HONEYWELL INTERNATIONAL INC acquired FutureSmart, a transaction completed in December 2003, structured as Acquisition (terms undisclosed).
FutureSmart operates in Building Automation (Home & Building Control), is based in United States. FutureSmart (FutureSmart Systems) was a US home-networking / structured-wiring company (roughly $5 million in 2002 revenue). Honeywell acquired it in 2003 to build out its home and building controls offering in the then-emerging residential connectivity and home-networking market.
Expands Honeywell's Home & Building Control presence into residential home-networking and structured-wiring products.
Advisory firms were not disclosed for this transaction.