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Deal closed Dec 2015 Verified

Honeywell Closes Acquisition of Elster Division

Honeywell completed its acquisition of the Elster Division from Melrose Industries plc on December 29, 2015, after receiving all necessary regulatory approvals. Elster provides thermal gas solutions for heating systems and metering products, and will be integrated into Honeywell's Environmental & Energy Solutions and Process Solutions businesses.

“Honeywell has announced that all necessary regulatory approvals have been received for its acquisition of the Elster Division of Melrose Industries plc and it now anticipates to close the transaction on December 29, 2015.”

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HVAC Sentiment: Positive
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.