Tag: Honeywell
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,...
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...
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...
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 to sell industrial fire business to Sentinel Capital Partners for $1.425 billion
March 5, 2024SSN Staff
PALM BEACH GARDENS, Fla.—Carrier Global Corp. announced it has entered into a definitive agreement to sell its industrial fire business, which includes brands Det-Tronics, Marioff, Autronica and Fireye, to Sentinel Capital Partners for an enterprise value of $1.425 billion.
Today's announcement represents the latest step in Carrier's ongoing portfolio transformation following the recently announced agreements to sell Carrier's global access...
Honeywell acquires Carrier’s Global Access Solutions for $4.95 billion
December 8, 2023SSN Staff
CHARLOTTE, N.C.—Honeywell announced plans to enhance and strengthen its building automation capabilities with the acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion in an all-cash transaction.
The acquisition will add three respected brands to Honeywell’s portfolio with a focus on life safety and digital access solutions, including:
LenelS2, a business for over 25 years in commercial and enterprise access solutions, including...
Stainburn named president of Securitas Technology Europe
April 12, 2023SSN Staff
UNIONTOWN, Ohio – Securitas Technology strengthens its global position with the announcement of the appointment of Sabrina Drigout Stainburn as president of Securitas Technology Europe.
In her new position Stainburn will focus on the implementation of global technology strategy, building the company’s organization, and overseeing all of its European operations. “I am pleased to welcome Sabrina to Securitas as president of Securitas Technology Europe. Sabrina is a results-driven...
ADI announces recipients of 2022 Supplier Awards
January 23, 2023SSN Staff
MELVILLE, N.Y. – ADI Global Distribution, a wholesale distributor of security products, has announced the recipients of their ADI 2022 Supplier Awards.
HID Global was selected as the 2022 Supplier of the Year for North America. Other recognized categories included Marketing and Digital Marketing, Sales Support, Operations, New Product of the Year and Rookie of the Year. Every year the awards recognized what ADI sees as the key suppliers in North America for their “…contributions...
Connect ONE adds mass notification and critical lockdown features
November 14, 2022SSN Staff
MONUMENT, Colo. – IT services company Connected Technologies has announced expanded Emergency Mass Notification Systems features for its cloud-hosted management platform, Connect ONE.
The Connect One platform has introduced features that allow users to tailor lockdown and emergency mass notifications throughout a facility, at the same time providing occupants real time hazard alerts and evacuation steps. These features Connected Technologies said have been added as per the...
AMAG Technology names David Sullivan as new president
September 13, 2022SSN Staff
HAWTHORNE, CA – AMAG Technology a physical access control, identity management, and integrated security solutions company, has announced a new member for its leadership.
Industry veteran David Sullivan will be joining AMAG Technology as the company’s new president. Sullivan comes to AMAG from the ACRE Group, where he previously held the positions of President International and President Americas, from which he brings a wealth of industry experience in running a global security...