Honeywell Agrees To Acquire CAES Systems Holdings LLC From Private Equity Firm Advent International For ~$1.9B In An All-Cash Transaction
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Honeywell has agreed to acquire CAES Systems Holdings LLC from Advent International for approximately $1.9 billion in an all-cash transaction. The acquisition is expected to be accretive to adjusted earnings per share in the first full year and is anticipated to close in the second half of 2024.
June 20, 2024 | 11:07 am
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Honeywell has agreed to acquire CAES Systems Holdings LLC for $1.9 billion in an all-cash transaction. The deal is expected to be accretive to adjusted earnings per share in the first full year of ownership and is anticipated to close in the second half of 2024.
The acquisition of CAES Systems Holdings is a significant move for Honeywell, adding 2,200 employees and advanced RF engineering capabilities. The deal is expected to be accretive to adjusted earnings per share in the first full year, indicating a positive financial impact. The transaction is not subject to financing conditions, reducing uncertainty around the deal's completion.
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