Reported about 10 hours ago
Honeywell International announced its plans to purchase pump-maker Sundyne from Warburg Pincus for $2.16 billion in cash. This acquisition is part of Honeywell's strategy to strengthen its energy business ahead of a significant corporate restructuring. By acquiring Sundyne, Honeywell aims to enhance its offerings in the energy and petrochemical sectors and expand its aftermarket services, with benefits expected to be realized in the first year of ownership.
Source: YAHOO