Honeywell acquires Sundyne for $2.2 billion

Honeywell International Inc. is acquiring Sundyne LLC for $2.2 billion to enhance its Energy and Sustainability Solutions unit. This move is part of Honeywell's strategy to strengthen its position in the energy sector. This acquisition follows a series of deals as Honeywell prepares for a potential breakup. The company's stock fell 0.3% in premarket trading, continuing a downward trend in 2025. In comparison, the S&P 500 index has also seen a decline, dropping 0.5%. Honeywell's stock has decreased by 6.1% this year.