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Resideo agrees to terminate indemnification agreement with Honeywell

July 31, 2025SSN Staff

SCOTTSDALE, Ariz.—Resideo Technologies announced that it has entered into a definitive agreement with Honeywell International to accelerate and eliminate all future monetary obligations under the indemnification and reimbursement agreement the companies entered into in 2018 in connection with Resideo's spin-off from Honeywell. Under the terms of the agreement, Resideo will accelerate all potential indemnification and reimbursement obligations and make a one-time cash payment of $1.59...

ADI Global Distribution, Honeywell International, indemnification and reimbursement agreement, Jay Geldmacher, Resideo Technologies