Honeywell acquires Transnorm for €425 million
Honeywell signed an agreement to acquire Transnorm, a warehouse automation business, for approximately €425 million from IK Investment Partners. The transaction is expected to close in November 2018.
Value
$490.0M (425.0M EUR)
Productsengineered conveyor solutions for warehouse automation
“The acquisition of Transnorm will build upon the tremendous success of the Intelligrated acquisition and allow our warehouse automation business to take part in very strong European growth driven by e-commerce.”honeywell.com
- 8 sources
- honeywell.comHoneywell Completes Spin-Off Of Garrett Motion Inc.; Announces Acquisition Of Transnorm, Leading Provider Of Warehouse Automation SolutionsOct 1, 2018
- prnewswire.comHoneywell Completes Spin-Off Of Garrett Motion Inc.; Announces Acquisition Of Transnorm, Leading Provider Of Warehouse Automation SolutionsHoneywellOct 1, 2018
- news.cision.comIK Investment Partners to sell Transnorm to Honeywell - IK Investment PartnersOct 1, 2018
- reuters.comHoneywell to buy German warehouse automation firm Transnorm for $493 mlnOct 1, 2018
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