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[ Star Enterprise of Chemical Machinery and Equipment Network ] On December 22, Honeywell announced the acquisition of Sparta Systems (hereinafter referred to as Sparta) held by New Mountain Capital Private Equity Company in a cash transaction of USD 1.
3 billion.
Sparta is a supplier of enterprise quality management software (QMS) (including the next-generation SaaS platform) in the life sciences field.
Through this acquisition, Honeywell has further consolidated its market position in industrial automation, digital transformation solutions and enterprise performance management software.
Chemical machinery and equipment network star enterprise chemical machinery and equipment3 billion.
Sparta is a supplier of enterprise quality management software (QMS) (including the next-generation SaaS platform) in the life sciences field.
Through this acquisition, Honeywell has further consolidated its market position in industrial automation, digital transformation solutions and enterprise performance management software.
Honeywell will fully combine its own resources, Honeywell Forge solutions and Sparta's expertise to launch new integrated solutions for life sciences and related industries, including QMS products and services.
Honeywell*'s digital QMS solution will help customers proactively improve product quality, thereby improving new therapies, shortening time to market, improving business outcomes and patient outcomes, while effectively ensuring compliance.
Honeywell*'s digital QMS solution will help customers proactively improve product quality, thereby improving new therapies, shortening time to market, improving business outcomes and patient outcomes, while effectively ensuring compliance.
"Sparta's TrackWise Digital ® and QualityWise.
aiSM are a useful supplement to Honeywell's Honeywell Forge enterprise performance management software, which can help manufacturers in the life sciences industry further improve the interconnection between product quality and production data.
" Honeywell Que Dallara, President and *Executive Officer of Enterprise Intelligence, pointed out: "By combining the two, customers can more easily obtain key insights from production and quality data, continue to optimize production processes, and at the same time ensure product quality, patient safety and The continuity of the supply chain.
"
aiSM are a useful supplement to Honeywell's Honeywell Forge enterprise performance management software, which can help manufacturers in the life sciences industry further improve the interconnection between product quality and production data.
" Honeywell Que Dallara, President and *Executive Officer of Enterprise Intelligence, pointed out: "By combining the two, customers can more easily obtain key insights from production and quality data, continue to optimize production processes, and at the same time ensure product quality, patient safety and The continuity of the supply chain.
"
For more than 30 years, Honeywell has been serving pharmaceutical and biomedical companies through continuous innovation in automation technology, systems and services.
The company's product portfolio includes: * automation and process control solutions that monitor continuous and batch processing and ensure quality stability; data collection and recording solutions that can simplify processes and ensure compliance; and ensure auditability and optimization Produce and accelerate the launch of products, while ensuring the quality and repeatability of various technologies.
Among them, Honeywell's Fast Track automation solution helps manufacturers in the life sciences industry accelerate the development and production of important vaccines and medical therapies.
The company's product portfolio includes: * automation and process control solutions that monitor continuous and batch processing and ensure quality stability; data collection and recording solutions that can simplify processes and ensure compliance; and ensure auditability and optimization Produce and accelerate the launch of products, while ensuring the quality and repeatability of various technologies.
Among them, Honeywell's Fast Track automation solution helps manufacturers in the life sciences industry accelerate the development and production of important vaccines and medical therapies.
"Sparta is the perfect complement to our life sciences business portfolio.
" Rajeev Gautam, President and *Executive Officer of Honeywell's Performance Materials and Technology Group, said: "Sparta's capabilities will first help us realize our current status in life sciences.
Some major business progress plans.
In addition, we also plan to combine Honeywell's resources and expertise to further rapidly expand Sparta's capabilities and serve more markets.
We are very optimistic about the development prospects in the life sciences and pharmaceutical fields, and we also firmly believe in Sparta.
It will form synergies with Honeywell in many aspects, including Honeywell Enterprise Intelligence, Honeywell Forge and Honeywell Process Control.
"
" Rajeev Gautam, President and *Executive Officer of Honeywell's Performance Materials and Technology Group, said: "Sparta's capabilities will first help us realize our current status in life sciences.
Some major business progress plans.
In addition, we also plan to combine Honeywell's resources and expertise to further rapidly expand Sparta's capabilities and serve more markets.
We are very optimistic about the development prospects in the life sciences and pharmaceutical fields, and we also firmly believe in Sparta.
It will form synergies with Honeywell in many aspects, including Honeywell Enterprise Intelligence, Honeywell Forge and Honeywell Process Control.
"
Sparta is headquartered in Hamilton, New Jersey, USA, and employs approximately 250 people.
Sparta serves more than 400 customers, including 42 of the 50 compulsory drug companies and 33 of the top 50 medical device companies.
Sparta serves more than 400 customers, including 42 of the 50 compulsory drug companies and 33 of the top 50 medical device companies.
"Many companies urgently need a quality management software solution with *digital functions, which can effectively fully automate, optimize and standardize quality processes.
" Sparta's *executive officer Dana Jones said: "Combining the SpartaQMS platform with Honeywell The combination of some process automation and software products will create a unique comprehensive solution that enables customers to focus on value-added services to accelerate business growth.
"
" Sparta's *executive officer Dana Jones said: "Combining the SpartaQMS platform with Honeywell The combination of some process automation and software products will create a unique comprehensive solution that enables customers to focus on value-added services to accelerate business growth.
"
Honeywell will continue to improve TrackWise Digital QMS by introducing artificial intelligence and machine learning capabilities that enhance human decision-making capabilities.
At the same time, Honeywell will enable the interconnection between quality and operational data through the Internet of Things to detect production abnormalities and classify quality events in near real time.
These continuous innovations help customers proactively solve quality problems, improve safety and ensure compliance.
At the same time, Honeywell will enable the interconnection between quality and operational data through the Internet of Things to detect production abnormalities and classify quality events in near real time.
These continuous innovations help customers proactively solve quality problems, improve safety and ensure compliance.
Pete Masucci, Managing Director of New Mountain Capital, said: "Since the company partnered with Sparta in 2017, the company has launched an artificial intelligence QMS solution, which has expanded its SaaS user base by 2.
5 times and invested heavily in product development.
We are looking forward to it.
See Sparta continue to flourish within Honeywell.
"
5 times and invested heavily in product development.
We are looking forward to it.
See Sparta continue to flourish within Honeywell.
"
The acquisition is expected to be completed by the end of the 2021* quarter.
The effective completion of the acquisition agreement has yet to meet customary closing conditions and requires regulatory approval.
The acquisition does not affect Honeywell's 2020 financial outlook.
The effective completion of the acquisition agreement has yet to meet customary closing conditions and requires regulatory approval.
The acquisition does not affect Honeywell's 2020 financial outlook.
Original title: $1.
3 billion! Honeywell announces the acquisition of Sparta System
3 billion! Honeywell announces the acquisition of Sparta System
