Honeywell announced on June 9 that it has acquired Sundyne, one of the energy industry’s leading pump and compressor manufacturers, for $2.16 billion in an all-cash deal from private equity firm Warburg Pincus.
This acquisition follows Honeywell’s ongoing corporate reorganization, prompted by activist investor Elliott Investment Management last November. The deal adds approximately 1,000 skilled employees and expands Honeywell’s customer base, reinforcing its presence in the energy sector.
Sundyne produces a wide range of pumps and compressors essential to all stages of the energy industry, including production, pipeline transport, and gas and crude processing. Honeywell views Sundyne’s portfolio as a strategic complement to its Honeywell Forge platform, which offers automation and control system solutions.
“Integrating Sundyne’s differentiated products with Honeywell’s advanced technology and R&D capabilities positions us for significant growth,” said Ken West, CEO of Honeywell’s Energy and Sustainability Solutions division. “This acquisition strengthens our end-to-end process technology and critical equipment offerings, enabling us to deliver enhanced solutions to our customers.”
The acquisition is part of Honeywell’s broader restructuring efforts initiated after Elliott’s $5 billion investment and recommendation to split the company to sharpen business focus. In February 2025, Honeywell announced plans to divide into three publicly traded companies specializing in automation, aerospace technologies, and advanced materials.
Since 2023, Honeywell has invested $13.5 billion in acquisitions aimed at driving growth while streamlining its portfolio, signaling a strategic transformation to adapt to evolving market demands.