Honeywell to Acquire Elster
Honeywell has signed a definitive agreement to acquire the Elster Division of Melrose Industries plc for $5.1 billion. The parent company is Elster Group GmbH in Germany with business units for gas, electricity and water. Within the gas business is Elster Thermal Solutions, which is comprised of six brands. These include Eclipse, Hauck, Kromschroder, Exothermics and CEC Combustion Safety in our industry. As with all mergers and acquisitions, this agreement is subject to shareholder approval and regulatory review. It is expected to close in the first quarter of 2016.