MORRISTOWN (dpa-AFX) - Honeywell International Inc. (HON) said Monday that it has acquired INNCOM, a Connecticut-based, privately held manufacturer of advanced software-based energy management solutions and in-room controls for lodging, healthcare and educational institutions.
Terms of the deal were not disclosed.
Honeywell said the acquisition will enhance its existing building management control systems offerings and broadens its customer base into the high-growth global lodging industry, particularly in the Middle East, India and Asia Pacific.
INNCOM's lodging customers include leading global brands ranging from mid-scale hotels to five-star luxury properties, including Hilton, Sheraton, Hyatt, St. Regis, Four Seasons, Radisson, Kimpton, among many others. INNCOM had 2011 sales of $24 million.
INNCOM will be integrated into Honeywell's Environmental & Combustion Controls business, a part of Honeywell Automation and Control Solutions, and will join the businesses' other Honeywell commercial controls brands.
Copyright RTT News/dpa-AFX
