Honeywell Expands Life Sciences And Software Capabilities Through Acquisition Of Sparta Systems
Honeywell announced it has agreed to acquire privately held Sparta Systems for $1.3 billion in an all-cash transaction from New Mountain Capital. Sparta Systems is a leading provider of enterprise quality management software (QMS), including a next-generation SaaS platform, for the life sciences industry. The acquisition further strengthens Honeywell’s leadership in industrial automation, digital transformation solutions and enterprise performance management software.
Honeywell will leverage its global presence, Honeywell Forge and Sparta’s expertise to introduce new, integrated solutions, including QMS offerings, for life sciences and adjacent industries. Honeywell’s customers will benefit from advanced digital QMS solutions to help them proactively achieve better quality, which results in improved new therapies, faster time to market, better business and patient outcomes, and effective regulatory compliance.
“Sparta’s TrackWise Digital® and QualityWise.aiSM are a welcome addition to Honeywell’s enterprise performance management software, Honeywell Forge, and will further enhance the link between quality and production data for life sciences manufacturers,” said Que Dallara, president and chief executive officer of Honeywell Connected Enterprise. “Our combined offerings will make it easier for customers to gain critical insights from manufacturing and quality data that can improve their manufacturing processes while ensuring product quality, patient safety, and supply chain continuity.”
Honeywell has provided the world’s leading drug manufacturers and biomedical firms with consistently innovative advancements in automation technologies, systems and services for more than 30 years. Honeywell’s portfolio includes advanced automation and process controls for consistency and oversight of both continuous and batch processing; data capture and recording solutions that simplify and safeguard compliance; and technologies that help maintain auditability, optimize production, and speed time to market while ensuring quality and repeatability. Honeywell’s Fast Track Automation helps life science manufacturers expedite development and production of vital vaccines and medical therapies.
“Sparta Systems is an ideal complement to our life sciences portfolio,” said Rajeev Gautam, president and chief executive officer of Honeywell Performance Materials and Technologies. “While Sparta’s capabilities will initially help us expand our capabilities for our existing breakthrough initiative in life sciences, we plan to leverage Honeywell’s global footprint and expertise to quickly expand Sparta’s capabilities to serve other markets. We have strong conviction in the growth opportunities in the life sciences and pharmaceuticals space and in the synergies between Sparta and Honeywell both for Honeywell Connected Enterprise and Honeywell Forge as well as for Honeywell Process Solutions.”