This research note examines Honeywell’s emerging strategic priorities in smart buildings. We have mapped the acquisitions, strategic partnerships, investment activity, and divestments of the business to ascertain their growth ambitions, by categorizing the various relationships and deals by technology and investment type over recent years. This analysis is intended as a non-exhaustive indicator of their strategic direction in the smart buildings sector between November 2022 and June 2024, updating our previous Research Note published from November 2022. Strategy Map of Honeywell Smart Buildings Business Access Control, Emergency Response, Gas Detection In December 2023, Honeywell announced plans to enhance and strengthen its building automation capabilities with the acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion, in an all-cash transaction. See our Research Note examining their strategy update and the transaction. The acquisition brings three established brands to their portfolio: LenelS2, a specialist in commercial and enterprise access solutions; Onity, which offers electronic […]
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