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Honeywell, one of the world's leading industrial process control companies, has just invested $340 million to take control of RAE Systems, a private company specializing in fixed and portable gas detectors, including public procurement (for verification of compliance with authorized standards), oil and gas and more generally all industrial markets (for personal safety purposes, among others).
RAE Systems generated revenues of $107 million in 2012. This acquisition of Honeywell follows those of Zellweger (2005), First Technology (2006), Sperian (2010) and Fire Sentry (2012), confirming the importance the group attaches to security applications.
Find out more: https://honeywell.com/Products-Services/Pages/industrial-process-control.aspx
