Honeywell has acquired SparkMeter's utility platforms to enhance its Smart Energy portfolio, positioning the company for growth in the modernizing utility sector.
Information on the Target
Honeywell has announced the acquisition of SparkMeter, Inc., a leading provider of grid management solutions for utilities. This tuck-in acquisition includes the acquisition of three utility platforms and relevant intellectual property from SparkMeter, which enhances Honeywell's Smart Energy portfolio. The platforms being acquired, namely Praxis, GridScan, and GridFin, are designed to deliver insights, operational visibility, and financial management capabilities for utilities.
The integration of SparkMeter’s technologies into Honeywell Forge Performance+ for Utilities aims to modernize grid infrastructure and meet the increasing energy demands of consumers. This strategic acquisition not only strengthens Honeywell's existing capabilities but also provides utilities with data-driven solutions to improve their operational performance.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in the Target’s Specific Country
The utility sector is experiencing a significant transformation driven by the need for enhanced energy efficiency and sustainability. As countries worldwide pivot towards renewable energy sources, the demand for advanced grid
Similar Deals
Covanta Holding Corporation → Circon Holdings, Inc.
2023
Alberta Investment Management Corporation, British Columbia Investment Management Corporation, OMERS, PGGM → Puget Sound Energy
2023
TDK Ventures Inc. → Divirod
2022
Mitsubishi Electric Power Products, Inc. → Computer Protection Technology
2021
ORIX Capital Partners → Peak Utility Services Group
2018
Honeywell
invested in
SparkMeter, Inc.
in 2025
in a Corporate VC deal