Honeywell to Buy Pump Maker Sundyne for $2.16 Billion
Honeywell International is set to expand its energy business with the acquisition of Sundyne, a leading manufacturer of engineered pumps and gas compressors, as part of its efforts to strengthen its presence in the aviation, automation, and energy sectors. The deal will add to Honeywell's unit catering to the energy and petrochemical industries, while enhancing its aftermarket services business. By acquiring Sundyne, Honeywell aims to capitalize on the growing demand for industrial equipment and services.
- This acquisition highlights Honeywell's strategic focus on expanding its energy-related businesses, which may signal a shift in the conglomerate's investment priorities.
- Will Sundyne's operations and expertise be sufficient to withstand potential disruptions in the global energy landscape, including the ongoing COVID-19 pandemic?