Skip to Content

Tag: Honeywell


Also Noted

Per Mar receives 2024 Premier Security Dealer of the Year Award from Resideo

November 25, 2024SSN Staff

DAVENPORT, Iowa – Per Mar Security Services, a provider of comprehensive security solutions for residential and commercial customers, has been honored with the 2024 Premier Security Dealer of the Year award by Resideo at its 35th Annual CONNECT customer event. The award honors the company's dedication to growth, demonstrates true team performance, and delivers exceptional security solutions. Brian Duffy, CEO of Per Mar, expressed his gratitude for the recognition: “It is an...

Award, Brian Duffy, commercial, Honeywell, Per Mar Security Services, Residential, Resideo


Read Full Articlered right arrow icon

Elliott Investment Management calls for break-up at Honeywell

Suppliers

Elliott Investment Management calls for breakup at Honeywell

November 12, 2024SSN Staff

WEST PALM BEACH, Fla. — Activist investor group Elliott Investment Management has built a $5 billion dollar investment in Honeywell International inc. and is calling for the company to simplify its conglomerate structure. In a letter addressed to the Honeywell board of directors, Elliott outlined that while the company has been an “…iconic pillar of the American industrial complex,” it has recently shown signs of inconsistent financial performance and uneven...

Elliott Management, Global Access Solutions, Honeywell, Honeywell Aerospace Technologies, Honeywell Automation


Read Full Articlered right arrow icon

Honeywell to spin off advanced materials business

Commercial

Honeywell to spin off advanced materials business

October 8, 2024Ken Showers, Managing Editor

CHARLOTTE, N.C. — Honeywell has announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, targeted to be completed by the end of 2025 or early 2026.   Vimal Kapur, chairman and CEO of Honeywell, said during a recent webcast with investors that it has been nearly a year since the company announced a reorganization to focus on the three megatrends of automation, aviation and energy transition.  “As we continue to...

automation, aviation, CAES Systems, Carrier Global Corporation, energy transition, Honeywell, spin off, Vimal Kapur


Read Full Articlered right arrow icon

Also Noted

Iris ID names Ricky Garcia as business development director, Latin America

October 1, 2024SSN Staff

CRANBURY, N.J.—Iris ID, a global provider of iris recognition technology, has announced the appointment of Jose R. (Ricky) Garcia as business development director, Latin America (LATAM).  Garcia has more than 20 years of experience driving increased revenue and cost efficiencies for global high-end technology companies in LATAM. His diversified sales experience including with startups will propel Iris ID multimodal biometric technology as a solution for national ID projects, access...

Honeywell, Iris ID, Kyocera Document Solutions, Latin America (LATAM), Louisiana State University, Mohammed Murad, Ricky Garcia, Sacred Heart University, Sharp Electronics


Read Full Articlered right arrow icon

Also Noted

DMP adds new pair of regional sales managers

September 30, 2024SSN Staff

SPRINGFIELD, Mo. — Digital Monitoring Products (DMP) grows its ranks with the addition of two new regional sales managers who will represent the Northwest and Ozark territories. Chris Kelley has joined DMP as the regional sales manager for the Northwest territory. He will provide ongoing service and support to DMP dealers across Washington, Oregon, Idaho, Montana, Wyoming and Alaska. Kelley joined DMP because of the culture and dedication to its employees and customers. With over 20 years...

Chris Kelley, Digital Monitoring Products (DMP), Doug Doster, Honeywell, Simplex


Read Full Articlered right arrow icon

Mike Stepniak

Suppliers

Honeywell names Mike Stepniak as incoming CFO

September 5, 2024SSN Staff

CHARLOTTE, N.C.—Honeywell International Inc. has announced that Mike Stepniak, who currently serves as vice president and chief financial officer for Honeywell Aerospace Technologies, will succeed Greg Lewis as senior vice president and chief financial officer following the company's announcement of its fourth quarter and full-year financial results for fiscal year 2024. Until the transition is complete, Stepniak will serve as vice president, corporate finance. Upon...

Baker Hughes, Edinboro University, General Electric, Greg Lewis, Honeywell, Honeywell Aerospace Technologies, Honeywell Building Technologies, Mike Stepniak, The University of Memphis, Vimal Kapur


Read Full Articlered right arrow icon

Honeywell CEO: ‘We are creating a flywheel of themes’

Suppliers

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,...

Access Control, building automation, CAES Systems, Carrier Global Corp., Honeywell, Mergers & Acquisitions, Vimal Kapur


Read Full Articlered right arrow icon

Also Noted

LenelS2 launches OnGuard Cloud

July 10, 2024SSN Staff

PITTSFORD, N.Y. — LenelS2 has announced the launch of OnGuard Cloud, a managed service leveraging Amazon Web Services (AWS) to deliver the OnGuard access control system in the cloud. LenelS2 revealed that OnGuard Cloud allows organizations to focus on their security operations by eliminating the IT burden of managing and maintaining their OnGuard software and servers, all while maintaining control over their unique environment configurations. LenelS2 is part of Honeywell, a provider of building...

Access Control, Amazon Web Services (AWS), Honeywell, Jeff Stanek, LenelS2, OnGuard, OnGuard Cloud


Read Full Articlered right arrow icon

Honeywell to acquire CAES

Commercial

Honeywell to acquire CAES

June 20, 2024SSN Staff

CHARLOTTE, N.C. — Honeywell has announced that it’s agreed to acquire CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately $1.9 billion in an all-cash transaction. Honeywell said that this acquisition will enhance its defense technology solutions across land, sea, air and space, including new electromagnetic defense solutions for end-to-end radio frequency (RF) signal management. Combined, CAES' scalable offerings and Honeywell's...

Advent International, CAES Systems, Honeywell, Jim Currier, Mergers & Acquisitions, Mike Kahn, private equity, radio frequency (RF)


Read Full Articlered right arrow icon

Vimal Kapur

Suppliers

Honeywell completes acquisition of Carrier's Global Access Solutions business

June 3, 2024SSN Staff

CHARLOTTE, N.C.—Honeywell has announced the completion of its acquisition of Carrier Global Corporation's Global Access Solutions business for $4.95 billion. According to Honeywell, the deal positions the company as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and solutions space. This transaction also strengthens Honeywell's alignment of its portfolio around three...

Carrier Global Corporation, Global Access Solutions, Honeywell, LenelS2, Onity, Supra, Vimal Kapur


Read Full Articlered right arrow icon