# 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.

- Type: Acquisition
- Announced: 2018-10-01
- Where: Harsum, Germany, Germany
- Value: $490.0M (425.0M EUR)
- Status: announced
- Products: engineered conveyor solutions for warehouse automation
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Honeywell](https://endata.com/companies/621.md)
- [Honeywell](https://endata.com/companies/621.md) (acquirer)
- [IK Investment Partners](https://endata.com/companies/6575.md) (investor)
- [IK Investment Partners](https://endata.com/companies/6575.md) (partner)
- [Garrett Motion](https://endata.com/companies/8055.md) (target)
- [Transnorm](https://endata.com/companies/19099.md) (target)

## Sources

- [honeywell.com](https://www.honeywell.com/us/en/news/press-releases/2018/10/honeywell-completes-spin-off-of-garrett-motion-incpt-announces-acquisition-of-transnorm-leading-provider-of-warehouse-automation-solutions), 2018-10-01: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/honeywell-completes-spin-off-of-garrett-motion-inc--announces-acquisition-of-transnorm-leading-provider-of-warehouse-automation-solutions-300721642.html), 2018-10-01: "Honeywell announced today that it has signed an agreement to acquire privately held, warehouse automation business Transnorm for approximately €425 million from IK Investment Partners."
- [news.cision.com](https://news.cision.com/ik-investment-partners/r/ik-investment-partners-to-sell-transnorm-to-honeywell,c2632253), 2018-10-01: "IK Investment Partners is pleased to announce that the IK VII Fund has reached an agreement to sell Transnorm Group to Honeywell International for approx. MEUR 425."
- [reuters.com](https://www.reuters.com/article/business/autos-transportation/honeywell-to-buy-german-warehouse-automation-firm-transnorm-for-493-mln-idUSL4N1WH2OG/), 2018-10-01: "Honeywell International Inc, which makes everything from jet engines to thermostats, said on Monday it will acquire Germany-based warehouse automation business Transnorm for about 425 million euros ($492.8 million) from IK Investment Partners."
- [mmh.com](https://www.mmh.com/article/honeywell_announces_acquistion_of_transnorm_for_492.8_million), 2018-10-01: "Transnorm complements our portfolio of automated material handling equipment and supply chain software to enable us to deliver our vision of the connected distribution center to our customers."
- [honeywell.com](https://www.honeywell.com/us/en/press/2018/11/honeywell-completes-acquisition-of-transnorm), 2018-11-01: "Transnorm is a global leader in high-performance conveyor solutions that are used in diverse end markets such as the parcel delivery, e-commerce fulfillment and airport industries."
- [investor.honeywell.com](https://investor.honeywell.com/news-releases/news-release-details/honeywell-completes-acquisition-transnorm), 2018-11-09: "Transnorm is an excellent addition to our portfolio of warehouse automation solutions, and will help us better support European distribution centers and parcel delivery providers that are responding to significant e-commerce growth."
- [mmh.com](https://www.mmh.com/article/honeywell_completes_acquisition_of_transnorm), 2018-11-09: "Honeywell today announced that it has completed its acquisition of warehouse automation solutions provider Transnorm."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.