Honeywell has announced an agreement to acquire Saia-Burgess Controls from Hong Kong-based Johnson Electric for $130 million.
Saia-Burgess Controls’ products and solutions include programmable controllers, touch-screen panels, electrical submeters, counters and timers for use in HVAC applications, energy management systems and machine and infrastructure controls.
These products and solutions enable multiple technologies to be operated and managed on a single device, such as a Web browser, simplifying and improving building management and automation for commercial and industrial enterprises.
The transaction is expected to close by the end of January 2013 following customary regulatory reviews.
The acquisition expands Honeywell’s energy controls presence in Austria, Germany and Switzerland.