fbpx
20.9 C
Sydney
Monday, November 25, 2024

Buy now

  • HID SIGNO
  • HIKVISION AX PRO
  • HIKVISION NVR
HomeSecurity CamerasCCTVHoneywellS Big European Push

HoneywellS Big European Push

Category:
20.9 C
Sydney
20.7 C
Brisbane
20.8 C
Canberra
8.7 C
Melbourne

RECOMMENDED

WEATHER

Sydney
scattered clouds
20.1 ° C
21 °
18.7 °
80 %
0.9kmh
45 %
Sun
21 °
Mon
25 °
Tue
27 °
Wed
29 °
Thu
27 °

Latest Articles

STAY CONNECTED

2,458FansLike
1,477FollowersFollow
0FollowersFollow
Bookmark
Page is Bookmarked

IBS will be folded into Honeywell’s Automation and Control Solutions (ACS) division, which includes Honeywell Security. With 2003 revenues of $1.2 billion, IBS makes up the crux of Novar’s profits.

<?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” />

IBS, one of the leading security product suppliers in Europe and parts of southern Asia, supplies electrical, electronic and control products including burglar and fire alarm systems.

“Honeywell has a long heritage in providing premier integrated security, fire and building controls products and services. We see great opportunities in this business, and the integration of Novar’s highly complementary products, services and expertise clearly enhance those prospects,” Honeywell Chairman and CEO David Cote said in a statement.

The IBS unit is the main thrust of the acquisition, as Honeywell says it plans to later divest Novar’s other business units: metal extrusion company Indalex Aluminum Solutions and contract and personal check printer Security Printing Services.

AUTHOR

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here