Top 9 Companies Owned by Honeywell

Honeywell International (HON) generated $34.4 billion in sales for fiscal year 2021. It has successfully solidified itself as a Fortune 500 company by expanding into many industries and offering diverse products. Honeywell’s success is partly attributable to the many acquisitions it has made.

Five years of Honeywell strategic plan from 2014 to 2018 requested $10 billion in Mergers and acquisition expenses. Without these subsidiaries, Honeywell’s business would not be as diverse in terms of product, geographic location or industry.

Key points to remember

  • Honeywell has made a number of acquisitions over the past decade, the largest ever in 2015.
  • In 2015, Honeywell made its biggest takeover, paying $5.1 billion for Elster Group. It also bought Intelligrated for $1.5 billion the same year.
  • Over the past few years, he has made big bets on detection and sensing systems with various companies.
  • Honeywell focused more on downsizing, supplementing the fallout from its homes and transportation systems business.
  • Honeywell’s strategic goals for the 2014-2018 period included allocating $10 billion for mergers and acquisitions.

1. Elster Group

Honeywell’s largest acquisition was that of Elster Group from Melrose Industries PLC. The 2016 acquisition was completed for $5.1 billion. Honeywell was attracted to the high-growth product areas and geographic locations of the Elster Group.

Elster Group is a leading supplier of gas, electricity and water meters, including all associated communications and software solutions. It reported $1.670 billion in revenue, $532 million in current assets and $2.46 billion in intangible assets for 2015.

2.EMS Technologies, Inc.

For $491 million, Honeywell bought EMS Technologies. The 2011 acquisition expanded Honeywell’s position in the global digitalization and mobility industry. EMS Technologies specializes in rugged portable products for vehicles. Items sold within the Department of Aviation include rugged data storage, surveillance applications, antennas and terminals.


Honeywell acquired Intelligrated in July 2016 for $1.5 billion in cash. Based in Ohio, Intelligrated employed more than 3,000 people and was expected to record annual sales of around $900 million in 2016.

Intelligrated is used in Honeywell’s Sensing and Productivity Solutions unit within the Enterprise Automation and Control Solutions division. Honeywell has integrated Intelligrated’s supply chain automation solutions into Honeywell’s current workflow performance processes.


In 2013, Honeywell completed the acquisition of Intermec and spent $600 million in cash on the deal. Intermec brings value to Honeywell in many ways, including innovative products, engineering expertise, an extensive global network distribution channeland valuable technology in the AIDC industry.

Intermec is a leading provider of mobile device computing, radio frequency identification services, printing solutions and data collection products. Intermec has been integrated into Honeywell’s digitization and mobility division.

5. King’s Security Clothing

For $331 million, Honeywell bought Singapore-based King’s Safetywear in 2011. The deal expanded Honeywell’s customer base, as KWS operations were strategically placed in high-growth areas. Its brands of steel-toed boots Otter, King’s and Oliver are sold primarily in Australia, Asia and Europe. Honeywell’s motivation for completing the deal was tied to strengthening its workplace safety equipment segment of the business.


In 2008, Honeywell paid $1.2 billion to acquire Norcross Safety Products (NSP). NSP has produced respirators, helmets, protective gloves and other protective equipment for industrial workers as well as firefighters. Based in Illinois, Norcross became part of Honeywell’s Automation and Control Solutions division.

7. RAE systems

Honeywell announced in 2013 a definitive agreement to acquire RAE Systems Inc. The privately held manufacturer manufactures gas and radiation detection systems. Its products include a full line of fixed and transportable detection and detection devices sold to government, emergency response sectors and industrial entities. At the time of the agreement, RAE Systems products were used in more than 120 countries. Founded in 1991 and based in California, RAE Systems was acquired for $340 million.

8. Sperian Protection

In September 2010, Honeywell completed the purchase of Sperian Protection, which manufactures personal protective equipment used in the general industrial, construction, fire service and electrical safety segments. Honeywell paid $1.4 billion, or 1.5 times a year Sales— for Sperian. Sperian specializes in head protection (visual, hearing and respiratory equipment) as well as body protection (clothing, gloves, footwear).

9. Xtralis

In early 2016, Honeywell entered into a definitive agreement to purchase Xtralis, which is a global and industry-leading supplier of aspirating smoke detection and security video analytics software. Honeywell paid $480 million as part of the deal. Xtralis’ customer base includes Fortune 500 companies, iconic sites and infrastructure worldwide. Its products are used to protect data centers, historic buildings, airports and manufacturing sites. Xtralis was headquartered in Ireland and had 500 employees.

Go forward

Honeywell has been relatively quiet on the acquisition front. Instead, the company took the opposite approach, supplementing various spin off. This comes as the company secured a new CEO in 2017, Darius Adamczyk. Over the past two years, Honeywell has spun off its ADI transportation systems, homes, and global distribution business.

What businesses does Honeywell own?

Honeywell has 75 subsidiaries, 70 of which are wholly owned by the company.Included are Elster, Grimes Aerospace Company, Intelligrated Systems, Maxon Corporation and Novar Systems.

Who owns Honeywell?

AlliedSignal acquired Honeywell in 1999. Shortly after the acquisition, AlliedSignal adopted the Honeywell name to preserve the brand’s image and reputation.

Is Honeywell a top company?

In 2021, Honeywell was recognized as one of Fast Company’s Most Innovative Companies.The company is ranked 105 on the Fortune 500 list and 417 on the Fortune Global 500 list, indicating that it is one of the top companies in its industry.