Honeywell Home To Become Resideo

Honeywell has created a new company, Resideo, that will encompass the Honeywell Homes product portfolio and ADI global distribution businesses when it become a stand-alone, publicly traded company following completion of a spin-off that is expected by the end of 2018.

Honeywell Seeks To Halt Smart Home Merger

In response to the planned acquisition of two divisions of Icontrol Networks by, Honeywell International has filed an antitrust suit claiming the combined entity of two of its competitors would result in 70% share of the market for software that allows remote operation of connected products and devices, according to a report by the New Jersey Law Journal.

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