H123
- Apple (AAPL) improving wait times suggest supply chain headwinds easing - UBS
- Deutsche Bank goes against consensus, sees S&P 500 rallying to 4500
- Textron (TXT) jumps on FLRAA contract award - deal will 'drive meaningful contributions'
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alight Solutions (ALIT) Acquires Leading Absence Management Provider ReedGroup
- Electric Era partners with SK Signet to solve demand charges and uptime issues
- DigitalBridge Group (DBRG) and IFM Investors Complete $11 Billion Take-Private of Switch
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Mergers and Acquisitions
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!