Honeywell and Google Cloud have entered a transformative partnership aimed at revolutionising the industrial sector through the integration of advanced artificial intelligence (AI) agents. This collaboration focuses on connecting AI with existing assets, personnel, and processes, ultimately promoting safer and more autonomous operations. By combining Google Cloud’s sophisticated Gemini technology on its Vertex AI platform […]
In a strategic move to bolster its energy transition capabilities, Honeywell has announced the acquisition of Air Products’ Liquefied Natural Gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This acquisition is expected to significantly enhance Honeywell’s offerings, allowing it to provide customers worldwide with a comprehensive solution for managing […]
In a significant boost to Kansas’ aerospace and manufacturing sector, Governor Laura Kelly announced that Honeywell will invest $84 million to expand its aerospace manufacturing facility in Olathe, promising the creation of 156 new jobs. This strategic investment is poised to generate nearly $47 million in total gross domestic product (GDP) and contribute $18.3 million […]
Honeywell (Nasdaq: HON) has announced a significant step in sustainable fuel production as Acelen Renewables adopts its innovative Ecofining technology. This agreement marks Honeywell’s 50th site to license its renewable fuels technology, with Acelen Renewables aiming to produce 20,000 barrels per day of sustainable aviation fuel (SAF) and renewable diesel at their Bahia, Brazil facility. […]
Quantinuum, a global leader in integrated quantum computing, has announced the closing of a substantial $300 million equity fundraise. This financial milestone, achieved at a pre-money valuation of $5 billion, is anchored by strategic partner JPMorgan Chase, along with contributions from Mitsui & Co., Amgen, and Honeywell, which continues to be the company’s majority shareholder. […]
In a major development in the building automation and security solutions industry, Honeywell (Nasdaq: HON) has announced plans to acquire Carrier Global Corporation’s (NYSE: CARR) Global Access Solutions business for $4.95 billion. This all-cash transaction positions Honeywell as a leading provider of security solutions for the digital age. The acquisition includes both hardware and software […]
In a major development in the technology and security solutions sector, Carrier Global Corporation (NYSE: CARR) has entered into a definitive agreement to sell its security business, Global Access Solutions, to Honeywell (NASDAQ: HON) for an enterprise value of $4.95 billion. This transaction, representing approximately 17 times the expected 2023 EBITDA, marks a successful first […]
Honeywell has declared its intention to acquire SCADAfence, a recognized provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions. The purchase will enable Honeywell to strengthen its OT cybersecurity portfolio by incorporating SCADAfence’s expertise in threat detection, asset discovery, and security governance, especially valuable to industrial and building management cybersecurity programs. Given […]
Eni Sustainable Mobility and PBF Energy have joined forces for the St. Bernard Biorefinery an under-construction biorefinery in Louisiana, which will enable the former to enter into the US biofuels market. The St. Bernard Biorefinery will be a 50-50 joint venture (JV) and is co-located with PBF Energy’s Chalmette Refinery in Louisiana. The biorefinery will […]
TotalEnergies and Honeywell, an American multinational conglomerate, have signed an agreement to address the issue of plastic waste that may otherwise be intended for landfills. As part of the deal, Honeywell will supply recycled polymer feedstock (RPF) to the France-based oil and gas company, which will be converted into virgin-quality polymers that could be used […]
