MINNEAPOLIS - Honeywell announced that it has acquired Tridium Inc., a privately held software development company based in Richmond, Va., with subsidiaries in London and Singapore. Tridium will continue to operate as a separate business entity within Honeywell's Environmental and Combustion Control (ECC) business. Financial terms were not disclosed.
"By joining forces, we will be much more effective in serving both Tridium's and Honeywell's original equipment manufacturer and system integrator customers," said Andreas Kramvis, Honeywell ECC president. "Honeywell is extremely impressed with Tridium's technology, talent, and business model. They have developed a software platform that cuts through the barriers of operating multiple systems and devices by providing easy, real-time communication between devices in homes, commercial buildings, and industrial applications. We don't know of anyone else offering such cutting-edge device-to-device communications and data gathering capabilities."