Following the initial announcement on March 4, Honeywell finalized its acquisition of Sundyne from private equity firm Warburg Pincus for $2.16 billion on June 9.

The industrial manufacturing conglomerate said it expects Sundyne to immediately boost its sales growth, segment margins and adjusted EPS in the first full year of ownership.

Arvada, CO-based Sundyne designs, manufactures and supports industrial pumps and compressors for industries such as oil and gas, refining, petrochemical, hydrogen, carbon capture, power and water. Its portfolio includes brands like Ansimag, HMD Kontro and Marelli, offering a wide range of fluid and gas handling solutions.

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Honeywell said the acquisition expands its Energy and Sustainability Solutions product portfolio and aftermarket services by integrating equipment with automation and control systems powered by Honeywell Forge. Sundyne adds about 1,000 employees and an aftermarket revenue stream from its installed base.

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This acquisition follows Honeywell’s planned spin-offs of Aerospace Technologies and Solstice Advanced Materials into three separate public companies. Since December 2023, Honeywell has simplified its portfolio and boosted growth with $13.5 billion in acquisitions and the recent sale of its Personal Protective Equipment business.