October 1, 2018 / 8:21 AM / 2 months ago

Honeywell to buy German warehouse automation firm Transnorm for $493 mln

Oct 1 (Reuters) - Honeywell International Inc, which makes everything from jet engines to thermostats, said on Monday it will acquire Germany-based warehouse automation business Transnorm for about 425 million euros ($492.8 million) from IK Investment Partners.

Honeywell also said it completed spin-off of Garrett Motion Inc, its former transportation systems business. Garrett shares will begin trading on the New York Stock Exchange on Monday, it added. ($1 = 0.8624 euros) (Reporting by Rishika Chatterjee in Bengaluru; Editing by Gopakumar Warrier)

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