CHARLOTTE, N.C. — Honeywell has signed an agreement to acquire a majority stake in Fiplex Communications Inc.
"We are looking to reshape how communications and connectivity within buildings work,” said Vimal Kapur, president and chief executive officer, Honeywell Building Technologies. “The addition of Fiplex's products and software allows us to move toward creating the next generation of fire and life safety solutions to keep both building occupants and first responders safer. The Fiplex team brings superior engineering talent and unique capabilities for wireless communications that will enable us to enhance our in-building communications offerings and complement our innovative, industry-leading solutions."
"Honeywell has long demonstrated leadership in the fire and life safety industry, and we are pleased to join their team," said Matias de Goycoechea, chairman and chief technology officer, Fiplex. "We look forward to working with Honeywell to expand our technological advancements and to support the creation of better-connected buildings."
Terms of the investment were not disclosed, and there is no change to Honeywell's financial outlook as a result of the acquisition. The acquisition is pending customary deal closing conditions.