Honeywell To Invest In Leading Chinese Supply Chain Software Provider And Form A New Joint Venture To Pursue Opportunities Outside China
(World News Science)

-- Honeywell acquiring 25 percent ownership interest in FLUX Information Technology in China and will hold 75 percent stake in new joint venture -- The partnership enhances Honeywell`s Connected Supply Chain offerings and advances its software-industrial strategy FORT MILL, S.C., Dec. 7, 2017 /PRNewswire/ -- Honeywell (NYSE: HON) announced today it has signed an agreement to acquire a 25 percent ownership interest in FLUX Information Technology, a leading provider of warehouse management and related supply chain software in China. Honeywell will also form a new joint venture company with FLUX`s founder to serve customers outside China. Honeywell will hold a 75 percent stake in the new joint...