Honeywell completes acquisition of Xtralis
Honeywell has completed its acquisition of Xtralis, a global provider of aspirating smoke detection software, for $480 million.
“The acquisition of Xtralis is a good strategic fit to our current fire detection portfolio and will bring unique capabilities and customer solutions in remote visual verification of fire and intrusion risks, advanced perimeter security technologies, and video analytics software,” said David Paja, president of Honeywell Security and Fire. “This acquisition helps us expand our Critical Infrastructure Protection business and will help enable strong growth in the coming years.”
Xtralis aspirating smoke detection solutions protect many Fortune 500 companies and critical infrastructures worldwide. The company will be integrated into Honeywell’s Automation and Control Solution strategic business group.