HONEYWELL INTERNATIONAL INC acquired Transnorm for €425 million, a transaction completed in November 2018, structured as Acquisition.
Transnorm operates in Safety and Productivity Solutions, is based in Harsum, Germany. Transnorm, based in Harsum, Germany, is a global leader in high-performance conveyor solutions used in parcel delivery, e-commerce fulfillment and airport applications. Honeywell acquired it from IK Investment Partners to complement its Intelligrated warehouse-automation business and expand in Europe.
Complement the Intelligrated warehouse-automation business and capture European e-commerce growth.
Advisory firms were not disclosed for this transaction.