Honeywell to Buy Novar to Expand in Building Products
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Honeywell International Inc., the world&#39;s largest supplier of building controls, agreed to buy Novar Plc for 798 million pounds ($1.53 billion) to expand its security, fire and ventilation-systems business in Europe.
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Nestle , the world's largest food group, is buying the medical nutrition business of Swiss pharmaceutical group Novartis AG  for $2.525 billion, the companies said on Thursday.
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The watchmaker is growing efficiently through acquisition and expansion.
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US manufacturer Honeywell International Inc. (HON.N: Quote, Profile, Research) on Monday bid $1.5 billion in cash for Britain&#39;s Novar Plc
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Valero LP (VLI.N: Quote, Profile, Research) will buy Kaneb Services LLC (KSL.N: Quote, Profile, Research) and Kaneb Pipe Line Partners LP (KPP.
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(InfoWorld) - Novell and Honeywell are planning to announce the fruits of a project to link physical and logical access products from the two companies, offering government agencies and large enterprises a way to tie building and network access privileges together seamlessly, according executives from the two companies. The two companies plan to announce software updates and new products that are part of the solution in February, said Beth Thomas product manager for Honeywell's Smart Plus platform. The integration is Federal Information Processing Standards Publication 201 (FIPS 201) compliant and the first such effort by Novell to work with a physical access security vendor. The news comes as companies look for ways to tap into a fast-growing market for integrated physical and logical control systems mandated by Homeland Security Presidential Directive 12 (HSPD-12). In February, Honeywell will release a new version of its ProWatch access control system and Smart Plus, a server that provides a Web services interface to Honeywell's physical access products. Novell released an update to its Identity Assurance identity management product in December, adding connectors to facilitate integration with physical access systems. The company will add more workflows and XML signing capabilities to the product in April to assist convergence, said Baber Amin, Novell's senior product manager for security and identity. The technology partnership, which was announced in October, will allow customers using products from both companies to link user credentials from data stores and user provisioning systems such as PeopleSoft  through Novell's Identity Assurance product to Honeywell's ProWatch, so that physical access to buildings and rooms is linked closely with logical access to computers and network resources. Similarly, actions to revoke an employee's physical access in ProWatch can be used to trigger automated network deprovisioning on the logical side, Amin said. The integrated solution provides a partial answer to a vexing problem within enterprises, where physical security and logical security are often managed by different groups with little overall coordination. Many times that means that employees or contractors who are denied building access on their last day of work continue to enjoy remote access to network resources days or even weeks later, Amin said. The link to Access Manager will also allow companies to create more sophisticated access policies and workflow that bind physical and logical attributes. For example, Honeywell door access readers could contribute to NAC (Network Access Control) solutions by signaling to a switch to activate a network port in an office only after an employee has badged into the building or office, Amin said. The companies will initially sell the solutions into large enterprises in regulated industries such as pharmaceuticals, health care, and financial services. Federal government agencies, which are under pressure to comply with HSPD-12, are also a target. One federal agency is already testing a beta version of the integrated products, Thomas said. While integrations between logical and physical access vendors have been possible before, FIPS and HSPD-12 have provided the market for vendors to get behind converged physical and logical access, she said. "It really took the federal government with FIPS to put the emphasis on this," she said. Among other things, companies are uniting physical and IT security teams under one C-level executive -- either a CIO or CSO. That makes converged security sales easier to carry off, Thomas said. But Geoff Turner, a senior analyst at Forrester, said that true convergence is still a long way away. "Convergence is happening, but not as quickly as some people predicted," he said. Among the obstacles to widespread integrations between logical and physical security vendors is confusion about which companies will play a lead role in the converged solution set, he said. "Vendors are kind of casting about and trying to divine their place in a converged world," he said. "They want to know 'How do I do this and not lose my advantage?'" Both Thomas and Amin said that the technology that makes the Novell-Honeywell convergence work could also work with other vendors. However, the two companies are focused on working with each other.
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Symantec, a maker of computer antivirus products, will buy Altiris for about $1.03 billion to gain programs that track corporate software use.
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PITTSBURGH (CP) - Nova Chemicals Corp., which moved its head office from Calgary to Pittsburgh about three years ago, plans to merge its European styrenic polymers business into a joint venture with Britain's BP plc.
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US manufacturer Honeywell International agreed a $1.5 billion trump bid for Britain&#39;s Novar Plc on Monday to beef up its security business and lift 2005 earnings from the low end of forecasts.
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Manufacturer Honeywell International agreed Monday to a $1.5 billion bid for Britain&#39;s Novar PLC, beefing up its security business and lifting 2005 earnings towards consensus forecasts.
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Diversified manufacturer Honeywell International Inc.  said on Thursday quarterly net profit rose 17 percent, boosted by strong demand from the aerospace and construction industries.
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New Jersey-based Honeywell International Inc. , the aerospace and high-tech manufacturer, has agreed to buy the British industrial holding company Novar PLC for about $1.7 billion, the companies said yesterday.
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Fletcher Building Ltd., New Zealand&#39;s largest building products maker, said it is considering buying parts of Australian construction group Amatek Holdings Ltd.
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NEW YORK, December 23  - Canada-based building product manufacturer, Masonite International (MHM.NYS), is to be acquired by New York based private equity group, Kohlberg Kravis Roberts &amp; Co (KKR), for $2.5 billion (C$3.1 billion) in an
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Honeywell International Inc. of the United States is offering 1.2 billion pounds (US$2.4 billion; euro1.7 billion) to buy Novar PLC, the two companies said Monday.
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Honeywell International Inc. is interested in buying British industrial holding company Novar PLC for &#36;1.5 billion, two newspapers reported on their Web sites Sunday.
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NOVAR, the UK conglomerate, is recommending that its shareholders accept an Â£800 million cash bid from Honeywell International, the aerospace to transport multinational.