HONEYWELL INTERNATIONAL INC acquired Saia Burgess Controls for $130 million, a transaction completed in February 2013, structured as Cash acquisition (purchased from Johnson Electric).
Saia Burgess Controls operates in Building Automation (Environmental & Combustion Controls), is based in Switzerland (Murten). Saia Burgess Controls (SBC), based in Murten, Switzerland, makes intelligent building and energy controls, including programmable controllers, touch-screen panels, submeters, counters and timers for HVAC, energy management and machine/infrastructure applications. Honeywell acquired it from Johnson Electric to expand its commercial building-controls portfolio in Europe.
Adds programmable building and energy controls and a European system-integrator channel to Honeywell's commercial controls portfolio.
Advisory firms were not disclosed for this transaction.