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HomeSecurity CamerasCCTVHoneywell Building Solutions On the Market: WSJ

Honeywell Building Solutions On the Market: WSJ

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HONEYWELL wants to sell its Building Solutions business, which manufactures automation, sensing and security technologies for homes and commercial buildings, according to the Wall Street Journal. WSJ puts a value of $US3-4 billion on the business.

Honeywell has hired Goldman Sachs to assist, WSJ reported. The news comes a day after Honeywell confirmed it had held deal talks over the past 12 months with United Technologies Corp about a possible merger.

"We do not comment on market rumour or speculation," said Honeywell Vice President External Communications Rob Ferris in response to the reports.

Honeywell Security and Fire, which is completely independent from HBS, is not thought to be part of the speculated sale. ♦

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SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

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