Industry Headlines

GE Buys Honeywell

May 19, 2003
/ Print / Reprints /
/ Text Size+
General Electric (GE, Fairfield, CT) will buy Honeywell (Morristown, NJ) in a deal worth $45 billion. Jack Welch, GE chairman and CEO, will postpone his long-planned retirement to oversee the transition. Welch said Honeywell's core group of businesses is, "a perfect complement to GE's. Not only are the businesses a perfect fit, but so are the people and processes."

Honeywell is expected to close its Morristown, NJ, headquarters once federal agencies approve the purchase. The boards of both companies have already approved the acquisition.

GE is a technology, services and manufacturing provider. Honeywell is a manufacturer of high technology for buildings, homes and industry.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.




 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts


Quality Magazine


2014 April

Check out the April 2014 edition of Quality Magazine for features!
Table Of Contents Subscribe

Manufacturing Process

Has/does news about a manufacturers’ recall (like the GM recall in the news now) cause you or your company to reexamine its manufacturing process?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.



facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png