Honeywell International Inc.
) expanded its management control systems offerings with the
acquisition of INNCOM, a Connecticut based manufacturer of advanced
software-based energy management solutions and in-room controls for
lodging, healthcare and educational institutions. Lodging industry
has expanded widely throughout the world, especially in the Middle
East, India and Asia Pacific. INNCOM offers to its customers a wide
range of hotels starting from mid-scale hotels to five-star luxury
properties, including Hilton, Sheraton, Hyatt, St. Regis, Four
Seasons, Radisson, Kimpton and several others.
Honeywell's Environmental & Combustion Controls (ECC)
business, a part of Honeywell Automation and Control Solutions
(ACS), will incorporate INNCOM. The business provides a complete
range of energy solutions. With this acquisition, the company will
provide energy management solutions to hotels, hospitals and
educational institutions, enabling them to reduce their energy cost
and enhance operational efficiency.
The offerings from INNCOM enhance the look of guest rooms and
common areas while providing energy efficiency. Further, the system
offerings control temperature and humidity, manage energy, control
lighting and drape, provide on-line electronic lock control, and
enhance operating efficiency of housekeeping, security, operations
and management staff. In 2011, INNCOM generated total revenue of
The acquisition is a strategic fit for Honeywell, complementing
its integrated HVAC, lighting controls and energy management
offerings. Substantial benefit will be derived from the combination
of INNCOM's global dealer network and Honeywell's contractor-dealer
and direct sales channels, providing a complete solution to the
Honeywell International is a diversified technology and
manufacturing company serving customers worldwide with aerospace
products and services, control, sensing and security technologies
for buildings, homes and industry, turbochargers, automotive
products, specialty chemicals, electronic and advanced materials,
process technology for refining and petrochemicals and energy
efficient products and solutions for homes, business and
The major competitors of Honeywell are
United Technologies Corp.
Johnson Controls Inc.
Honeywell currently has a Zacks #2 Rank (Buy recommendation)
over the next one-to-three months.
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