US industrial tech firm Honeywell has completed its $2.16bn acquisition of global industrial pump manufacturer Sundyne.
The deal will result in an improved product offering for customers, as Honeywell Forge, an IoT platform will enable the digitalisation of Sundyne’s equipment to enhance reliability and predictive maintenance.
Using Honeywell’s research and development capabilities, the combined company will also be able to further accelerate new product development in the pumps and compressors space.
Ken West, President and CEO of Honeywell’s Energy and Sustainability Solutions (ESS) segment, said the acquisition will enable improved solutions for customers.
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