Approved · Waiver · decided in 24 days, 22 June 2026
UnclassifiedWA-15023ACCC register
Private equity firm American Industrial Partners proposes a share acquisition of the Warehouse and Workflow Solutions business from Honeywell International, Inc. The target is a provider of material handling and warehouse automation solutions, aligning with the acquirer's focus on industrial businesses.
Certain affiliates of AIP, LLC. (together, AIP ) propose to acquire all of the outstanding equity interests in the Warehouse and Workflow Solutions ( WWS ) business of Honeywell International, Inc. ( Honeywell ) (the Acquisition ). Honeywell’s WWS business is comprised of Ibiza Holdings, Inc and Honeywell Intelligrated GmbH and their respective subsidiaries (together, Honeywell WWS ). AIP is an operationally oriented middle-market private equity firm based in New York, US, with a focus on the acquisition and improvement of industrial businesses. As part of the Acquisition, AIP has established wholly owned special-purpose vehicles which will be the direct acquirers of the equity in Honeywell WWS. Honeywell is a US-based publicly traded multinational conglomerate headquartered in Charlotte, North Carolina, United States of America. Honeywell primarily operates in four business areas: (i) Aerospace Technologies, (ii) Building Automation, (iii) Energy and Sustainability Solutions, and (iv) Industrial Automation. Honeywell WWS is headquartered in Mason, Ohio (U.S) and is a provider of material handling and warehouse automation solutions.