AIP will probably fully take over in 01/2027 and then I expect them to cut all non-productive costs like EU, India, China.. and keep production.
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So whats going to happen? reorg day 1?
Oracle is obsolete horrible system. And many projects will not survive any proper audit.
TC issues, Oracle issues, PM reviewing forecast by forecast…. What’s going on behind the scenes!?!?
🔥Save yourself - get out while you can…Private Equity = Slash & Burn…It's a one year membership to the Jelly of the Month Club.
This looks like another C Ma…s- deal. That guy dominates this business
@4zs you don’t get promoted to corporate by doing a bad job.
@4ze
CM had nothing to do with starting Intelligrated. But he did have a significant role in it's destruction. That's why he was moved to Honeywell sensors.
@4ze he is one of the big investors in the company
They said Chris Maines that started Intelligrated runs True now
@4h5 promote them and give them all bonus
@4h5 We can expect big clean-up once they do some full audit. Let me do some estimation. Around Jan/Feb 2027 we can expect to focus only on Americas and everything in EU, India and China except Transnorm will be dumped. Transnorm either kept as special or more likely sold to Dematic or other big EU player. Remaining US factories will be transferred under TREW. All duplicities in leadership, operations, design, quality etc fired after handpicking few usable experienced guys. And Chihuahua will be the cheap labor camp.
Sh-t show 😂
What will they do with loser managemenr team ?
This didn't age well
https://www.honeywell.com/us/en/press/2023/02/honeywell-opens-advanced-warehouse-automation-center-brno
@1m0 there are good people in Czech and I’ve enjoyed working with them, but Honeywell has failed to expand to EU and shuttered KTW manufacturing. New owner will have their hands full cleaning up Honeywell’s messes in the US (plus CHI). Not sure what justification exists to keep the R&D or project team in EU. I don’t know enough about Transnorm to have an opinion, although I know Honeywell sc--wed up their business as well.
EU R&D in CZ was established some 6 years ago in already existing Honeywell site to cover production of localized metric systems in Poland.
Poland assembly was closed year ago after Amazon pulled out and CZ site is restructuring thanks to Aero split.
Keeping that IGS R&D team of about 60 guys of all functions only makes sense if new owner wants to expand into EU and fight with all those regulations, safety hacks, covers, metric materials etc.
If not, whole EU R&D team is pointless deadwood. It makes no sense to use it as design base for Mexico production while Trew has own US team nextdoor. PMO are remote from India already.
EU Transnorm is specific bubble. They can either keep them for their specific conveyors or just sell them to Dematic/KION, Schaefer, Vanderlande or whatever. They have own product lines, own low-scale production, own systems, own designers, own sales etc. Standalone package. Honeywell is/was only suffocating them with overprocessing and Oracle.
Rest of EU are just few guys in Poland and Romania without productive value.
We’ll see how long redundant functions and mid-level bureaucracy is allowed to stay after the deal closes. PMO, PCO, offering management, sourcing, COE, EU R&D, CHI, operations, HR, and finance all feel risky places to be, and some of these functions are widely known to be heavily bloated or ineffective.
Trew asked me to relocate with promises of running a department just to be told I’m not ready by someone not as qualified as myself. I know their business better than their VPs and they fear that.
@15p
Probably the same type of lay that Honeywell gave us. We might even get a RA.
Since TREW is only operating in Americas wonder what will happen with Polish, Czech and Romanian guys since the only production is in Transnorm. Some leaders think that AIP will expand to EU, but that seems to be very naive idea..
And then there are few Indian and Chinese guys..
@11b haha. They begged but nobody bites on this deal. Trew will lay 50 % of you
Sh-t show. Run
What will happen to incompetent IGS clown leadership ?
I have worked for both and have expert knowledge in almost every department but Trew has me reporting to managers that do not have the experience and expertise that I do and hold people like me back. I have tried to show them how to streamline projects and get their teams in line and they are very resistant .
This is terrible news. Some of us stayed at Honeywell to avoid working with these guys again. Hopefully some of us can transfer to other Honeywell operations and not be left to these people.
Do you guys expect cuts in Engineering at Mason?
Wow. IGS was bought for $1.5B @ decade ago and now sold for how much??!!
Transnorm is somwehat self-sufficient. They have own R&D, own sales, own factory, own systems, own marketing, own designs, own customers... Honeywell did not bring any benefit to them. Just more burreaucracy, unwanted processes and attempt to ki-l them with Oracle.
There are not many intelligrated buildings left when compared to 5 years ago..
McCarthy ans Cole sold Intelligrated for a boat load of cash, Honeywell ran it into the ground and sold it back to them for a song. It will take a while for Intelligrated to regain it's reputation, but it will rise from the ashes once Honeywells name is taken off the brand. I imagine it will be stripped from the building day 1 after closure of the deal.
@jq Yes, anyone who believes that will soon be proven wrong. How else can it be explained that TREW announces the acquisition as news on its homepage?
And don’t fall for the fairy tales your management is telling you that IGS is five times larger than TREW. There are hardly any official figures for TREW, but if you compare the sources that assume five times as many employees, those same sources also show that this results in only about 2.5 times the revenue.
I believe TREW’s figures will become the benchmark for AIP.
Until the final signing and the IT carve out of a large part of Honeywell, I don’t see much change here. But for the time after that, it is probably clear where the journey is heading. Too many bloated structures were built up under Honeywell, and the processes are by far the most inefficient in the industry comparison.
Even bleaker is the situation likely to be for Transnorm and for EMEA & APAC. I cannot see a global strategy. I hope I am wrong, but synergies between IGS and TREW for the US market will already cost a lot of effort. Who, then, will still be able to deal with the appendages?
@n1 it is left with Honeywell Sensing Solutions, Honeywell Thermal Solutions, Honeywell Smart Energy. What else ...?
With PSS gone too, what GBEs are still left in Industrial Automation?
You think Honeywell was stingy. What until you see how tight private equity money is these days.
AIP did not buy Intelligrated to run Trew and IGS as separate competing companies. If you think that you’re an id--t.
Trew cr--kers can’t buy nothing
@a3 no it is not TREW, it is the PE Firm that also invests in TREW.
There is no disclosure on deal amount. I bet you Honeywell paid them to take over the ownership.
@bz be careful what you wish for
Wow. So finally the DA/JW failure is etched in stone. Maybe not stone, but people's lives.
You'll work your a$$ off. But you'll be rewarded for it. Unlike working for Honeyhell. Looking forward to it.