Honeywell Automation clarifies Honeywell International acquisition impact

Honeywell Automation India Limited (HAIL) addressed market speculation following the publication of an Economic Times article titled "Honeywell acquires Li-ion Tamer to expand fire detection portfolio." In a filing made under Regulation 30(11) of the SEBI Listing Regulations, the company clarified that the acquisition was made by Honeywell International Inc. (NASDAQ: HON). HAIL noted that it is assessing how this acquisition and related fire safety technologies might be integrated into its Honeywell Building Solutions (HBS) business in India. The application of this technology into India's Honeywell Building Solutions is a matter of further analysis and consideration. This announcement seeks to clarify the scope and relevance of Honeywell International's activities to Honeywell Automation India's business.