Honeywell completes $5.1bn Elster acquisition


honeywellHoneywell has completed its $5.1 billion (£3.5bn) acquisition of energy solutions firm Elster, announcing the news to suppliers today.

The acquisition was first announced in July.

The firm provides thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity meters, including smart meters and software and data analytics solutions. Elster also manufactures gas metering and pressure control devices, as well as total solutions for the gas transmission and distribution industry.

Honeywell said it will now integrate Elster and all its affiliates into its Environmental & Energy Solutions and Honeywell Process Solutions businesses.

Honeywell told suppliers to continue to ship the goods Elster has ordered against previously established schedules and said that ahead of the integration it was “business as usual” for the Elster team.

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