Honeywell Completes Acquisition Of RAE Systems
-- Global Manufacturer of Fixed and Hand-held Gas, Radiation Detection Devices
-- Technology Used By Leading Corporations, Government Agencies in More Than 120 Countries
-- Expands Honeywell Analytics' Portfolio of Gas Detection Technologies
LINCOLNSHIRE, Ill., June 4, 2013 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that it completed its acquisition of RAE Systems, Inc., a global manufacturer of fixed and portable gas and radiation detection systems, and software for $340 million. The company will be integrated into Honeywell Analytics, part of Honeywell Life Safety (HLS) within Honeywell Automation and Control Solutions (ACS).
RAE Systems offers a full line of personal, hand-held, transportable and fixed gas, radiation and photo-ionization sensing and detection devices for the government, oil and gas, industrial and emergency response sectors for use in a wide range of personal, plant safety and regulatory compliance applications. Their products are used in more than 120 countries by many of the world's leading corporations and government agencies, as well as numerous city and state entities in the U.S.
"Adding RAE Systems to our gas detection business shows our continued commitment to provide a very compelling value proposition for our customers who will benefit from a comprehensive product line and unrivalled technologies," said Carl Johnson, president of Honeywell Analytics.
Honeywell Analytics' gas detection portfolio addresses every type of gas detection requirement including industrial fire and gas systems, portable gas detection, flame and centralized gas monitoring systems and systems used in commercial building environments. Honeywell brings together nearly 200 collective years of expertise in the design, manufacture and technology of gas detection.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
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