Honeywell International announced Wednesday that it will sell its First Technology Safety Systems unit, which provides integrated crash testing solutions (including an extended family of crash test dummies), to a European private investment group for $87.3 million.
FTSS is based in Plymouth, Michigan and is a subsidiary of First Technology plc. Acquisition of the U.K.-based parent company by Honeywell was completed just last week, for $508 million. Unfortunately for the dummies, Honeywell bought First Technology for its gas sensing business, not its automotive operations.
FTSS's crash business is pretty interesting, actually. Their website is worth a quick look if you're the technologically curious type.
[Sources: First Technology, Reuters]
FTSS is based in Plymouth, Michigan and is a subsidiary of First Technology plc. Acquisition of the U.K.-based parent company by Honeywell was completed just last week, for $508 million. Unfortunately for the dummies, Honeywell bought First Technology for its gas sensing business, not its automotive operations.
FTSS's crash business is pretty interesting, actually. Their website is worth a quick look if you're the technologically curious type.
[Sources: First Technology, Reuters]
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