Honeywell to Acquire Novar plc

Honeywell announced an agreement to acquire British company Novar plc for 1.2 billion pounds (US $2.4 billion). The acquisition is expected to enhance Honeywell's building controls and security offerings, particularly in the UK and Germany, and will be integrated into its Automation and Control Solutions division. Honeywell plans to divest Novar's non-core aluminum and security printing units.

“Honeywell announced that it has reached an agreement to acquire British company Novar plc for 1.2 billion pounds (US $2.4 billion).”

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