Platform formation Jul 2015
Honeywell positions Elster as a new platform for further acquisitions
Honeywell stated the Elster acquisition creates a new platform for additional acquisition targets, framing the deal as part of a disciplined, serial M&A strategy (80+ acquisitions adding ~$12B revenue over the prior decade).
“Elster also creates a new platform for acquisition targets for Honeywell that will be additive to the business’ growth and global presence.”
Entities
Elster · Platform Honeywell · Acquirer
HVACOther Sentiment: Positive
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