HONEYWELL INTERNATIONAL INC acquired IRIS Systems Inc., a transaction completed in August 2011, structured as Acquisition of privately held company; terms undisclosed.
IRIS Systems Inc. operates in Automation and Control Solutions (Environmental & Combustion Controls / Thermal Solutions), is based in Canada. IRIS Systems, founded in 1976 and based in Canada, was a privately held maker of flame-monitoring and flame-detection systems for industrial combustion applications such as power generation, pulp and paper and industrial boilers. Honeywell's Environmental & Combustion Controls (Thermal Solutions) business acquired it to expand its flame-detection offering and the industrial segments it serves.
Broaden Honeywell's industrial flame-detection and flame-monitoring product portfolio and served segments.
Advisory firms were not disclosed for this transaction.