Honeywell Acquires Elster

Jan. 3, 2016
Elster’s gas heating and gas, water, and electricity metering businesses should add close to $2 billion in annual sales.

Honeywell has moved further into the home and building energy management arena with its acquisition of Elster, a global leader in gas heating, controls, metering and advanced technology. The acquisition was finalized on December 28.

Elster’s water and electricity metering business, along with part of its gas business, will become part of Honeywell’s Environmental & Energy Solutions (E&ES) business, a global business that produces residential and commercial building controls that help keep millions of homes, commercial buildings and industrial facilities comfortable and energy efficient.

E&ES is a global business unit of Honeywell Automation and Control Solutions. E&ES provides residential, commercial and industrial solutions for energy efficiency, water conservation, and water and air quality to customers around the world.
Quote from Tim Darkes, president, Honeywell Environmental & Energy Solutions:
“I would like to welcome Elster employees to Honeywell Environmental & Energy Solutions.  It brings outstanding people, technology and a global base of utility customers to augment Honeywell’s energy, home and buildings products and solutions. Elster’s position in smart meters is a strong fit with our connected homes and buildings strategy, and our combined combustion product portfolio makes us a leading global provider of industrial combustion components and systems. Together, our goal is to continue to introduce innovative new products for our customers, and leverage our global scale and broad portfolio to drive growth around the world.”