Skip to Content

Tag: Honeywell


Vimal Kapur

Suppliers

Honeywell details company restructuring

February 12, 2025Cory Harris, Editor

CHARLOTTE, N.C.—Honeywell’s Q4 and full-year 2024 results met or exceeded updated guidance, but during a recent conference call, that performance took a back seat to the announcement of a companywide restructuring.   During the call on Feb. 6, the company announced it intends to separate its Automation and Aerospace Technologies business units as part of a comprehensive portfolio evaluation that was launched a year ago by Chairman and CEO Vimal Kapur and was recently completed....

Honeywell, Honeywell Advanced Materials, Honeywell Aerospace Technologies, Honeywell Automation, Vimal Kapur


Read Full Articlered right arrow icon

Monitoring Matters

Honey, I shrunk the company

February 12, 2025Ken Showers, Managing Editor

This week in industry news, Honeywell honeycombs into three distinct hives full of busy bees, but the buzz around the move indicates a bumble. Last week Honeywell made good on months of speculation that the company would bow to pressures from an activist investor and spun out into three separate divisions. Those divisions are its aerospace, advanced materials, and home automation divisions. So, while this split rolls back the meter a bit on Honeywell’s conglomeration, it is also theoretically...

Elliott Management, home automation, Honeywell, Honeywell Advanced Materials, Honeywell Aerospace Technologies


Read Full Articlered right arrow icon

Vimal Kapur

Suppliers

Honeywell announces creation of three separate companies

February 6, 2025SSN Staff

CHARLOTTE, N.C.—Honeywell has announced the completion of a comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of Automation and Aerospace Technologies. The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed companies with distinct strategies and growth drivers. The separation is intended to be completed in the second...

Carrier Global Corp., Elliott Management, Honeywell, Honeywell Advanced Materials, Honeywell Aerospace Technologies, Honeywell Automation, Jesse Cohn, Marc Steinberg, Vimal Kapur


Read Full Articlered right arrow icon

Carrier tightens portfolio amid turbulence

Suppliers

Carrier tightens portfolio amid turbulence

December 17, 2024Ken Showers, Managing Editor

PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.  Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.  Similarly,...

ADT, Carrier Global Corp., commercial, Honeywell, HVAC, Mergers & Acquisitions, Residential, tariff


Read Full Articlered right arrow icon

Security Systems News welcomes “Emerging Leaders under 40” Class of 2025

Emerging Leaders Under 40

Security Systems News welcomes 'Emerging Leaders under 40' Class of 2025

December 16, 2024Cory Harris, Editor

YARMOUTH, Maine—Security Systems News is excited to announce our “Emerging Leaders under 40” Class of 2025, highlighting those security professionals who have already made an indelible mark on the companies they work for. Previously known as the “40 under 40” awards, this rebranded annual awards program features leaders who have proven themselves to be self-motivated, team-oriented creative thinkers who have shown leadership competencies by engaging in the vision...

ABC Fine WIne & Spirits, acre security, Advanced Data Risk Management (ADRM), AMAG Technology, Andrea McCabe, Axis Communications, Brianna Ramos, Class of 2025, Compass PR, Cooper MacDonnell, COPS Monitoring, Cory Harris, Don Morron, Eastern Security Services, Emerging Leaders Under 40, Haley Glover, Heather Ferrara, Honeywell, Jake Voll, Kelsey Carnell, Kurt Larson, Kyle Gordon, Lorren Gonzalez, Marissa Vacek, National Monitoring Center (NMC), Neil Riveron, Pro-Tec Design, PSA Security Network (PSA), Rapid Response Monitoring, Ryan Knoll, Sapphire Risk Advisory Group, Security Systems News (SSN), Silent Guard, SS&Si Dealer Network, Swell Marketing Agency, Tatiana Abramek, Will Gary


Read Full Articlered right arrow icon

Also Noted

Per Mar receives 2024 Premier Security Dealer of the Year Award from Resideo

November 25, 2024SSN Staff

DAVENPORT, Iowa – Per Mar Security Services, a provider of comprehensive security solutions for commercial and residential customers, has been honored with the 2024 Premier Security Dealer of the Year award by Resideo at its 35th Annual CONNECT customer event. The award honors the company's dedication to growth, demonstrates true team performance, and delivers exceptional security solutions. Brian Duffy, CEO of Per Mar, expressed his gratitude for the recognition: “It is an...

Award, Brian Duffy, commercial, Honeywell, Per Mar Security Services, Residential, Resideo


Read Full Articlered right arrow icon

Elliott Investment Management calls for break-up at Honeywell

Suppliers

Elliott Investment Management calls for breakup at Honeywell

November 12, 2024SSN Staff

WEST PALM BEACH, Fla. — Activist investor group Elliott Investment Management has built a $5 billion dollar investment in Honeywell International inc. and is calling for the company to simplify its conglomerate structure. In a letter addressed to the Honeywell board of directors, Elliott outlined that while the company has been an “…iconic pillar of the American industrial complex,” it has recently shown signs of inconsistent financial performance and uneven...

Elliott Management, Global Access Solutions, Honeywell, Honeywell Aerospace Technologies, Honeywell Automation


Read Full Articlered right arrow icon

Honeywell to spin off advanced materials business

Commercial

Honeywell to spin off advanced materials business

October 8, 2024Ken Showers, Managing Editor

CHARLOTTE, N.C. — Honeywell has announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, targeted to be completed by the end of 2025 or early 2026.   Vimal Kapur, chairman and CEO of Honeywell, said during a recent webcast with investors that it has been nearly a year since the company announced a reorganization to focus on the three megatrends of automation, aviation and energy transition.  “As we continue to...

automation, aviation, CAES Systems, Carrier Global Corporation, energy transition, Honeywell, spin off, Vimal Kapur


Read Full Articlered right arrow icon

Also Noted

Iris ID names Ricky Garcia as business development director, Latin America

October 1, 2024SSN Staff

CRANBURY, N.J.—Iris ID, a global provider of iris recognition technology, has announced the appointment of Jose R. (Ricky) Garcia as business development director, Latin America (LATAM).  Garcia has more than 20 years of experience driving increased revenue and cost efficiencies for global high-end technology companies in LATAM. His diversified sales experience including with startups will propel Iris ID multimodal biometric technology as a solution for national ID projects, access...

Honeywell, Iris ID, Kyocera Document Solutions, Latin America (LATAM), Louisiana State University, Mohammed Murad, Ricky Garcia, Sacred Heart University, Sharp Electronics


Read Full Articlered right arrow icon

Also Noted

DMP adds new pair of regional sales managers

September 30, 2024SSN Staff

SPRINGFIELD, Mo. — Digital Monitoring Products (DMP) grows its ranks with the addition of two new regional sales managers who will represent the Northwest and Ozark territories. Chris Kelley has joined DMP as the regional sales manager for the Northwest territory. He will provide ongoing service and support to DMP dealers across Washington, Oregon, Idaho, Montana, Wyoming and Alaska. Kelley joined DMP because of the culture and dedication to its employees and customers. With over 20 years...

Chris Kelley, Digital Monitoring Products (DMP), Doug Doster, Honeywell, Simplex


Read Full Articlered right arrow icon

|<<<12345>>>|