HONEYWELL INTERNATIONAL INC acquired RAE Systems for $338 million, a transaction completed in June 2013, structured as Acquisition.
RAE Systems operates in Automation and Control Solutions (Life Safety / Analytics), is based in San Jose, California, USA. RAE Systems, of San Jose, California, was a global manufacturer of fixed and portable gas and radiation detection systems and software, with 2012 sales of about $107 million serving government, oil and gas, industrial and emergency-response markets. Honeywell acquired it to strengthen its gas-detection and analytics offering within its Life Safety business.
Expand Honeywell's portfolio of portable and fixed gas and radiation detection for industrial safety and emergency response.
Advisory firms were not disclosed for this transaction.