Auto Parts M&A » By The Online Investor Staff, updated Thu., Apr. 18, 4:54 PM
Recent mergers and acquisitions in the Auto Parts M&A category.
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Slide #35. Honeywell — RAE Systems
Acquirer:
Honeywell (NASDAQ:HON)
Acquiree:
RAE Systems
Details:
Honeywell (NYSE: HON) announced today a definitive agreement to acquire RAE Systems, Inc., a privately held manufacturer of fixed and portable gas and radiation detections systems, and software for $340 million. The purchase price translates to approximately thirteen times RAE Systems' estimated 2013 earnings before interest, taxes, depreciation and amortization (EBITDA), or approximately six times on a synergy adjusted run-rate basis integrating with Honeywell's gas portfolio. The agreement, subject to customary closing conditions, including regulatory review, is expected to close in the second quarter of 2013 and does not change Honeywell's 2013 full-year guidance.
Honeywell International is a technology and manufacturing company. Co. has four segments: Aerospace, which supplies products, software and services for aircrafts; Honeywell Building Technologies, which provides products, software, solutions and technologies including building control and optimization, energy management, access control, video surveillance, fire products, and remote patient monitoring systems; Performance Materials and Technologies, which develops and manufactures chemicals and materials, process technologies and automation solutions; and Safety and Productivity Solutions, which provides products and software that improve productivity, workplace safety and asset performance.
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Avg. Broker Rec.
 
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Buy (3.20 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: HON Stock Forecast Based on Zacks ABR data; powered by Xignite |
