Honeywell International Inc., based in Morris Plains, NJ, USA has signed an agreement to acquire the TRANSNORM Group.
TRANSNORM will complement the Honeywell Safety and Productivity Solutions (SPS) business that already serves many of TRANSNORM’s existing customers with automated material handling equipment, software and services to improve productivity and accuracy for distribution centers.
With a global presence for nearly 50 years – initial successes were established in the Airport baggage handling industry, installing high performance conveyor modules at over 300 Airports worldwide, including each of the top 30. A rapidly developing Parcel market also led to positive project deliveries with major players across multiple continents.
Building on these achievements, in recent years TRANSNORM has been successful in pursuing a defined strategy concentrated around further internationalization, continued product innovation and the expansion of aftermarket services. Increases and a widespread drive towards the incorporation of automated technologies used within the parcel, e-commerce and distribution industries have led to continued growth to date along with increased production capacity.
TRANSNORM is well positioned to build upon this with its latest initiatives. With ever increasing Parcel throughput due to rises in e-commerce – TRANSNORM Singulation Concept (TSC) assists in bulk parcel handling whilst TRANSNORM Sorting Modules (TSM) offers smaller sites with a scalable, modular portfolio.
Gary Cline, Management Board of TRANSNORM Group outlined: “Over the past four years, our global team has worked to more than double our Group revenue and nearly triple Group profit. We have invested heavily into R&D, including co-development of new products and solutions with some of our top customers. This exciting acquisition will allow us to combine the strength of our experience with the resources, expanded portfolio, and process excellence of Honeywell.”
Sidy G. Diop, Management Board of TRANSNORM Group, said on the agreement: “We have expanded our international footprint, strengthened our relationships with customers and completed a synergetic add-on acquisition with SOVEX which expanded our product offering with telescopic boom conveyors. We now look forward to working with Honeywell to further build on this success.”
Eduard Sworski, Management Board of TRANSNORM Group added: “As Henry Ford once said; ‘only those who are successful have the exact skills required by the market’. Transnorm has proven over almost 50 years to have and continuously improve on exactly those skills. We are very confident that through the acquisition by Honeywell these capabilities will be accentuated even more and make TRANSNORM even more successful.”