Honeywell Open to Acquisitions in Europe as Defense Ramps Up
Honeywell is open to acquiring more companies in Europe to beef up its portfolio as the region ramps up its defense spending and military capabilities.
The North Carolina-based company would consider partnerships and venture investment across Europe, Ben Driggs, Honeywell Aerospace Technologies Chief Commercial and Strategy Officer, said on Sunday. Navigation, safety systems and control systems around thermal management and electrification are among the areas which Honeywell would be interested to expand in, he said.
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