The sellers were funds advised by Pacific Equity Partners and Blum Capital Partners. The transaction is expected to close in the second quarter of 2016 subject to customary closing conditions, including regulatory approvals.
Headquartered in Dublin, Ireland, Xtralis provides aspirating smoke detection solutions to Fortune 500 companies, iconic sites and critical infrastructures worldwide. They are used in data centers, historical buildings, airports, industrial sites and manufacturing facilities to provide very early warning and verification of threats to speed response time and minimize facility damages and potential injuries. The company has approximately 500 employees across Europe, Middle East, Africa, Asia Pacific and the Americas.
*Honeywell is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials.