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Honeywell to buy pump maker Sundyne for $2.16 billion
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Honeywell to buy pump maker Sundyne for $2.16 billion
Mar 4, 2025 4:33 AM

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.

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