Honeywell to Acquire Sundyne for $2.16 Billion to Boost Energy Sector

BENGALURU, India — Honeywell International announced on March 4, 2025, that it will acquire pump manufacturer Sundyne from private-equity firm Warburg Pincus for $2.16 billion in cash. This strategic move aims to strengthen Honeywell’s energy business as it prepares for a planned three-way corporate split.

The acquisition comes as part of CEO Vimal Kapur‘s initiative to bolster Honeywell’s presence in the aviation, automation, and energy sectors while divesting unrelated assets. Kapur emphasized that Sundyne’s products will significantly enhance Honeywell’s offerings in the energy and petrochemical sectors, particularly in aftermarket services.

“This acquisition will not only diversify our portfolio but also immediately contribute to sales growth and adjusted earnings per share in the first full year,” Kapur stated. He highlighted the expected benefits to the company’s segment margin following the merger.

Warburg Pincus originally acquired Sundyne in 2020 from funds advised by BC Partners Advisors L.P. and the Carlyle Group. The sale marks a pivotal moment in Honeywell’s broader strategy to optimize its core operations and expand in high-growth areas.

The deal is anticipated to close in the second quarter of 2025, pending regulatory approvals. According to Honeywell, the integration of Sundyne’s equipment will accelerate the company’s growth trajectory in the energy space, aligning with their long-term objectives.