Diversified manufacturer Honeywell (NYSE:HON) has completed its acquisition of a global manufacturer of fixed and portable gas and radiation detection systems and software for $340 million, the company announced yesterday.
RAE Systems, which offers a full line of personal, hand-held sensing and detection devices for the government, oil and gas, industrial and emergency response industries, will be integrated into Honeywell Analytics, which is part of Honeywell Life Safety within Honeywell Automation and Control Solutions. RAE's products are used in more than 120 countries by corporations and government agencies.
Honeywell Analytics President Carl Johnson said: "Adding RAE Systems to our gas detection business shows our continued commitment to provide a very compelling value proposition for our customers who will benefit from a comprehensive product line and unrivalled technologies."
Based in Morris Township, N.J., Honeywell is a diversified technology and manufacturing company serving the aerospace, industrial, and consumer markets. It had $37.7 billion in revenues for the 12-month period ending March 31.
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