Honeywell is set to split into three independent companies, including its automation and aerospace technologies, as a move to enhance agility and growth. This strategic decision follows similar past moves from other industrial giants like General Electric. The separation comes after significant investment pressure from Elliott Management, which holds a large stake in Honeywell. Such restructuring aims to create tailored growth strategies for each entity, with plans for the advanced materials business spinoff to be completed soon, while the separation of aerospace and automation is expected by 2026.
The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies.
Honeywell has been seeking ways to make itself more nimble, with plans for business spinoffs and strategic acquisitions since earlier this year.
The separation of the automation and aerospace technologies businesses is expected to be completed in the second half of 2026.
Elliott Investment Management revealed a stake of more than $5 billion in Honeywell, advocating for the separation of its automation and aerospace businesses.
#honeywell #corporate-strategy #business-spinoff #elliott-investment-management #industrial-companies
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