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Home technology software honeywell Buys Sparta Systems for $1.3 Billion

Honeywell Buys Sparta Systems for $1.3 Billion


Software

Honeywell Buys Sparta Systems for $1.3 Billion

The leading provider of enterprise quality management software (QMS), Sparta Systems, has been acquired by Honeywell for $1.3 billion in an all-cash transaction. Honeywell's acquisition will strengthen its leadership in industrial automation, digital transformation solutions, and enterprise performance management software.

“Sparta Systems is an ideal complement to our life sciences portfolio,” said Rajeev Gautam, president and chief executive officer of Honeywell Performance Materials and Technologies. “While Sparta's capabilities will initially help us expand our capabilities for our existing breakthrough initiative in life sciences, we plan to leverage Honeywell's global footprint and expertise to quickly expand Sparta's capabilities to serve other markets.”

Headquartered in Hamilton, New Jersey, Sparta Systems has around 250 employees on its payroll globally. It serves over 400 customers, including 42 of the world's top 50 pharmaceutical companies and 33 of the top 50 medical device companies.

Combining Sparta’s QMS platform with Honeywell’s existing process automation and software offerings will bring forth a highly differentiated, comprehensive solution that allows customers to focus more on the value-add activities that will accelerate their growth.

The acquisition is expected to be completed by the end of Q1 2021.


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