Will other divisions follow, IA, for example?
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IA is unsustainable, just fire sale the whole division before its too late.
The only people who could have saved it are long gone and it does not fit the new business direction.
Sounds like it's now wrapped into a body bag. Already stinking. Please, someone cart it off in the back of a pickup truck.
A couple of years ago Intelligrated was on the block. I heard that the price was acceptable, but the included debt was what prevented the sale. Today, I'd say that the only ones that would consider purchasing Intelligrated would be competitors that are already beating Intelligrated in the customer arena. In effect the prospective purchaser would only be acquiring intellectual property and has been buying Intelligrated's engineers and managers for a few years now.
I read today that Wall Street analysts are predicting that UOP and IA are next in line for deposition or spinoff, that has been obvious to us for a while.
IA will be a lot harder pitch than the others, some parts are irredeemable.
Done to get below carbon footprint goals.
should be good for AM to be free of the rotting corpse of HW -
megatrends my ar*e
@vmv+1uT4rqlK Indeed, I am curious to see what comes out in the wash on this one!
Always an unscrupulous strategy involved.
From a rational point of view a lot of IA businesses do not fit the overall strategy and have been failing for a long time. Investment ceased some time back as a revolving door of inept management continued and the consequential talent drain has left a lot of empty husks. Logic should tell you the likely outcome.
If Honeywell actually commit to simplification which is the best idea they have had in more than a decade then surely the clock is ticking. I do not rely or trust upon rumor but there was a lot of of chatter over failed and continued divestment attempts.
Heck, the flailing dinosaur legacy products, abysmal customer service and cr@p new cough reskinned/rehashed product attempts hardly inspire hope or aspiration.
Hard times to come in IA me thinks.
So HW found a stooge. I wonder how much debt and liabilities are loaded in to the package? Asbestos exposure?