Tag: building automation
Honeywell CEO: ‘We are creating a flywheel of themes’
July 26, 2024Ken Showers, Managing Editor
CHARLOTTE, N.C. — Honeywell’s Aerospace segment saw the largest growth in the second quarter and the company’s recent acquisition of CAES Systems will only accelerate that.
Honeywell acquired the company in June for $1.9 billion in cash, adding 2,200 employees to its workforce.
“We are excited that this is the second aerospace-focused transaction we have announced this year, underscoring our alignment to the future of aviation,” said Vimal Kapur,...
Bosch begins acquisition of Paladin Technologies
July 6, 2023SSN Staff
STUTTGART, Germany – Multinational engineering and technology company Bosch has announced plans to acquire Paladin Technologies, Inc., a Canadian-based provider of security, life safety solutions, and system integration services.
In a release issued by the company, Bosch said this most recent addition will complement its 2015 acquisition of Climatec, LLC, which provided the company with a variety of energy efficiency, security, building automation, and life safety solutions in...