HONEYWELL INTERNATIONAL INC acquired FLUX, a transaction announced in December 2017, structured as Minority investment (25% ownership interest in FLUX) plus a new 75%-owned joint venture for markets outside China.
FLUX operates in Safety and Productivity Solutions, is based in China. FLUX Information Technology is a Chinese provider of warehouse-management and related supply-chain software. Honeywell agreed to take a 25 percent ownership interest in FLUX and to form a separate majority-owned joint venture with FLUX's founder to serve customers outside China, enhancing Honeywell's Connected Supply Chain offerings.
Extends Honeywell's software-industrial strategy and Connected Supply Chain / warehouse-automation portfolio in China and the Asia-Pacific region.
Advisory firms were not disclosed for this transaction.