Honeywell to Acquire Saia Burgess Controls for $130M

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.

“Honeywell has announced an agreement to acquire Saia Burgess Controls, a leading provider of intelligent building controls, from Hong Kong-based Johnson Electric for $130 million.”

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