Honeywell’s board of directors reports that it has completed the business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of the company’s Automation and Aerospace Technologies. The planned separation, coupled with the previously announced plan to spin off its Advanced Materials business, will result in three publicly listed companies with distinct strategies and growth drivers.
The separation is intended to be completed in the second half of 2026. “Building on decades of innovation as its heritage, Honeywell Automation will create the buildings and industrial infrastructure of the future, leveraging process technology, software and AI-enabled, autonomous solutions to drive the next generation of productivity, sustainability and safety for our customers,” Kapur said. “As a standalone company with a simplified operating structure and enhanced focus, Honeywell Automation will be better able to capitalize on the global megatrends underpinning its business, from energy security and sustainability to digitalization and artificial intelligence.”
