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Honeywell to acquire majority stake In Fiplex

Honeywell has signed an agreement to acquire a majority stake in Fiplex Communications, Inc.

The acquisition will expand the in-building connectivity and communications solutions that Honeywell provides to its customers. Fiplex’s solutions will become a platform of innovation for Honeywell wireless technologies.

“We are looking to reshape how communications and connectivity within buildings work. The addition of Fiplex’s products and software allows us to move toward creating the next generation of fire and life safety solutions to keep both building occupants and first responders safer,” said Vimal Kapur, president and chief executive officer, Honeywell Building Technologies, in a prepared statement. “The Fiplex team brings superior engineering talent and unique capabilities for wireless communications that will enable us to enhance our in-building communications offerings and complement our innovative, industry-leading solutions.”

According to a 2017 International Association of Fire Chiefs (IAFC) survey by the Safer Buildings Coalition, 56 per cent of fire departments have experienced a communications failure in a building during an emergency event, leaving firefighters and other first responders virtually stranded in these situations after losing communications. In-building communications systems enable first responders to stay connected throughout a building that may have a poor cellular signal due to Low-E glass windows, energy-saving cladding or wall composition, and even in underground areas such as car parks.

“Honeywell has long demonstrated leadership in the fire and life safety industry, and we are pleased to join their team,” said Matias de Goycoechea, chairman and chief technology officer, Fiplex. “We look forward to working with Honeywell to expand our technological advancements and to support the creation of better-connected buildings.”