Honeywell: agreement to acquire Sparta Systems
(CercleFinance.com) - Honeywell announces an agreement to acquire unlisted Sparta Systems, a provider of enterprise quality management software for life sciences, from New Mountain Capital for 1.
3 billion dollars in cash.
“The acquisition further strengthens Honeywell's leadership in industrial automation, digital transformation solutions and enterprise performance management software” explained the group.
The transaction, which is subject to regulatory authorisation and the other usual conditions, should be finalised towards the end of the first quarter of 2021. It does not affect the group's financial objectives for the year ending.
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