Honeywell (NYSE: HON) is to acquire Sparta Systems, a provider of enterprise quality management software (QMS), for $1.3 billion in an all-cash transaction from New Mountain Capital.
The acquisition is expected to close by the end of the first quarter of 2021 and is subject to certain regulatory approvals and other customary closing conditions.
Led by Dana Jones, chief executive officer, Sparta Systems is a provider of enterprise quality management software (QMS), including a next-generation SaaS platform, for the life sciences industry. Headquartered in Hamilton, N.J., the company has approximately 250 employees globally. Sparta serves more than 400 customers, including 42 of the world’s top 50 pharma companies and 33 of the top 50 medical device companies.
The acquisition further strengthens Honeywell’s leadership in industrial automation, digital transformation solutions and enterprise performance management software. Honeywell will leverage its global presence, Honeywell Forge and Sparta’s expertise to introduce new, integrated solutions, including QMS offerings, for life sciences and adjacent industries.
The company will continue to enhance TrackWise Digital QMS by adding AI and machine learning capabilities that augment human decision making and will also add new IoT-enabled connectivity between quality and operational data to detect manufacturing anomalies and triage quality events in near real time.
Honeywell is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Its technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected.
FinSMEs
29/12/2020