|
MINNEAPOLIS, February 12, 2003 – Honeywell (NYSE: HON) today announced
that its Automation and Control Solutions (ACS) unit has
signed an agreement to acquire the assets of privately held
Sensotec, Inc. The transaction is subject to government
approval.
Based in Columbus, Ohio, Sensotec, Inc. is a supplier
of sensors for measuring pressure, torque, load, temperature,
force, acceleration and displacement. These products are
used extensively in test and measurement applications in
the automotive, oil and gas, aviation, semiconductor, industrial
and medical industries. Other Sensotec products include
wireless digital acquisition systems, instrumentation and
digital gauges.
Sensors detect changes in temperature, pressure, speed, or position and are used in hundreds of products that range from portable medical equipment to antilock-brake systems on automobiles.
"Sensotec provides a strong fit with our existing portfolio
of sensors businesses and strengthens our product offerings
in the high-growth pressure sensing segments,” said Alan
Wright, Vice President and General Manager of Honeywell’s
Sensing and Control group. “With Sensotec’s complementary
products and technologies, Honeywell will be able to accelerate
the introduction of high-value products and solutions based
on advanced sensors with embedded intelligence and communications
capability.”
Founded in 1973 and employing more than 200 people, Sensotec,
Inc. is also a leading supplier of telemetry (wireless radio)
based systems for gathering, transmitting and receiving
sensor data from rotating machinery.
“Being part of Honeywell without doubt represents the best
way forward for Sensotec,” said John Easton, Founder and
President of Sensotec, Inc.. “Honeywell has real experience
in applying sensor technology to benefit customers and exciting
ideas about new technologies and future growth.”
Following the close of the acquisition, Sensotec will become part of Honeywell’s
ACS Sensing and Control unit.
Honeywell’s involvement in sensing can be traced back more than 60 years. Today, the company serves sensors customers worldwide in the aviation, information technology, industrial, automotive on-board and consumer appliance industries.
|
