Honeywell to Buy Smoke Detection and Video Security Company Xtralis
February 04 2016 - 6:28PM
Dow Jones News
By Maria Armental
Honeywell International Inc. has agreed to buy smoke detection
and video security company Xtralis for $480 million.
Founded in 1984 and based in Dublin, Xtralis's majority
shareholders are Australasian private-equity firm Pacific Equity
Partners and San Francisco-based private-equity firm Blum Capital
Partners.
Xtralis would be part of Honeywell Security and Fire, a unit of
Honeywell Automation and Control Solutions, which accounts for
about a third of its annual sales.
A New Jersey-based conglomerate, Honeywell is best known for
making aircraft parts and climate control systems.
The deal, subject to regulatory approval, is expected to close
in the second quarter.
Honeywell's stock closed Thursday at $102.55, up 1.8% over the
past 12 months.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
February 04, 2016 18:13 ET (23:13 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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