HONEYWELL INTERNATIONAL INC acquires Sparta Systems
Snapshot
HONEYWELL INTERNATIONAL INC acquired Sparta Systems for $1,303 million (approximately $1.3 billion) in February 2021. The transaction was structured as all cash. Sparta Systems is a United States (Hamilton, New Jersey)-based Performance Materials and Technologies (later Industrial Automation) business.
- Acquirer
- HONEYWELL INTERNATIONAL INC
- Target
- Sparta Systems
- Value
- $1,303 million (approximately $1.3 billion)
- Date
- February 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
HONEYWELL INTERNATIONAL INC acquired Sparta Systems for $1,303 million (approximately $1.3 billion), a transaction completed in February 2021, structured as all cash.
Sparta Systems operates in Performance Materials and Technologies (later Industrial Automation), is based in United States (Hamilton, New Jersey). A leading provider of enterprise quality management software (QMS) for the life sciences industry. The acquisition was expected to strengthen Honeywell's leadership in industrial automation, digital transformation solutions, and enterprise performance management software.
Honeywell stated Sparta Systems was expected to further strengthen the Company's leadership in industrial automation, digital transformation solutions, and enterprise performance management software.
Recurring software revenue in regulated life sciences; reinforces Honeywell's connected-software and enterprise performance-management growth vector. Strengthens Honeywell's industrial automation, digital transformation and enterprise performance-management software offerings. Honeywell Performance Materials and Technologies (Honeywell Connected Enterprise)
No advisory firms have been disclosed for this transaction.