Honeywell shakeup continues with US$2.16bn buyout of pumps firm Sundyne

HONEYWELL is buying pumps and compressors manufacturer Sundyne for US$2.16bn, in a move to bolster an automation business that will soon stand alone after a major split was announced last month.

Sundyne designs, manufactures, and provides aftermarket support for pumps and compressors used across the process sectors including oil and gas, refining, minerals processing, and carbon capture.

The purchase of Sundyne will provide new sales opportunities for Honeywell’s process technology business UOP. It will also look to digitalise Sundyne’s equipment using its industrial internet of things (IIoT) platform Honeywell Forge to boost reliability and predictive maintenance.

Honeywell CEO Vimal Kapur said: “Sundyne's vast installed base of top-of-the-line pumps and compressors will further strengthen Honeywell’s brand in the process industry and create significant opportunities for us to continue expanding our aftermarket services business.”

Last month, Honeywell announced plans to split into three firms. It revealed that its aerospace technologies business would also go, following the announcement in October that it would spin off its advanced materials business, which produces speciality chemicals.

The spin-offs will provide the individual firms with increased flexibility and position them to create greater long-term value for shareholders, Honeywell said. The separation is expected to be completed in the second half of 2026.

On the creation of a standalone Honeywell automation business, Kapur said: “Honeywell Automation will create the buildings and industrial infrastructure of the future, leveraging process technology, software, and AI-enabled, autonomous solutions to drive the next generation of productivity, sustainability, and safety…[it] will be better able to capitalise on the global megatrends underpinning its business, from energy security and sustainability to digitalisation and artificial intelligence.”

Since December 2023, Honeywell has spent around US$9bn buying firms to boost growth. This includes its US$1.8bn acquisition of Air Products’ LNG technology and equipment business.