# Honeywell completes acquisition of Transnorm for €425M

Honeywell completed its acquisition of Transnorm, a warehouse automation solutions provider, from IK Investment Partners for approximately €425 million. Transnorm will become part of Honeywell Safety and Productivity Solutions.

- Type: Acquisition
- Announced: 2018-11-09
- Where: Fort Mill, S.C., United States
- Value: $492.8M (425.0M EUR)
- Status: completed
- Products: warehouse automation solutions, conveyor systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/honeywell-completes-acquisition-of-transnorm-300747152.html), 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."

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