Transnorm

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.

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.

IK Investment Partners agreed to sell Transnorm Group, a provider of conveyor automation for warehouses, to Honeywell International for approximately €425 million. Transnorm is headquartered in Harsum, Germany, with production sites in the US and Thailand.

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.