Honeywell acquires Saia Burgess Controls
MINNEAPOLIS — Honeywell has agreed to acquire Saia Burgess Controls, a leading provider of intelligent building controls, from Hong Kong-based Johnson Electric for $130 million, the company announced today.
Saia Burgess Controls'' products and solutions include programmable controllers, touch-screen panels, electrical submeters, counters and timers for use in HVAC applications, energy management systems and machine and infrastructure controls.
With 2011 sales of $93 million, Saia Burgess Controls enhances Honeywell''s intelligent building controls portfolio, which includes recently acquired INNCOM, as well as the Alerton, Centraline, E-MON, Trend, Novar Controls, Phoenix Controls and Tridium brands. Based in Murten, Switzerland, Saia Burgess Controls has more than 300 employees and serves customers throughout Europe through a network of more than 500 system integrators.
"Saia Burgess Controls'' innovative products enhance Honeywell''s portfolio of commercial controls and energy efficiency technology and builds on our expertise in open control systems," said Beth Wozniak, president of Honeywell’s Environmental and Combustion Controls business. "In addition, its commitment to the system integrator channel — a sales channel we also support — is a great fit for us. We expect to drive growth through cross-selling opportunities and by leveraging Saia Burgess Controls'' offerings into our other channels."