Honeywell to acquire combustion equipment vendor Callidus Technologies

Honeywell has announced a definitive agreement to acquire Callidus Technologies (Tulsa, Oklahoma; www.callidus.com), a manufacturer of custom-designed and fabricated industrial combustion products, including refinery burners and controls, flares and thermal oxidizers. The agreement is subject to customary closing conditions, including regulatory review. Callidus designs, supplies and commissions environmental and combustion equipment and services worldwide, primarily for the oil and gas and petrochemicals industries. Callidus sells through a global network of manufacturing representatives and has sales offices in London, Mumbai, Tokyo and Shanghai. Callidus will be integrated into Honeywell’s Environmental and Combustion Controls (ECC) business, part of Automation and Control Solutions (ACS). Building on Honeywelll’s 2007 acquisition of Maxon Corp. (Muncie, Ind.;www.maxoncorp.com), the Callidus deal is expected to further grow Honeywell’s position in the energy-efficient, low-emission industrial combustion space, which has longterm growth potential given the cross-selling opportunities with ECC Combustion products and HPS technologies and expertise.