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Honeywell to acquire Compressor Controls Corporation from INDICOR for $670M
Honeywell agreed to acquire Compressor Controls Corporation (CCC), a turbomachinery control provider, from INDICOR LLC for $670 million in an all-cash deal announced April 26, 2023. The deal is about 15x 2023E tax-adjusted EBITDA.
Productsturbomachinery control hardware and softwarecarbon capture control solutions
“The acquisition will be integrated into Honeywell's Process Solutions business and will strengthen Honeywell's leadership in industrial control, automation and process solutions.”honeywell.com
- 5 sources
- honeywell.comHoneywell To Acquire Compressor Controls Corporation Driving The Energy Transition Through Leading Automation And Controls PortfolioApr 25, 2023
- charlotteobserver.comCharlotte-based Honeywell to acquire Iowa company for $670M | Charlotte ObserverApr 26, 2023
- privateequityinternational.comHoneywell to acquire Compressor Controls Corporation for $670mApr 26, 2023
- prnasia.com霍尼韦尔宣布收购美国压缩机控制公司，以领先的自动化控制产品组合推动能源转型-美通社PR-NewswireMay 4, 2023
- control.comHoneywell To Push Energy Transition Via Acquisition of Compressor Controls Corporation - NewsMay 10, 2023
Summarized from public sources; check the original articles before acting on it.
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