Financial Release

Honeywell Acquires SCAME Sistemi, s.r.l., Leading Provider of Fire and Gas Safety Systems

November 30, 2017

ATLANTA, Nov. 30, 2017 /PRNewswire/ -- Honeywell (NYSE: HON) today announced it has acquired privately held SCAME Sistemi, s.r.l., adding new fire and gas safety capabilities to Honeywell's industry-leading portfolio of Connected Building solutions. SCAME is a leading provider of all-in-one systems that deliver management of fire and gas detection, and fire extinguishing systems, from a single interface and supervisory software platform.

When combined with Honeywell's wide-ranging fire and gas product portfolio, SCAME's industrial controllers and management systems will provide powerful integrated solutions for customers. Installers and operators will benefit from seamless integration that provides access to critical information, alerts and control. Honeywell's acquisition of SCAME will create new opportunities to deploy SCAME's products worldwide, helping make industrial sites around the globe safer and more secure.

"When it comes to industrial safety, there is no substitute for world-class detection and suppression hardware, and software that provides critical solutions for each customer's unique needs," said Gary Michel, president and CEO of Honeywell Home and Building Technologies. "SCAME's all-in-one products are an ideal fit for our Building Technologies portfolio moving forward, and a great complement for the solutions we offer customers to ensure the safety and security of their employees, processes and critical infrastructure."

Founded in 1979, SCAME is based in Arluno (Milan), Italy, and has approximately 25 employees. The company's products feature user-friendly controls that can be customized for unique customer needs, including system configuration, testing and monitoring. Its systems use equipment with predefined safety integrity levels (SIL), which allow users to actively manage their level of risk for a potentially dangerous system failure and easily achieve a tolerable corresponding risk level for their safety systems.

SCAME will be integrated into the Fire business within Honeywell Home and Building Technologies. Honeywell Security and Fire is a leading global manufacturer of electronic security and life safety technologies for commercial buildings, industrial sites and homes worldwide.

About Honeywell Home and Building Technologies

Honeywell Home and Building Technologies (HBT) is a global business with more than 38,000 employees. HBT creates products, software and technologies found in more than 150 million homes and 10 million buildings worldwide. We help homeowners stay connected and in control of their comfort, security and energy use. Commercial building owners and occupants use our technologies to ensure their facilities are safe, energy efficient, sustainable and productive. For more news and information on Honeywell Home and Building Technologies, please visit http://www.honeywell.com/newsroom.

Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally.  Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.  For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

View original content:http://www.prnewswire.com/news-releases/honeywell-acquires-scame-sistemi-srl-leading-provider-of-fire-and-gas-safety-systems-300564278.html

SOURCE Honeywell

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