Honeywell announced an agreement to acquire Saia Burgess Controls, a provider of intelligent building controls, from Hong Kong-based Johnson Electric for $130 million. The acquisition will build upon Honeywell's extensive portfolio of intelligent building control solutions and expand its business into Australia, Germany and Switzerland.
Honeywell announced an agreement to acquire Saia Burgess Controls, a provider of intelligent building controls, from Hong Kong-based Johnson Electric for $130 million. The acquisition will build upon Honeywell's extensive portfolio of intelligent building control solutions and expand its business into Australia, Germany and Switzerland.
Saia Burgess Controls' products and solutions 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 and solutions enable multiple technologies to be operated and managed on a single device, such as a Web browser, simplifying and improving building management and automation for commercial and industrial enterprises.
“Saia Burgess Controls' innovative products enhance Honeywell's portfolio of commercial controls and energy efficiency technology and builds on our expertise in open control systems,” said Beth Wozniak, President-ECC. “In addition, its commitment to the system integrator channel – a sales channel we also support – is a great fit for us. We expect to drive growth through cross-selling opportunities and by leveraging Saia Burgess Controls' offerings into our other channels.”
Based in Murten, Switzerland, Saia Burgess Controls has more than 300 employees and 2011 sales of $93 million (fiscal year ending March 31, 2012). The business will be integrated into the commercial controls portfolio of Honeywell's Environmental and Combustion Controls business. The transaction is expected to close by the end of January 2013 following customary regulatory reviews.