Honeywell has acquired SparkMeter’s utility platforms in a tuck-in deal to broaden its sensible vitality software program, aligning with its technique of spinning off legacy items whereas bolstering digital energy-transition capabilities.
In sum – what to know:
Tuck-in acquisition – the acquisition of SparkMeter’s platforms will improve Honeywell’s digital utility options.
Spin-off technique – enhances the carve-up of Honeywell’s major enterprise; follows $14B in bolt-on latest offers.
Broader pattern – displays business strikes to interrupt up legacy conglomerates and deepen digital experience.
US-based Honeywell has acquired three utility platforms from Washington DC–based mostly grid administration supplier SparkMeter in a focused tuck-in deal to strengthen its place in vitality transition and digital utility options. The transfer comes as Honeywell concurrently pursues portfolio simplification and separation in different areas — a part of a wider strategic rebalancing amongst industrial expertise giants. Like ABB, GE, Hitachi, Johnson Controls, Siemens, and United Applied sciences, Honeywell has moved to disentangle its legacy conglomerate operations into nimbler standalone companies, and to bolster them individually through tactical acquisitions of horizontal tech capabilities.
The acquisition follows the announcement that it’s going to spin-off its Aerospace Applied sciences and Solstice Superior Supplies divisions as separate companies, every publicly-listed, and every with distinct methods round perceived ‘mega developments’ in “automation, aviation, and vitality transition”. The SparkMeter buy (of its Praxis, GridScan, GridFin platforms; plus mental property and “sure associated property”) helps the third “pillar”, about supplying utilities with knowledge and software program instruments to modernize grids, optimize charges, and combine renewables. The SparkMeter platforms be part of its ‘sensible vitality’ portfolio, as a part of its Forge Efficiency+ for Utilities answer.
Honeywell bought its Private Protecting Tools enterprise to Protecting Industrial Merchandise in Might 2025. As a part of this broader Business 4.0 nip-and-tuck consolidation, it has introduced $14 billion of acquisitions since 2023 with a view to usher in horizontal tech capabilities – through offers for Compressor Controls Company, SCADAfence, the Entry Options enterprise of Service International, Civitanavi Methods, CAES Methods, the LNG enterprise from Air Merchandise, Sundyne, Johnson Matthey’s Catalyst Applied sciences Enterprise, and Li-ion Tamer. The agency is doubling-down on such bolt-on acquisitions with the SparkMeter association, to deepen its digital capabilities in development verticals.
The newly-acquired platforms are: Praxis (described as a “knowledge platform… to ship insights and analytics” to utilities), GridScan (a software program utility that gives “easy and speedy visibility into the operational efficiency and well being of distribution grids”), and GridFin (a monetary administration utility that “analyzes and manages vitality provide prices, optimizes buyer charges, and improves general monetary efficiency”). Like GE and Siemens, say, which have spun-off and expanded their healthcare and vitality divisions, Honeywell is successfully shrinking to develop: carving up unwieldy legacy operations, and recruiting new digital experience in every operate.
Amol Motivala, president at Honeywell Sensible Power, mentioned: “Because the demand for vitality continues to develop, utilities are dealing with new challenges that may impression their capability to rapidly and effectively modernize their infrastructure to satisfy these wants. By combining these SparkMeter applied sciences… we’ll present our clients with superior instruments that automate, simplify and optimize their every day planning, operations and present grid property. The enlargement of our sensible vitality portfolio will guarantee our clients can navigate altering vitality calls for effectively – permitting for extra complete knowledge administration, enterprise intelligence and analytics performance for utilities.”
