HONEYWELL INTERNATIONAL INC acquired Genesis Cable, structured as Acquisition of remaining 70% to reach full ownership.
Genesis Cable operates in Automation and Control Solutions (Honeywell Security), is based in Pleasant Prairie, Wisconsin, USA. Honeywell acquired the remaining 70 percent stake it did not already own in Genesis Cable Systems, a Pleasant Prairie, Wisconsin maker of low-voltage cable for security, fire, sound, video, voice, data and structured home-networking applications, taking the business to full ownership. Honeywell had held a 30 percent interest since its 2000 acquisition of Pittway Corp.
Take full ownership of a low-voltage cable maker to support the growing home-networking and structured-wiring market.
Advisory firms were not disclosed for this transaction.