It's been a busy start to the year for Honeywell. In less than 4 weeks they have acquired Xtralis, a leading manufacturer of advanced fire detection products, and are looking to sell their Building Solutions Group. Add to this the possibility that a mega merger with UTC, to form an industrial power house, may not yet be off the table. The Honeywell Building Solutions business is thought to be worth between $3 billion and $4 billion. It provides integrated Building Management Systems and other services to commercial buildings globally and had revenues of $4.6 billion in 2015. So what do these 3 manoeuvres tell us about Honeywell’s strategy to shape its future through merger and acquisition? The first is part of an ongoing policy over the last 14 years to strengthen its core businesses through buying leading edge technology products, whilst at the same time divesting its low technology and consumer products. The UTC play […]