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Acquisition Expands Honeywell’s Smart Grid, Green Building and Energy-Efficiency Portfolio
MINNEAPOLIS, July 26, 2010 – Honeywell (NYSE: HON) today announced it has acquired E-Mon, LLC, a leading manufacturer of electric submetering products and systems. The acquisition will enable Honeywell to offer a more complete energy efficiency portfolio to a broader customer base and strengthens its offerings in support of the smart grid.
Submeters enable facility owners, such as property managers, schools and universities, government facilities, manufacturers or shopping centers, to better control and manage energy costs. A submeter measures energy consumption by tenant or department, and enables property owners to analyze consumption and usage patterns, helps identify failing equipment and system inefficiencies and can verify facility energy conservation programs – all of which are critical capabilities in a smart grid environment.
E-Mon, based in Langhorne, PA, will be integrated into Honeywell Environmental and Combustion Controls (ECC), which is part of Honeywell’s Automation and Control Solutions business group. ECC’s products, components and systems deliver temperature control, comfort, energy conservation and safety to more than 150 million homes and 10 million buildings worldwide.
“With the acquisition of E-Mon, Honeywell has a more comprehensive technology solution to enable commercial building operators to maximize energy efficiency and make them smart grid ready,” said Joseph Puishys, president of ECC. “Submetering is the key enabler to efficiency initiatives in buildings. As the leading provider of electric submeters, E-Mon’s highly developed portfolio will strengthen Honeywell’s energy efficiency offerings, and its electrical distribution channel will broaden ECC’s customer access.”
Founded in 1981, E-Mon is the industry leader in the manufacture of solid-state electronic kilowatt-hour submeters, automatic meter reading & billing software and other energy management products and services. Supported by more than 1,500 electrical distributors, E-Mon's products are installed worldwide for tenant billing, cost allocation, demand side management, energy conservation, load profiling and green building programs in skyscrapers, shopping centers, airports, factories, office buildings, apartment buildings, college campuses and government facilities.