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Honeywell completes acquisitions of CAES Systems and Air Products' LNG Business as part of portfolio enhancement

Oct 24, 2024about 1 year ago

Acquiring Company

Honeywell

Acquired Company

CAES

Crystal CityElectronicsManufacturingConsumer Electronics

Description

Honeywell, a multinational conglomerate, has successfully completed the acquisitions of CAES Systems and Air Products' LNG Business, demonstrating its commitment to enhancing its portfolio and expanding its presence in mission-critical RF and microwave solutions as well as the LNG industry.

Company Information

Company

Honeywell

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed