Majority stake Announced Nov 2012
Honeywell to Acquire Saia Burgess Controls for $130M
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Honeywell announced an agreement to acquire Saia Burgess Controls, a provider of intelligent building controls, from Johnson Electric for $130 million. The acquisition enhances Honeywell's commercial controls portfolio and expands its energy controls presence in Europe. The deal is expected to close by the end of January 2013.