Honeywell to acquire Sundyne

Sundyne's deep customer relationships, best-in-class products and technology will unlock strategic growth potential for Honeywell UOP's value chains in refining and petrochemicals, LNG, and clean and renewable fuels. The combination will result in an improved product offering for customers as Honeywell Forge, a leading IoT platform, will enable the digitalisation of Sundyne's equipment to enhance reliability and predictive maintenance. Utilising Honeywell's advanced R&D capabilities, the combined company will also be able to further accelerate new product development in the pumps and compressors space.

“By combining Honeywell's top-tier technology with Sundyne's leading process industry solutions, this acquisition will further enhance our dynamic Honeywell UOP business and create strategic growth opportunities in attractive verticals,” said Vimal Kapur, Chairman and CEO of Honeywell. “Sundyne's vast installed base of top-of-the-line pumps and compressors will further strengthen Honeywell's brand in the process industry and create significant opportunities for us to continue expanding our aftermarket services business.”

Headquartered in Arvada, Colorado, with additional locations around the globe, Sundyne brings approximately 1000 skilled employees and a significant recurring aftermarket revenue generated from an extensive installed base. The integration is expected to generate material run-rate revenue synergies with Honeywell UOP process licensing and modular capabilities, as well as a global sales reach.

“Through the integration of Sundyne's differentiated suite of products and equipment, combined with the process automation capabilities of our Honeywell Forge technology, we will be able to offer our customers a more comprehensive portfolio of solutions to meet their evolving needs,” added Ken West, President and CEO of Honeywell's ESS segment.

“We are incredibly proud to have partnered with the talented leadership team at Sundyne over the past five years. Sundyne's focus on diversifying its end markets, investing in innovative products, and optimising its operations has set a solid foundation for sustained, above-market growth,” comented Dan Zamlong, Managing Director, Warburg Pincus.

‘The combination of Sundyne and Honeywell will add significant value for our customers, channel partners and employees – and we're honoured to join the Honeywell family,” concluded Sundyne's CEO, Mary Zappone. “There are numerous benefits that we can achieve together with Honeywell that will accelerate growth and improve efficiency for customers.”

The acquisition is expected to be immediately accretive to Honeywell's sales growth and segment margin, as well as to adjusted EPS in the first full year of ownership.

The acquisition follows Honeywell's recent announcement of the planned separation of its Aerospace Technologies business along with the previously announced spin of Advanced Materials, which will result in three publicly listed industry leaders with distinct strategies and growth drivers. Throughout the separation execution process, Honeywell intends to continue its portfolio transformation efforts to enhance the value proposition of its businesses.

Honeywell's acquisition of Sundyne is expected to close in 2Q25, subject to customary closing conditions, including receipt of certain regulatory approvals.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05032025/honeywell-to-acquire-sundyne/