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Honeywell, one of the few remaining US industrial conglomerates, will split into three companies

Honeywell will split into three companies, separating its automation and aerospace sectors, with the plan to be finalized by the end of 2026, pending regulatory approvals.
Honeywell Automation is expected to maintain at least $18 billion in revenue and focus on software and artificial intelligence solutions.
Honeywell Aerospace made $15 billion in revenue in 2024 and aims to develop advanced aviation technology, including electrification and autonomy of flight.
The split is influenced by pressure from Elliott Investment Management, which called for the breakup last year, according to The Wall Street Journal.

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Bloomberg

The Conglomerate Model Works Very Well – Until It Doesn't

Honeywell is the latest conglomerate to break up. But for all the bashing of the model, the general idea — namely stability through diversification — still persists.

16 days ago·United States

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Manufacturing Dive

Honeywell to spin off aerospace and automation businesses

The industrial manufacturer is also separating its advanced materials portfolio as the company looks to streamline its offerings.

16 days ago

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USA Today

Industrial giant Honeywell announces split into 3 companies after investor pressure

Honeywell, one of the last remaining American industrial giants, announced it will split into three companies Thursday after investor pressure.

16 days ago·United States

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thedailyupside.com

Honeywell Becomes Latest of America’s Vanishing Big Industrial Conglomerates to Split

Being an industrial conglomerate isn’t what it used to be. The Charlotte-headquartered Honeywell announced plans to spin off its aerospace and automation businesses into separate entities on Thursday, adding to a previous plan to hive off its advanced materials unit. Now comes a second wave of pressure to unlock value from the parts that once made up the whole. All Things Must Pass For decades, the industrial conglomerate was an icon of America…

16 days ago

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tfppwire.com

One of America’s Last Major Industrial Conglomerates to Break Itself Into Three Separate Companies

Iconic American manufacturer Honeywell plans to break itself into three separate, publicly traded companies, aiming to streamline operations and address longstanding shareholder pressure. Key Facts: Honeywell will spin off its aerospace and automation divisions, as well as the advanced materials unit it had previously announced. Elliott Management, an activist investor with a $5 billion stake, encouraged a more significant split. Honeywell’s sh…

16 days ago

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Queen City News

Honeywell split will break up one of last American conglomerates

CHARLOTTE, N.C. (QUEEN CITY NEWS) -- Charlotte-based Honeywell has announced it will be splitting into three companies -- one focused on advanced materials production, another on industrial and building automation, and another on the aerospace industry. The company, which initially announced its move to uptown in 2018, is known as one of the last remaining conglomerates in the country. It makes products ranging from eye solution to engines for …

16 days ago

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