Honeywell buying controls company
Honeywell is purchasing Saia Burgess Controls for $130 million.
The company is buying the building controls maker from Hong Kong-based Johnson Electric. Saia’s products include touch-screen panels, counters and timers for HVAC use as well as energy-management systems.
The Switzerland-based Saia will be made part of Honeywell’s environmental and combustion controls division, officials said.
“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 the Honeywell environmental and controls division. “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.”
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