Honeywell has completed its acquisition of warehouse automation solutions provider Transnorm.
Honeywell acquired the Harsum, Germany-based Transnorm from IK Investment Partners for approximately €425 million in a deal revealed in October. Transnorm is a global leader in high performance conveyor solutions that are used in diverse end markets such as the parcel delivery, e-commerce fulfilment and airport industries.
Transnorm will be part of Honeywell Safety and Productivity Solutions (SPS) and will complement its Honeywell Intelligrated business. Intelligrated, which Honeywell acquired in August 2016, delivers automation solutions, warehouse execution system software and services to more than 60 of the top 100 global retailers and half of the top 100 internet retailers.
“Transnorm is an excellent addition to our portfolio of warehouse automation solutions, and will help us better support European distribution centres and parcel delivery providers that are responding to significant e-commerce growth,” said John Waldron, president and CEO of Honeywell SPS. “Our Connected Distribution Center offering delivers higher throughput, greater flexibility and better visibility into real-time operations to give our customers the ability to make better business decisions.”
Transnorm has more than 500 employees and has additional manufacturing sites in Bangkok, Thailand, and Arlington, Texas.