Honeywell is buying Invensys Sensor Systems for $415 million

Honeywell and Invensys plc announced Aug. 19 that Honeywell Automation and Control Solutions (ACS) has agreed to acquire Invensys Sensor Systems (Shelby, NC) for $415 million in cash, pending regulatory approval and other conditions. Honeywell says the move will strengthen its offerings in high-growth segments.

09/01/2002


Honeywell and Invensys plc announced Aug. 19 that Honeywell Automation and Control Solutions (ACS) has agreed to acquire Invensys Sensor Systems (Shelby, NC) for $415 million in cash, pending regulatory approval and other conditions. Honeywell says the move will strengthen its offerings in high-growth segments.

Invensys Sensor Systems is a global supplier of sensors and controls used in the medical, office automation, aerospace, HVAC, automotive, off-road vehicle and consumer appliance industries. Invensys Sensor Systems has 2,700 employees and operates 13 manufacturing facilities in six countries, including the U.S., U.K., China, Mexico and the Czech Republic.

Invensys Sensor Systems will become part of the Automation and Control Products unit of Honeywell ACS.

'The acquisition of Invensys Sensor Systems strengthens Honeywell's product offerings in the high-growth medical and automotive on-board segments," says David Cote, Honeywell's chairman and ceo. "Customers worldwide will benefit from our improved ability to deliver advanced technologies and solutions to meet their needs. Invensys Sensor Systems has a strong technology and quality driven culture and a talented workforce, and we are excited about bringing these employees into Honeywell."





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