Honeywell has agreed to acquire Sundyne from private equity firm Warburg Pincus in a US$2.16 billion an all-cash transaction.
Sundyne designs, manufactures and supports highly-engineered pumps and gas compressors used in process industries. Pumps brands include Sundyne, Sunflo, Ansimag, HMD Kontro and Marelli.
Headquartered in Arvada, Colorado, USA and with additional locations around the globe, Sundyne brings approximately 1,000 employees and a significant recurring aftermarket revenue generated from an extensive installed base to Honeywell.
Sundyne will also unlock strategic growth potential for Honeywell UOP’s value chains in refining and petrochemicals, liquefied natural gas (LNG) and clean and renewable fuels. In addition, the Honeywell Forge IoT platform will enable the digitalization of Sundyne’s equipment to enhance reliability and predictive maintenance. Utilizing Honeywell’s advanced R&D capabilities, the combined company will also be able to further accelerate new product development in the pumps and compressors space.