Decision Nº M/06/003 from Competition and Consumer Protection Commission, 2006-02-15

Decision NumberM/06/003
PartiesFirst Technology,Honeywell
StatusCleared (Phase 1)
Merger Notification M/06/003– Honeywell/First Technology
DETERMINATION OF MERGER NOTIFICATION M/06/003 –
Honeywell/First Technology
Section 21 of the Competition Act 2002
Proposed acquisition of First Technology plc by Honeywell
International Inc.
Dated 15/02/06
Introduction
1. On 19th January 2006, the Competition Authority, in accordance
with Section 18(1) of the Competition Act, 2002 (“the Act”), was
notified on a mandatory basis of the proposed acquisition by
Honeywell International Inc. (“Honeywell”) of sole control of First
Technology plc, (“First Technology”).
The Parties
2. Honeywell, the acquirer, is a diversified US industrial group
supplying customers, worldwide, with aerospace products and
services, automotive products, electronic materials, performance
polymers, transportation and power systems, home and building
controls, industrial controls, specialty materials and gas detection
products. For the year 2004, it generated worldwide turnover of
€20,581 million. Honeywell’s worldwide operation is divided into
four divisions:
Automation and Controls Solutions (“ACS”) division offers
products and services in the areas of heating; ventilation;
humidification and air-conditioning equipment; security and fire
alarm systems; gas detection systems; home automation
systems; energy-efficient lighting controls; and building
management systems and services. It also supplies sensors,
switches, and control products for industrial applications.
Aerospace Solutions division offers aircraft engines, equipment,
systems and services for commercial transport, regional, general
aviation and military aircraft. It also provides aftermarket
services.
Transportation and Power Systems division offers turbochargers
and internal systems for passenger cars, light trucks and
commercial vehicles. It also manufactures and markets friction

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