Honeywell subsidiary acquires rest of Tata Honeywell joint venture

Pune, India—Honeywell International Inc. reports that its subsidiary, Honeywell Asia Pacific Inc., has acquired Tata Group’s 40.62% stake in their former joint venture, Tata Honeywell Ltd.



Pune, India— Honeywell International Inc. reports that its subsidiary, Honeywell Asia Pacific Inc., has acquired Tata Group’s 40.62% stake in their former joint venture, Tata Honeywell Ltd. The transaction, announced in July 2004, was completed after all necessary regulatory approvals were received. A new name for Tata Honeywell reportedly will be announced soon.


Tata Honeywell is one of India’s leading automation and control system providers. It has approximately 1,300 employees and had $70 million in revenues for the year that ended March 31, 2004. Tata Honeywell was originally a joint venture in which Honeywell and Tata Group each held 40.62% of the outstanding shares, with the remainder held publicly and traded on the Mumbai Stock Exchange (BSE). Following the acquisition, Honeywell now holds approximately 82% of the organization’s outstanding shares.


“This business will be an integral part of Honeywell, with a commitment to become an even more robust regional resource for process automation and control,” says John O’Higgins, president of Honeywell Automation and Control Solutions Asia Pacific, and the company’s new chairperson.


“We’ve had a long and successful partnership with Tata, and we look forward to building on that success to expand our capability to serve the region’s automation and control customers,” adds Vinayak Deshpande, who will continue serving as the firm’s managing director.


Tata Honeywell was established in 1988 to provide automation and control technology to the industrial and building sectors. It presently supplies industrial automation and control solutions to core industries, such as petrochemicals, refining, oil and gas, mining, metals and power. The company also offers building automation and security solutions.


Control Engineering Daily News Desk
Jim Montague, news editor


No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Controller programming; Safety networks; Enclosure design; Power quality; Safety integrity levels; Increasing process efficiency
Additive manufacturing benefits; HMI and sensor tips; System integrator advice; Innovations from the industry
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me