US technology and engineering company Honeywell has agreed to buy Sundyne from private equity firm Warburg Pincus for $2.16bn in an all-cash deal which is expected to close in the second quarter.
Sundyne, headquartered in Arvada, Colorado with additional locations around the globe, specialises in the design, manufacturing and aftermarket support of highly engineered pumps and gas compressors used in process industries.
The addition of Sundyne’s differentiated equipment will boost Honeywell’s Energy and Sustainability Solutions (ESS) business, and marks another key industrial move following its $1.81bn purchase of Air Products’ liquefied natural gas (LNG) process technology and equipment business, which was completed last September.
Read more: Air Products completes $1.81bn LNG business sale to Honeywell
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