Honeywell Announces Creation of Three Separate Companies

/0 Comments/in , , , , /by

Honeywell has announced the completion of a comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of Automation and Aerospace Technologies.

The planned separation, coupled with the previously announced plan to spin Advanced Materials, 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 and in a manner that is tax-free to Honeywell shareholders.

Honeywell“The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers,” Kapur said. “Our simplification of Honeywell has rapidly advanced over the past year, and we will continue to shape our portfolio to create further shareholder value. We have a rich pipeline of strategic bolt-on acquisition targets, and we plan to continue deploying capital to further enhance each business as we prepare them to become leading, independent public companies.”

The planned separations of Automation, Aerospace and Advanced Materials will create value for all stakeholders as each will benefit from:

  • Simplified strategic focus;
  • Greater financial flexibility to pursue distinct organic growth opportunities throughout investment cycles;
  • Improved ability to tailor capital allocation priorities in alignment with strategic focus;
  • Focused boards of directors and management teams with deep domain expertise; and
  • Distinct investment profiles that position each company to unlock greater long-term value for shareholders.

Following the completion of the announced transactions, Honeywell intends to be a global leader of the industrial world’s transition from automation to autonomy, with a comprehensive portfolio of technologies, solutions, and software to drive customers’ productivity, according to the company.

Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio, including approximately $9 billion of accretive acquisitions, such as the Access Solutions business from Carrier Global, which was completed in June 2024.

Honeywell Automation will maintain global scale, with 2024 revenue of $18 billion. Honeywell Automation will connect assets, people and processes to power digital transformation, building on decades-long technology leadership positions, deep domain experience, and a vast installed base to serve a variety of high-growth verticals.

“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 stated. “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.”

In November, investor group Elliott Investment Management, which has a $5 billion investment in Honeywell, sent a letter to its board of directors calling for the company to simplify its conglomerate structure, recommending that Automation and Aerospace be separate entities and be better positioned to thrive operationally.

Honeywell remains on pace to exceed its commitment to deploy at least $25 billion toward high-return capital expenditures, dividends, opportunistic share purchases and accretive acquisitions through 2025. The company intends to continue its portfolio transformation efforts during the separation planning process to enhance the value proposition of each business.

“With today’s action, Honeywell will be separating its Automation and Aerospace businesses into two market-leading enterprises poised for sustained growth and value creation,” noted Elliott Partner Marc Steinberg and Managing Partner Jesse Cohn. “The enhanced focus, alignment, and strategic agility enabled by this separation will allow Honeywell to realize the opportunity for operational improvement and valuation upside. We look forward to continuing to support Vimal and the management team as they execute on the separation and deliver significant long-term value to Honeywell’s shareholders.”

Johnson Controls Announces Joakim Weidemanis as Chief Executive Officer (CEO)

/0 Comments/in , , /by

Johnson Controls, a global provider of smart, healthy and sustainable buildings, announced that its Board of Directors has appointed Joakim Weidemanis as chief executive officer (CEO), effective March 12, 2025.

Weidemanis succeeds George R. Oliver following a thorough succession planning process. Oliver, who led the company’s successful transformation into a pure-play building solutions provider, will continue to serve as non-executive chairman of the board until July 31, 2025.

Johnson ControlsAt that time, he will be succeeded as chairman by Mark P. Vergnano, who has served on the Johnson Controls Board since 2016. Oliver will remain as an advisor to the company until Dec. 31, 2025, to provide ongoing support and ensure a smooth leadership transition.

Weidemanis is a seasoned operator with a successful track record in leading global technology-driven businesses and delivering profitable growth. He held several executive leadership roles over his 13-year career at Danaher Corp., providing him with extensive experience scaling global companies from a foundation of customer orientation, innovation and efficiency. He most recently served as executive vice president, diagnostics and China at Danaher, where he was responsible for operational leadership of an approximately $15 billion group across eight global technology businesses. Through acquisitions and organic growth, the revenue of Danaher’s diagnostics business grew significantly over a four-year period during his leadership.

Earlier in his career, he held executive positions of increasing operational responsibility at Mettler Toledo and ABB. Weidemanis has lived and worked in the United States, Europe and Asia over the course of his approximately 30-year career.

“The board identified Joakim as uniquely suited to lead Johnson Controls during its next chapter of growth as a pure-play provider of comprehensive solutions for commercial buildings,” said Jürgen Tinggren, lead independent director of the Johnson Controls Board. “Joakim’s approach to leading service-oriented businesses aligns well with both the Johnson Controls approach and our end-to-end operating model. Throughout his career, he has demonstrated remarkable ability as an operator of large global businesses, scaling both organically and inorganically, and is adept in shaping product portfolios and leveraging technology to deliver best-in-class financial performance.”

Tinggren continued, “As we have made substantial progress in our transformation, George has set the stage for Johnson Controls to capitalize on the opportunities ahead. On behalf of the Johnson Controls Board, we thank him for his remarkable leadership over the last eight years.

“As I come to know Johnson Controls, I am energized by its mission-driven culture and strong 140-year legacy of developing market-leading technology and solutions that enable customers to manage their facilities in a smarter, more sustainable and more productive way,” Weidemanis stated. “I am deeply passionate about leading global technology-driven businesses that help customers advance their goals and make a meaningful, positive impact on society. I look forward to leveraging my experience and the foundation George and the team have built to deliver on the company’s full potential for customers, employees and shareholders.”

“Joakim is the ideal person to lead Johnson Controls as CEO,” Oliver added. “The efforts we have made over the past eight years have transformed Johnson Controls into a simpler, more profitable and faster growing company better able to deliver on our financial and operational objectives. As we build on the Johnson Controls momentum from fiscal 2024, I look forward to working with Joakim and the team to ensure a smooth leadership transition and a promising future for Johnson Controls.”

New York Fire Alarm Association (nyFAA) Celebrates Two Decades of Fire & Life Safety Excellence

/0 Comments/in , , , /by
Read more

SimpliSafe® Achieves Alarm Validation Scoring Standard (AVS-01) UL-Listed Certification

/0 Comments/in , , , /by

Congratulations to TMA member SimpliSafe® on the achievement of its UL-listing for the ANSI/TMA Alarm Validation Scoring Standard (AVS-01).

AVS-01 TMA-AVS-01 provides a standardized method of creating an alarm scoring or classification metric for unauthorized human activity detected by alarm systems. An alarm score results in a repeatable metric that estimates the validity or potential threat level of a burglar alarm activation using historical and real-time data. The score will assist law enforcement with resource allocation and Call for Service prioritization.

SimpliSafe is the third TMA member to achieve the certification. See the full list HERE

Read the full story on https://www.prnewswire.com/news-releases/simplisafe-achieves-alarm-validation-scoring-standard-avs-01-certification-to-enhance-alarm-information-for-first-responders-and-improve-emergency-outcomes-302366702.html?tc=eml_cleartime

Erin Barsanti to Serve as National Account Director

/0 Comments/in , /by

Erin Barsanti has joined DMP as a national account director. Through her years of experience managing key accounts, she has received recognition for consistent exceptional results.

Having been in the security industry since 2011, Barsanti has extensive experience with major companies like Brivo and Alarm.com. Her expertise includes managing sales cycles, expanding reseller networks and driving significant growth.

“I chose DMP because of its excellent reputation in the security industry and the company’s strong values,” said Barsanti. “DMP stands out for its honesty, integrity and innovative approach. I’m also drawn to its focus on teamwork and generosity, as well as the way DMP fosters a positive work culture that benefits employees, dealers and the broader community.”

Barsanti is based in the Washington, D.C. area. She has worked closely with many DMP dealers throughout her career. “DMP solutions are known for their reliability, ease of use and innovative features. I’m excited to now be a part of the team that supports such a strong product lineup.”

Contact Information:
Erin Barsanti | National Account Director
Direct Cell: 417-224-2375
Email: EBarsanti@DMP.com

Marks USA Offers New Sample Styles for 2025: A Custom Locking Addendum

/0 Comments/in , /by

Marks USA, a division of NAPCO Security Technologies Inc., is excited to announce its ongoing commitment to expanding its extensive array of door hardware solutions tailored for every conceivable door and application. Our product line features a wide selection of customizable levers that cater to various styles and preferences, paired with beautifully designed roses that enhance the aesthetic appeal of any entryway. Additionally, we offer an impressive range of knobs that blend functionality with elegance, secure turnpieces for added convenience, and escutcheons that complete the look of your doors.

 

Our matched mortise and tubular locksets are crafted to meet the highest security standards, making them ideal for both exterior and interior doors. Furthermore, we understand the importance of advanced security technology in today’s world; hence, our integrated access control locks are designed for seamless integration into modern security systems. With OEM options available, we provide tailored solutions that meet your project’s unique requirements.

 

To ensure that you find the perfect fit for your design vision, we offer an extensive selection of over 300 trims and architectural finishes. This allows you to customize your hardware to match any decor style, from traditional to contemporary. At Marks USA, we believe that quality, security, and style should go hand in hand, and we are dedicated to providing exceptional products that meet your every need.

 

Marks 2025 Custom Lockset Catalog is available to download at https://marksusa.com/resources/catalogs/  or contact our friendly Marks customer service at 1-800-645-9445; specify Catalog no. A680B.

/0 Comments/in , /by

Evolv Technologies has appointed Robert E. Marshall, Jr. to the position of chief revenue officer, effective February 3, 2025.

Marshall will assume global responsibility for the company’s sales and service operations with a primary focus on driving and accelerating revenue growth. Marshall joins the company from Mobile Communications America (MCA), a provider of wireless communication solutions that enhance the safety, security, and operating efficiency of workplaces, where he held several executive level roles including chief revenue officer and chief operating officer.

“I am thrilled to be joining Evolv Technology, the pioneer in AI-based weapons detection and security screening,” said Marshall. “Evolv continues to create a new market category, raising the bar on innovation and delivering on the complex needs of a rapidly expanding customer base across education, healthcare, professional sports, tourist attractions, and industrial workplaces. I am excited to join the team and help to drive our strategy, enhance performance, and accelerate growth.”

Prior to joining MCA in 2021, Marshall spent more than 20 years at Motorola Solutions where he held several executive level sales leadership positions including vice president of global sales for video security and analytics, vice president of channel sales for Asia Pacific, vice president of Southeast region and several roles of increasing responsibility across federal, state and local government sales. Marshall will report directly to John Kedzierski, president and CEO.

“We are excited to welcome Robert to Evolv’s leadership team,” said Kedzierski. “With a distinguished 25-year career in the public safety and security industries, Robert has demonstrated exceptional sales, services, channel and operations leadership across both government and enterprise verticals. I believe his expertise and track record of execution will be critical as we enter our next phase of growth.”

Jay Muelhoefer, the previous chief commercial officer of Evolv Technology, will be departing the company on February 7, 2025.

Bish to Represent TMA on the SIAC Board of Directors

/0 Comments/in , , , /by

Industry veteran and longtime member of The Monitoring Association (TMA) George Bish has been appointed to represent TMA on the SIAC Board of Directors.

“George brings decades of experience and technical expertise to this position,” said Tim Creenan, SIAC Board Chairman. “We deeply appreciate his willingness to add this additional responsibility to his already busy schedule.”

George is currently the Director of Licensing and Compliance at Ring LLC, which Amazon owns.

George replaces industry leader and founding board member Bob Bonifas as a TMA board member. Bob is the founder of Alarm Detection Systems and has been a thought leader in our industry.

“Bob could always be counted on to see the big picture, look into the future and develop sound plans for leadership as our industry has changed and grown over the years,” said Creenan. “We want to thank him for his decades of service to SIAC and our industry.”

“This is a critical time for our industry as we face ever–changing technology,” said Creenan. “SIAC’s role of being the single voice for our industry on alarm regulations and management is more important than ever and we appreciate TMA’s support for this important mission.”

DICE Corporation Promotes Jennifer Balash to Senior Vice President, Head of Global Sales

/0 Comments/in , /by

DICE Corporation is thrilled to announce the promotion of Jennifer Balash to Senior Vice President and Head of Global Sales. This announcement follows the recent retirement of Avi Lupo, a long-time industry veteran who served as Executive Vice President overseeing sales and business development.

In her new role, Jen will lead and oversee DICE’s internal and external sales teams on a global scale, driving the company’s mission to deliver the most advanced AI-driven automation and video event management solutions worldwide.

A Proven Leader with a Legacy of Excellence
Jen joined DICE Corporation in 2009 as a member of the sales department. Over the years, she has excelled in roles spanning multiple departments, including her most recent position as Director of Project and Account Management. In this capacity, Jen successfully managed new system installations and deployments while leading DICE’s National Accounts division, achieving record-high revenue for the division over the past three years. Jen’s appointment reflects her unwavering dedication and the trust placed in her to lead DICE’s global sales strategy into the future.

Looking Ahead
As Senior Vice President and Head of Global Sales, Jen will play a critical role in shaping DICE Corporation’s expansion and reinforcing its position as a leader in the security and automation industries.

For more information about DICE Corporation, please visit www.dicecorp.com.

Now More Real-Time Interface Options for NAPCO’s Alarm Lock Wireless Trilogy Networx & ArchiTech Access Locks

/0 Comments/in , /by

NAPCO Security Technologies announced that its increasingly popular Alarm Lock Trilogy Networx® Wireless PIN and Prox Access Locks are newly certified with the LenelS2™ OnGuard® access control system (version 8.2 & 8.3). As a LenelS2 Open Access Alliance Program Partner (OAAP), Alarm Lock Networx Access Lock products (PL, PDL, and DL-Series) were fully tested and certified by LenelS2’s Quality Assurance Department for use with the OnGuard system. With this update, integrators and VARs have a choice of security management platforms, seamlessly interfaced with the company’s award-winning locks, now including LenelS2, Continental Enterprise, and new MVP Cloud-Hosted ACaaS systems, the latter two, from sister divisions of Alarm Lock’s parent company, NAPCO Security Technologies.

Award-winning Alarm Lock Networx, and its customizable counterparts, the designer ArchiTech Series, are the networked wireless versions of Alarm Lock’s Trilogy Series, the #1 selling standalone lock in their class, popular for durability, years of battery life, advanced options, and installation ease. Upgrading to any of these three platforms, from the standard Alarm Lock DL-WINDOWs database software, enables real-time lockdown, global operations, scheduled server-based programming, etc, offering a far more powerful and flexible real-time wireless access control solution within  Lenel’s OnGuard Platform, Continental Access’ CA4K Enterprise Security Management Systems or MVP Access /Cloud-Based Hosted System.

Alarm Lock’s Trilogy Networx Series and ArchiTech’s locks offer businesses and facilities, controlled access, and real-time lockdown security and server-based management for a few doors or users to thousands while creating a commonality of function and ease of use on any door type, using cylindrical, mortise, narrow stile, and exit trim models. These platform interface options, with LenelS2 OnGuard v8.2 & 8.3, Continental Access CA4K Enterprise, and MVP Cloud Systems, offer security- and locking professionals even more access to the strongest vertical market sectors today, i.e., education, healthcare, government, retail, and transportation/airports, etc.

For more information or availability, please visit www.alarmlock.com , contact your local Alarm Lock Sales Representative, Distributor, or call the Alarm Lock Division of NAPCO Security Technologies at 1.800.ALA.LOCK.