Acquisition of metering company completed

April 26th, 2016, Published in Articles: Energize

 

Honeywell has completed its acquisition of the Elster division of Melrose Industries, a provider of 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. The company’s gas heating and gas, water, and electricity metering businesses will be integrated with Honeywell’s environmental and energy solutions business which is part of the company’s automation and control solutions division. Dave Cote, Honeywell’s chairman and CEO, says the acquisition of Elster adds outstanding technologies, well-recognised brands, energy efficiency know-how, and a global presence to the company’s portfolio. The acquisition provides the company with opportunities to drive new growth and greater profitability in each of its businesses, he says.

Contact Robert Ferris, Honeywell, rob.ferris@honeywell.com

 

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