Honeywell has announced its intention to acquire Zellweger
Analytics, a global leader in hazardous gas detection
technology. The transaction is subject to regulatory
approval and is expected to close in the second quarter of
2005. Acquisition terms were not disclosed.
Based in Uster, Switzerland, Zellweger Analytics
manufactures toxic and flammable gas detection systems. The
company has nearly 40 years of experience in the design and
manufacture of innovative gas detection products for use in
semiconductor, industrial and oil and gas industries.
Zellweger Analytics' products help ensure the safety of
employees, protect high-value assets and prevent costly
plant shutdowns. Zellweger Analytics maintains offices
throughout Europe, Asia-Pacific and in the United States.
"The gas detection industry is a growing, billion-dollar
industry and Zellweger Analytics is a well-established and
respected company in this market," said Mark Levy,
president of Honeywell Life Safety, in a statement. "By
acquiring Zellweger Analytics, Honeywell has the
opportunity to enter the worldwide gas detection
marketplace with a leading brand portfolio and a large
international customer base."
Zellweger Analytics' gas detection technology offers
Honeywell a complement to its existing fire systems and
sensors portfolio and will enhance its sensing and
detecting capabilities. After the acquisition, Zellweger
Analytics, which has annual sales of approximately $170
million, will become part of the Life Safety business unit
within Honeywell Automation and Control Solutions (ACS).
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