Honeywell Acquires Saia Burgess Controls for $130m
Honeywell has acquired intelligent building controls provider Saia Burgess Controls from Hong Kong-based Johnson Electric for $130 million.
Saia Burgess Controls’ products include programmable controllers, touch-screen panels, electrical submeters, counters and timers for use in HVAC applications, energy management systems and machine and infrastructure controls. These products enable multiple technologies to be operated and managed on a single device, such as a Web browser.
The Murten, Switzerland-based company will be integrated into the commercial controls portfolio of Honeywell’s Environmental and Combustion Controls (ECC) business, according to the company.
Honeywell says it expects the transaction to close by the end of January 2013 following customary regulatory reviews.
Saia Burgess Controls posted sales of $93 million in 2011. Honeywell says the newly acquired company’s products will enhance Honeywell’s intelligent building controls portfolio, which includes the INNCOM, Alerton, Centraline, E-MON, Trend, Novar Controls, Phoenix Controls and Tridium brands.
The acquisition also expands Honeywell’s energy controls presence in Austria, Germany and Switzerland and gives Honeywell a common global platform on which to drive growth in electrical submeters, it says. Honeywell’s E-MON submeter brand is focused on North America, while Saia Burgess Controls’ product is targeted to Europe, Middle East and Africa.
Last month, Honeywell announced a $35 million renewable energy project for the city of Wilmington, Del., which includes a first-of-its-kind facility that converts two sources of biogas into power and heat for the city’s wastewater treatment plant.
In other acquisition news, Miami Beach-based Car Charging Group is acquiring Los Angeles-based 350Green, the firm overseeing Chicago’s $8.9 million installation electric vehicle charging stations, the Chicago Tribune reports.
350Green won the contract along with $1.9 million in state and federal grants to years ago, the newspaper says. At the time, the company said it would install 280 electric vehicle charging station in Chicago and surrounding suburbs by the end of 2011. To date, 166 stations have been completed, according to the Tribune.
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