Honeywellone of the world leaders in industrial process control, has just invested 340 M$ to take control of RAE Systems, a private company specializing in fixed and portable gas detectors, notably for the public sector (to check compliance with authorized standards), the oil and gas industry and, more generally, all industrial markets (for personal safety purposes, in particular).
RAE Systems generated sales of around 107 M$ 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 safety applications.
Learn more: https://honeywell.com/Products-Services/Pages/industrial-process-control.aspx