Honeywell announces strategic separation: Automation, Aerospace and Advanced Materials to become independent

Honeywell has announced the full separation of the company into three independent companies – Honeywell Automation, Honeywell Aerospace and Advanced Materials.

“The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers,” said Vimal Kapur, chairman and CEO of Honeywell. “Our simplification of Honeywell has rapidly advanced over the past year, and we will continue to shape our portfolio to create further shareholder value. We have a rich pipeline of strategic bolt-on acquisition targets, and we plan to continue deploying capital to further enhance each business as we prepare them to become leading, independent public companies.”

“Building on decades of innovation as its heritage, Honeywell Automation will create the buildings and industrial infrastructure of the future, leveraging process technology, software, and AI-enabled, autonomous solutions to drive the next generation of productivity, sustainability and safety for our customers,” Kapur added. “As a standalone company with a simplified operating structure and enhanced focus, Honeywell Automation will be better able to capitalize on the global megatrends underpinning its business, from energy security and sustainability to digitalization and artificial intelligence.”

According to the company, the planned separations of automation, aerospace and advanced materials will create value for all stakeholders.

• Honeywell Automation: Following the completion of the announced transactions, Honeywell will be a major player in the industrial world’s transition from automation to autonomy, with a comprehensive portfolio of technologies, solutions, and software to drive customers’ productivity. Honeywell Automation will maintain a global scale, with 2024 revenue of $18 billion. Honeywell Automation will reportedly connect assets, people and processes to power digital transformation.
• Honeywell Aerospace: With $15 billion in annual revenue in 2024 and a large, global installed base, Honeywell Aerospace will be one of the largest publicly traded, pure play aerospace suppliers, with strong positions in technology and systems.
• Advanced Materials: The Advanced Materials business will be a sustainability-focused specialty chemicals and materials pure play with leading positions across fluorine products, electronic materials, industrial grade fibres and healthcare packaging solutions.

The separation is intended to be completed in the second half of 2026 and in a manner that is tax-free to Honeywell shareholders.