# Honeywell to acquire Transnorm for €425M

Honeywell has 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 2019.

- Type: Acquisition
- Announced: 2019-10-18
- Where: Harsum, Germany, Germany
- Value: $470.0M (425.0M EUR)
- Status: announced
- Products: conveyor systems, warehouse automation solutions
- 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

- [factoryandhandlingsolutions.co.uk](https://factoryandhandlingsolutions.co.uk/honeywell-announces-acquisition-of-transnorm/), 2019-10-18: "Faced with rising e-commerce demands, distribution centres and parcel delivery providers are looking to automation solutions to improve productivity, speed and accuracy."

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