Honeywell announces acquistion of Transnorm for $492.8 million

Honeywell announced today that it has signed an agreement to acquire privately held, warehouse automation business Transnorm for approximately €425 million ($492.8 million) from IK Investment Partners.

Technology in the News

Cobot rings bell at New York Stock Exchange
IFR: Global industrial robot sales doubled over the past five years
Honeywell integrates voice technology into SAP Business One
DB Schenker collaborates with IAM Robotics to develop ‘The Warehouse of the Future’
Other Voices: Planning and technology can reduce disaster risk
More Technology News

Technology Resource

Special Digital Issue: The State of Materials Handling Automation
Warehouse and distribution center managers have never been under more pressure to transform their operations through the application of software, automation and new thinking aimed to streamline processes and keep pace with customer demands.
All Resources
By ·

Honeywell announced today that it has signed an agreement to acquire privately held, warehouse automation business Transnorm for approximately €425 million ($492.8 million) from IK Investment Partners.

Transnorm is a provider of engineered conveyor solutions that quickly and efficiently transport products and packages for premier e-commerce and parcel delivery customers.

Transnorm has an installed base of 160,000 units and a large and growing aftermarket parts and services business. About 60 percent of Transnorm’s annual sales are generated in Europe. The company’s annual sales are approximately €100 million and are on track to grow by more than 30 percent in 2018.

  • Honeywell will acquire Germany-based Transnorm for approximately €425 million

  • Transnorm’s material handling solutions complement the Honeywell Intelligrated warehouse automation business

The transaction is expected to close in November, subject to customary closing conditions, including regulatory review. Upon approval, Transnorm will be part of Honeywell’s Safety and Productivity Solutions segment.

“Faced with rising e-commerce demands, distribution centers and parcel delivery providers are looking to automation solutions to improve productivity, speed and accuracy,” said John Waldron, president and CEO of Honeywell Safety and Productivity Solutions.

“Transnorm complements our portfolio of automated material handling equipment and supply chain software to enable us to deliver our vision of the connected distribution center to our customers. It also substantially enhances our presence in the European market.”

This acquisition strengthens Honeywell’s presence in the warehouse automation market, which is growing at a double-digit pace driven by growth in e-commerce. Honeywell entered the market in 2016 with the acquisition of Intelligrated, a leading provider of automated material handling solutions and software.

Honeywell’s warehouse and logistics business also includes highly complementary technologies including voice-directed workflow solutions, advanced mobile computing hardware and software, and FLUX warehouse management software that powers connected distribution centers.

Transnorm is a leader in curved conveyor systems, and their patented, high-performance curved conveyors transport products for some of the largest parcel delivery providers in Europe. Transnorm also manufactures booms, which are moveable conveyor systems used to load parcels onto trucks and trailers. Headquartered in Harsum, Germany, the company employs more than 500 people.


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

Automation · Honeywell SPS · Transnorm · · All Topics
Latest Whitepaper
Special Digital Issue: The State of Materials Handling Automation
Warehouse and distribution center managers have never been under more pressure to transform their operations through the application of software, automation and new thinking aimed to streamline processes and keep pace with customer demands.
Download Today!
From the October 2018 Modern Materials Handling Issue
Simplification and consolidation drove the design of a new 1.1-million-square-foot logistics campus in Georgia, including a 713,000-square-foot distribution center.
New order fulfillment system optimizes spare parts operation
Upgrade to LED industrial lighting creates cost savings
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Modern Materials Handling’s Annual Pallet Report
The results of Modern's annual survey of pallet users shows they are highly motivated to find savings and more sophisticated services from their pallet providers. In this exclusive Webcast, we'll examine how Modern's readers are revisiting their assumptions about pallet usage and pallet providers’ offerings.
Register Today!
EDITORS' PICKS
System Report: Luxottica keeps it simple
Simplification and consolidation drove the design of a new 1.1-million-square-foot logistics campus...
Goya Foods’ secret ingredient: Lift trucks
The leader in Hispanic food and beverage products puts a variety of lift trucks and racks to work in...

Arvato SCM Solutions: Fashion Logistics
At its Hannover, Germany, facility, e-commerce logistics provider Arvato SCM Solutions is using...
S.narendrakumar & Co. Automates Its Operations
With two automated storage and retrieval systems, the manufacturer of India’s best-selling brand...