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Honeywell Acquires Transnorm, Completes Garrett Motion Spin-Off

Peter Neil
Honeywell Acquires Transnorm, Completes Garrett Motion Spin-Off

On October 1, Honeywell (HON) announced in a press release that it had entered into an agreement to acquire Transnorm. For this acquisition, HON will pay 425 million euros to IK Investment Partners. Transnorm has a significant presence in Europe.