Honeywell Aerospace acquires Nevada power and thermal management company
Honeywell has gained an advanced capability in the power and thermal management market with the acquisition of a privately held Nevada company that specializes in that field.
Honeywell Aerospace, which is based in Phoenix, will integrate Rocky Research as a wholly owned subsidiary and use its applications to reduce the size, weight, power and cost of Honeywell’s thermal and power management and hardware systems, Honeywell (NYSE: HON) said in an announcement.
“Rocky Research is an ideal addition to Honeywell’s expanding product portfolio. Effective cooling systems optimized for size, weight and power are critical to meet the growing need for aircraft electrification, unmanned and autonomous aerial vehicles, and related systems,” said Mike Madsen, president and chief executive officer of Honeywell Aerospace, in a statement. “Rocky Research will augment Honeywell’s existing technology capabilities in these areas.”
“Honeywell and Rocky Research are a highly complementary match, fortifying Rocky Research’s technology with Honeywell’s world-class supply chain and manufacturing resources to meet growing demands for this technology,” said owner, president and CEO Use Rockenfeller. “As a combined business, we will be able to provide our customer base with a full range of solutions, from prototyping and demonstration to complete product delivery and support.”
The company’s Boulder City, Nevada, headquarters will be a research and development center, while its other location in Huntsville, Alabama, will continue to be used for integration and testing.
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