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]