U.S.-based expertise agency Honeywell has agreed to purchase compatriot pump and compressor participant Sundyne from personal fairness agency Warburg Pincus in an all-cash transaction.

Valued at $2.16 billion, the transaction is predicted to shut in Q2 2025, topic to customary closing situations, together with receipt of sure regulatory approvals. The tech agency expects the acquisition to be instantly accretive to its gross sales progress and phase margin. 

The addition of Sundyne’s tools is predicted to spice up the power of Honeywell’s Vitality and Sustainability Options (ESS) enterprise phase to drive innovation and effectivity whereas supporting essential power safety wants the world over.

“By combining Honeywell’s top-tier expertise with Sundyne’s main course of business options, this acquisition will additional improve our dynamic Honeywell UOP enterprise and create strategic progress alternatives in engaging verticals,” mentioned Vimal Kapur, Chairman and CEO of Honeywell.

“Sundyne’s huge put in base of top-of-the-line pumps and compressors will additional strengthen Honeywell’s model within the course of business and create important alternatives for us to proceed increasing our aftermarket providers enterprise.”

Honeywell believes Sundyne’s merchandise and expertise will unlock strategic progress potential for the worth chains in refining and petrochemicals, liquefied pure fuel (LNG), and clear and renewable fuels in its UOP enterprise.

“By means of the mixing of Sundyne’s differentiated suite of merchandise and tools, mixed with the method automation capabilities of our Honeywell Forge expertise, we will supply our clients a extra complete portfolio of options to satisfy their evolving wants,” mentioned Ken West, President and CEO of Honeywell’s ESS phase.

In keeping with Sundyne’s CEO, Mary Zappone, the mix will add “important” worth to clients, channel companions, and staff, in addition to deliver advantages that may increase progress and enhance effectivity.     

This comes on the heels of Honeywell’s strategic partnership with Vår Energi, Aker Options, and StS-ISONOR to ship upkeep and modification providers on the belongings and initiatives on the Norwegian Continental Shelf (NCS) operated by Vår Energi.

Earlier than that, the U.S. participant accomplished the acquisition of an LNG course of expertise and tools enterprise from Air Merchandise in October, three months after the transaction was first introduced.