Honeywell has completed its acquisition of warehouse automation solutions provider Transnorm. It acquired the Harsum, Germany-based Transnorm from IK Investment Partners for approximately €425 million in a deal that was announced in October.
Transnorm is a global leader in high performance conveyor solutions that are used in diverse end markets such as the parcel delivery, e-commerce fulfilment and airport industries.
Transnorm will be part of Honeywell Safety and Productivity Solutions (SPS) and will complement its Honeywell Intelligrated business.
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