Egelhof forms the third European cooling acquisition, and reenforces the existing portfolio, which consists of the offerings of Honeywell Flica and Honeywell Elm. This European Honeywell unit now has an annual sales volume of about EUR 35 million. Additionally Honeywell signed a joint venture agreement with Egelhof in Germany to cooperate in the development, integration and sales of commercial cooling systems using products and components of both companies.
Target markets are Germany, Austria and Switzerland.
Honeywell is a leading provider of control technologies for buildings, homes, industry, space, and aviation.