Business

Eight major Honeywell moves highlight company transformation

Stories by Charlotte Observer journalists, with AI summarization

This collection of stories tracks Honeywell's recent growth through acquisitions and strategic restructuring.

Honeywell bought Compressor Controls Corporation to add oil and gas technologies, and finalized plans to acquire Carrier’s Global Access Solutions business to boost digital security offerings. The company also struck a $1.9 billion deal to acquire CAES Systems Holdings, adding electromagnetic defense solutions and radio-frequency engineering to its aerospace capabilities.

Honeywell bought Air Products’ liquefied natural gas technology for $1.8 billion to strengthen its energy transition portfolio. The company agreed to purchase Johnson Matthey’s catalyst technologies business for $2.4 billion to expand energy and sustainability solutions. Honeywell announced it will split into three independent companies, placing automation, aerospace, and advanced materials as separate standalone entities under the Honeywell brand starting in 2026. In leadership news, Vimal Kapur stepped in as CEO, succeeding Darius Adamczyk.

Read the stories below.

Honeywell CEO Darius Adamczyk, Gov. Roy Cooper and Mayor Vi Lyles at the grand opening of Honeywell’s uptown headquarters in December 2021. The company settled charges of foreign bribery with the U.S. Department of Justice and U.S. Securities and Exchange Commission.

NO. 1: HONEYWELL PICKS A TOP EXECUTIVE TO BE NEW CEO AT THE MANUFACTURING COMPANY

The Charlotte-based electronics manufacturing giant tapped one of its top executives to replace CEO Darius Adamczyk as of June 1. | Published March 14, 2023 | Read Full Story by Catherine Muccigrosso

Charlotte-based Honeywell is set to acquire security operations from Carrier, Florida-based company.

NO. 2: HONEYWELL’S LATEST EXPANSION IS $670M DEAL FOR IOWA COMPANY IN OIL AND GAS INDUSTRY

Compressor Control Corporation provides turbomachinery used in gas processing, refining and petrochemical | Published April 26, 2023 | Read Full Story by Gordon Rago

Honeywell, which is headquartered in Charlotte, agreed to settle a foreign bribery scheme with the U.S. Department of Justice and U.S. Securities and Exchange Commission.

NO. 3: HONEYWELL TO BUY SECURITY COMPANY IN $5B DEAL, IN LATEST BUSINESS REALIGNMENT MOVE

The deal between Honeywell and Carrier was announced Friday | Published December 8, 2023 | Read Full Story by Chase Jordan

Honeywell will add 2,200 workers from its $2 billion acquisition of CAES Systems Holdings.

NO. 4: HONEYWELL EXPANDS AGAIN, BUYS DEFENSE TECHNOLOGY COMPANY IN $2 BILLION DEAL

This is the Charlotte-based company’s third major acquisition this year. | Published June 20, 2024 | Read Full Story by Cooper Metts

Honeywell to acquire Air Products’ technology and equipment business to produce liquefied natural gas. The deal is for $1.8 billion. By Scott Ritchie

NO. 5: HONEYWELL NOTCHES ANOTHER BILLION-DOLLAR EXPANSION. THIS TIME ITS FOCUS IS ON ENERGY.

The $1.8 billion deal will increase Honeywell’s energy capabilities for customers worldwide | Published July 10, 2024 | Read Full Story by Chase Jordan

Honeywell will add 2,200 workers from its $2 billion acquisition of CAES Systems Holdings.

NO. 6: IN MAJOR MOVE, HONEYWELL TO SPLIT INTO THREE COMPANIES. NOT ALL WILL REMAIN IN CHARLOTTE.

Honeywell moved its global headquarters to Charlotte in 2018. | Published February 6, 2025 | Read Full Story by Catherine Muccigrosso

Honeywell to acquire Air Products’ technology and equipment business to produce liquefied natural gas. The deal is for $1.8 billion. By Scott Ritchie

NO. 7: HONEYWELL EXPANSION SPREE CONTINUES WITH $2.4B DEAL TO BUY PART OF UK COMPANY

The Charlotte-based company has closed on $11 billion in acquisitions over the last two years. | Published May 22, 2025 | Read Full Story by Catherine Muccigrosso

Honeywell to acquire Air Products’ technology and equipment business to produce liquefied natural gas. The deal is for $1.8 billion. By Scott Ritchie

NO. 8: HONEYWELL CONTINUES EXPANSION, FINALIZES $2B DEAL FOR COLORADO MANUFACTURER

The Charlotte-based Fortune 500 company is in the midst of reconfiguring its business operations. | Published June 10, 2025 | Read Full Story by Sydney Sasser

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.