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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