HVAC News: Honeywell Acquires Elster
Honeywell, a leading manufacturer of heating and cooling systems and solutions, has recently acquired another, smaller company, Elster. Previously, Elster was a division of Melrose Industries, specializing in thermal heating solutions like gas furnaces, natural gas commercial heating systems, “smart home” HVAC automation software, thermostats, and many other common HVAC products. Importantly, Elster also manufactures computers, software, and other regulatory products for the gas industry itself.
Elster, a healthy division that made over $1.8 billion in total sales for 2015, has been acquired by Honeywell for the impressive sum of $5.1 billion. Honeywell hopes that the acquisition of Elster will help the brand to experience greater growth in the coming years. Honeywell also plans to integrate Elster’s products with their own proprietary heating systems, HVAC software, and other product lines.
Elster is a brand focused primarily on natural gas powered industrial and commercial heating systems, and one of the most important parts of the Honewell acquisition is their sophisticated software systems. Computerized control over commercial and industrial HVAC is nothing new, although “smart home” automation has recently developed a strong presence in the consumer market as well. These software systems are integral to effective, efficient cooling for factories, warehouses, large retail stores, and other commercial buildings. With Honeywell at the helm, the Elster brand should develop even more innovative solutions in the future.
To find out more about 24-hour HVAC services in New Jersey, call our air conditioning repair professionals today at All Done HVAC, at 201-540-0977. We serve the state of New Jersey with fast, reliable heating repairs, HVAC installation, air conditioning repairs, and more.
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