March 4 (Reuters) - Honeywell International ( HON ) said
on Tuesday it will buy pump-maker Sundyne from private-equity
firm Warburg Pincus for $2.16 billion in cash.
The industrial and aerospace giant has been on a deal-making
spree under CEO Vimal Kapur, shedding assets that are not
focused on the aviation, automation and energy sectors.
Last month, Honeywell ( HON ) announced its plans to split into
three independently listed companies, breaking up one of
America's last standing conglomerates just months after activist
investor Elliott Management took a $5 billion stake in the
company.
Sundyne manufactures centrifugal pumps and compressors, and
has a presence in Europe and Asia.
Warburg acquired Sundyne in 2020 from funds advised by BC
Partners Advisors L.P. and The Carlyle Group in a private deal.