Honeywell Acquires Sundyne, Adds Pumps, Compressors, Aftermarket Services

In an all-cash transaction, Honeywell agreed to purchase Sundyne from Warburg Pincus for $2.16 billion. Sundyne's aftermarket services and differentiated equipment for process industries will enhance Honeywell's Energy and Sustainability Solutions (ESS) business segment, driving efficiency and supporting its global customer base with their energy security needs.

"The combination of Sundyne and Honeywell will add significant value for our customers, channel partners, and employees—and we're honored to join the Honeywell family," said Sundyne's CEO Mary Zappone. "There are numerous benefits that we can achieve together with Honeywell that will accelerate growth and improve efficiency for customers."

The acquisition follows Honeywell's planned separation of its Aerospace Technologies business and spin-off of the Advanced Materials segment.

Combined Business

Honeywell Universal Oil Products (UOP) will leverage Sundyne’s customer relationships, products, and technology to grow its refining, petrochemicals, LNG, and renewable fuels value chains. Also, the Honeywell Forge software, an Internet of Things platform, will digitalize Sundyne’s equipment to improve reliability, predictive maintenance operations, and the overall product offering. The combined company, with Honeywell’s R&D capabilities, will advance new pumps and compressors development.

Process gas compressor; image credit: Sundyne

"By combining Honeywell's technology with Sundyne's process industry solutions, this acquisition will further enhance our Honeywell UOP business and create strategic growth opportunities in attractive verticals," said Vimal Kapur, Chairman and CEO of Honeywell. "Sundyne's installed base of pumps and compressors will further strengthen Honeywell's brand in the process industry and create opportunities for us to continue expanding our aftermarket services business."

About Sundyne

Sundyne is headquartered in Arvada, CO, and holds additional global locations with approximately 1,000 employees. It also generates notable aftermarket revenue generated with its worldwide installed base. The company designs, manufactures, and offers aftermarket support for its pump and gas compressor portfolio.

"Through the integration of Sundyne's differentiated suite of products and equipment, combined with the process automation capabilities of our Honeywell Forge technology, we will be able to offer our customers a more comprehensive portfolio of solutions to meet their evolving needs," said Ken West, President and CEO of Honeywell's ESS segment.

More Honeywell News

In early October 2024, Air Products completed the sale of its LNG process technology and equipment business to Honeywell for $1.81 billion in cash. Initially announced in July 2024, transactional closing conditions have been met and regulatory approvals received. The divestiture of the LNG process technology and equipment business is strategic, allowing Air Products to focus on its two-pillar growth plan: growing its core industrial gases and related equipment businesses and to deliver clean hydrogen at scale.

Following the closed sale, related assets, manufacturing capability, and personnel associated with the LNG process technology and equipment business were successfully transferred to Honeywell. This includes approximately 475 employees and the coil-wound heat exchanger manufacturing facility in Port Manatee, FL.

And in May 2024, Honeywell and Weatherford worked together on a comprehensive emissions-management solution for upstream operators. By combining Honeywell's emissions management suite with Weatherford's Cygnet SCADA platform, the integrated solution aims to help oil and gas upstream operators track emissions data in near real-time, identify and address potential issues, and meet regulatory requirements.