Honeywell to buy 25% stake in Chinese supply chain software firm

|About: Honeywell International, Inc. (HON)|By:, SA News Editor

Hoenywell (HON +0.2%) agrees to acquire a 25% stake in Chinese software provider Flux Information Technology, in a long-term bet on China’s rapidly growing logistics industry.

HON also will form a joint venture with Flux that will serve customers outside China in the Asia-Pacific region; it will own a 75% stake in the JV.

HON hopes the deal will boost its safety and productivity business - its smallest by revenue - that makes supply chain and warehouse automation software and equipment.

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