Can any confirm if this is rumor or fact?
8 replies (most recent on top)
We have an M&A department. Of course we are trying to buy new companies and divest in underperforming areas. Also vk said during numerous meetings that he wants to move the company in a technology direction. Even not being in the know, it would make sense that this is standard operation for a company as large as Honeywell. This is biz 101. As far as which companies? Only people at the top would know and I doubt they are posting on here.
They brutally roped the former Com Dev in Cambridge Ontario.
This company is so ridiculous, I worked in HGAS portfolio for 4 years and never came across Elster, so much disconnect and chaos. What an absolute joke Honeywell is.
They have ki-led RAE and BW too.
I only talk to a couple of people left in SPS and they tell me it will implode in the next 2 years, customers are looking for any way out possible.
Some good money to be made if you just develop even only one of the niche products in the safety business that is currently only serviced by dated legacy Honeywell products.
I know of a company that told them to f#ck off, they didn't want to see what they had built torched!
@dwf
Sounds like the exact strategy that they used with North, Intelligrated, and a few other companies. If Honeywell buys your company and you have other options, get the heck out.
Exactly right. Take a look at Elster. Bought it, forced the Honey Badger methodologies onto it, let the best people exit and destroyed it
That has been their business model for a while now, they are trying to copy others success except they are sh1t at it and getting worse.
They do it all the time. Buy some company, take patents and knowledge, force honeyhell methodology, fire people with most knowledge, ki-l the bussiness, RIF everybody. And continue with other prey.