Honeywell Cashes Out: $1.325 Billion PPE Business Sale Fuels Bold Portfolio Transformation
Honeywell Cashes Out: $1.325 Billion PPE Business Sale Fuels Bold Portfolio Transformation
However, Honeywell will retain its gas detection portfolio within the Industrial Automation segment.Honeywell International Inc. (NASDAQ:HON) shares are trading higher on Friday. The company has agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. (PIP) for $1.325 billion in an all-cash deal.
霍尼韋爾國際股份有限公司（納斯達克：HON）股價週五有所上漲。該公司已同意將其個人防護裝備（PPE）業務以全現金交易方式出售給防護工業產品公司（PIP），交易金額爲13.25億美元。
This move aligns with Honeywell's strategy to streamline its portfolio, focusing on core businesses and pursuing high-return acquisitions that support its three key megatrends: automation, the future of aviation, and energy transition.
此舉與霍尼韋爾的策略一致，即簡化其投資組合，專注於核心業務，並尋求支持其三大主要趨勢的高回報收購：自動化、航空的未來和能源轉型。
This sale follows Honeywell's 2021 divestiture of its Lifestyle and Performance Footwear Business to Rocky Brands for $230 million, marking the company's exit from the PPE sector.
此次出售是繼霍尼韋爾2021年將其生活方式和性能鞋類業務以23000萬美元的價格出售給rocky brands後的又一重要舉措，標誌着該公司退出了PPE行業。
However, Honeywell will retain its gas detection portfolio within the Industrial Automation segment.
然而，霍尼韋爾將保留其工業自動化部門內的氣體檢測業務。
The sale of the PPE business is expected to close in the first half of 2025, pending customary conditions.
PPE業務的出售預計將於2025年上半年完成，視常規條件而定。
Vimal Kapur, Chairman and CEO of Honeywell said, "Now with this transaction, the business will be positioned to accelerate its growth trajectory as it benefits from Odyssey's historic investing in the PPE sector and scaling similar businesses to expand into new products, geographies and end markets."
霍尼韋爾董事長兼首席執行官維瑪爾·卡普爾表示：「現在通過這筆交易，該業務將定位加速其增長軌跡，因爲它將受益於奧德賽對PPE行業的歷史性投資，並擴大類似業務以擴展到新產品、新地理和新市場。」
"As we continue to simplify and optimize Honeywell's portfolio, the sale of the PPE business will enable us to further strengthen our core business in alignment with our three compelling megatrends."
「隨着我們繼續簡化和優化霍尼韋爾的投資組合，PPE業務的出售將使我們能夠進一步加強我們的核心業務，與我們的三大引人注目的主要趨勢保持一致。」
"The combination of today's announcement, with the strategic acquisitions we have made over the past year, positions us to continue to drive profitable growth and strong cash generation while creating compelling long-term value for our shareowners."
「今天的公告與我們過去一年所做的戰略收購的結合，使我們能夠繼續推動可持續增長和強勁現金創生，同時爲股東創造有吸引力的長期價值。」
Last month, Honeywell announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, which is targeted to be completed by the end of 2025 or early 2026.
霍尼韋爾上個月宣佈了一個計劃，將其高級材料業務拆分爲一個獨立的、美國上市公司，預計將在2025年底或2026年初完成。
Honeywell held cash and equivalents of about $10.6 billion as of September 30, 2024.
截至2024年9月30日，霍尼韋爾持有約106億美元的現金及等值物。
Investors can gain exposure to the stock via Amplify CWP Enhanced Dividend Income ETF (NYSE:DIVO) and Invesco Aerospace & Defense ETF (NYSE:PPA).
投資者可以通過Amplify CWP Enhance Dividend Income ETF (NYSE:DIVO)和Invesco Aerospace & Defense ETF (紐交所:PPA)獲得該股票的暴露。
Price Action: HON shares are up 1.01% at $228.38 at the last check Friday.
股價走勢：HON股票在上週五最新交易時上漲了1.01%，報228.38美元。
Photo via Shutterstock
圖片來自shutterstock
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譯文內容由第三人軟體翻譯。
