Honeywell to separate Automation and Aerospace businesses
Honeywell has announced that it will be splitting its Automation and Aerospace businesses into independent companies.
The Honeywell Board of Directors has completed a business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur, and intends to pursue a full separation of the companies. The planned separation, coupled with the previously announced plan to spin off its Advanced Materials division, will result in three publicly listed companies with distinct strategies. The separation is intended to be completed in the second half of 2026.
“The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers,” Kapur said. “Our simplification of Honeywell has rapidly advanced over the past year, and we will continue to shape our portfolio to create further shareholder value. We have a rich pipeline of strategic bolt-on acquisition targets, and we plan to continue deploying capital to further enhance each business as we prepare them to become leading, independent public companies.
“Building on decades of innovation as its heritage, 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 for our customers,” he added. “As a standalone company with a simplified operating structure and enhanced focus, Honeywell Automation will be better able to capitalise on the global megatrends underpinning its business, from energy security and sustainability to digitalisation and artificial intelligence.”
With Honeywell Automation, the company says it aims to be the global leader of the industrial world’s transition from automation to autonomy, with a comprehensive portfolio of technologies, solutions and software to drive productivity. Honeywell Automation will maintain global scale, with 2024 revenue of US$18 billion.
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