Honeywell, one of the last US industrial parties, will be divided into three independent companies, as manufacturing follows in the footsteps of the giants. General Electric And Alkova.
The company said Thursday that it would be separated from its automation and aerospace technologies. Earlier, Honeywell will consist of three small companies in Honeywell, including plans announced to eliminate their advanced content business.
Honeywell Chairman and CEO Wemal Kapoor said in a statement, “The formation of three independent, industry -leading companies is based on the powerful foundation we have created, to advance the development strategies. The position is in place, and the significant price for the shareholders and consumers is unlock. “
Honeywell It was said in December that he was considering removing his aerospace division. Elite Investment Management reached a public announcement almost a month after Revealed at a stake More than $ 5 billion in aerospace, automation and material company. Elite was pushing for Charlotte, North Carolina, the company to separate its automation and aerospace business.
The Honeywell International Inc. Board was previously looking for strategic options for the company in 2024.
The company, which creates everything from eye solutions to barcode readers, is looking for ways to make itself even more. Over the past year and a half, after the CEO of Kapoor, Honeywell has announced plans for Advanced Materials Business Spin of the Business Off, he has contracted to sell his personal safety equipment business, and multiple acquisitions What are
The separation of the business of automation and aerospace technologies is expected to be completed in the second half of 2026. By the end of this year or early next year, the advance of advance materials will be completed.
Like Honeywell, other US gatherings have also been pressured by shareholders to make their structure easier, so that each section of the company is more independently moving and adapting to changes in their respective markets Can be allowed.
Famous CEOs like General Electric’s Jack Welch spent the corporate American Beheimotis with the belief that power came to power. Still, these large -scale companies were forced to compete with a tight focus and a clearly described set of goals with up starts.
Investors also wanted a clear view of priorities in each division, which became more ridiculous with the growing companies.
Metal maker in 2015 Banner He said he was being divided into two independent companies, separating his boxite, aluminum and casting operations from his engineering, transportation and global rolled products.
GE announced in 2021 that it was distributing itself to three public companies that focus on aviation, health care and energy. At the time, the move was seen as a possible signal to end the gatherings thanks to the move towards the digital economy.
The shares declined by about 3 % before the market opened on Thursday.
