At the end of last week, Honeywell announced that they have agreed to acquire smoke detection and security company Xtralis for $480M. Although Xtralis is based in Ireland this deal is not motivated by the attraction to lower their tax bill through an inversion, as was the case last week in the announcement by Johnson Controls to acquire Tyco International, for upon completion of the acquisition, Xtralis previously known as Vision Fire and Security, will become part of Honeywell Security and Fire, a business unit of Honeywell Automation and Control Solutions. Nevertheless both of these deals involve companies that are at the leading edge of the world’s fire detection technology and together they will have a major impact on changing the competitive landscape. In our recently published Report on the Physical Security Industry we identified both Tyco and Xtralis in our list of the Top 50 potential acquisition targets. Honeywell was clearly in a strong […]