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The industrial giant Haniole (Hoon) will be smaller.
Haniole ended the months of speculation on Thursday by announcing that it will be divided into three listed companies: HoneyWell Automation and Honeyweell Aerospace and advanced materials. The automation work will continue to focus on building this technology, while Aerospace is intended for technology to take a cockpit. Advanced materials cover sectors such as health care.
The separation is expected to occur in the second half of 2026.
“The formation of three leading independent companies in the industry depends on the strong basis that we created, and put each of them to follow the designed growth strategies and cancel a large value of the shareholders and customers,” Vimal Kapoor said in a statement.
Haniole’s shares fell more than 4 % early on Thursday as investors digested news.
For Kapoor and HoneyWell, the news is a crucial moment.
Kapoor joined Haniole in 1989, where he rose in the ranks of construction automation and assumed the position of CEO in June 2023. He added the president’s role in June 2024.
He was jumping in a comprehensive reform process for a root company in the field of thermostat, dating back to 1886. Haniole became a huge institution through contracts of acquisitions, starting from 1999 Integration with the allies signal.
At a time when industrial clumps are no longer bonus with high size savings, Kapoor said in October 2024 that Haniole would do. She revolves around her advanced material work. The new public company is scheduled to start trading at the end of 2025 or early 2026, and it reaches about $ 3.8 billion of annual revenue.
This came after the successful separation of the industrial legend General Electric (GE) in 2024 to three independent companies.
“I think the biggest change that I lead is how we make it a company directed towards growth. Part of this is how we convert our portfolio so that it is naturally focused on the final markets-products directed towards growth, but also we change us Kapoor at the World Economic Forum (WEF) in Late January.
He said at the time that a decision will be revealed regarding the fate of Haniole on February 6.
The operational turmoil in Haniole comes amid pressure from the active investor Elliot Manjint, which is about $ 5 billion. The company revealed its investments in November.
“Through today’s procedure, Haniole will separate its automation and satellite companies to a leading market institution on the verge of continuing growth and creation of value,” said Mark Steinberg, Elliot’s partner and administrative partner, Jesse Cohen, in a statement. The light movement that this chapter enables will allow the opportunity to improve operational improvement and evaluation assessment. “
