Complex sentence: Trend Controls is an independent entity of the Automation and Control Solutions business of Honeywell and it is a wholly owned subsidiary of Honeywell since 2005, when its parent company Novar plc was acquired.
Split into simpler sentences: Trend Controls is an independent entity of the Automation and Control Solutions business of Honeywell and it is a wholly owned subsidiary of Honeywell. Trend became part of Honeywell International in 2005 when its parent company Novar plc was acquired.