Honeywell, a technology and manufacturing leader, announced that it has completed its acquisition of Xtralis, a leading global provider of aspirating smoke detection, advanced perimeter security technologies, and video analytics software, for $480 million.
Xtralis aspirating smoke detection solutions protect many Fortune 500 companies, iconic sites, and critical infrastructures worldwide to provide very early warning and verification of threats to speed response time and minimise facility damages and potential injuries, said a statement from the company.
The company will be integrated into Honeywell’s Automation and Control Solution strategic business group, it added.
David Paja, president, Honeywell Security and Fire, said: “The acquisition of Xtralis is a good strategic fit to our current fire detection portfolio and will bring unique capabilities and customer solutions in remote visual verification of fire and intrusion risks, advanced perimeter security technologies, and video analytics software.”
“This acquisition helps us expand our critical infrastructure protection (CIP) business and will help enable strong growth in the coming years,” he added. – TradeArabia News Service
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