Honeywell (NYSE:HON) announced today that it will buy Sparta Systems (Hamilton, N.J.) and its medtech and pharma quality management software for $1.3 billion.
Officials at Honeywell and Sparta Systems’ current owner New Mountain Capital expect the all-cash deal to close by the end of Q1 2021, pending certain regulatory approvals and other customary closing conditions.
The acquisition will enable Honeywell to leverage its global presence, Honeywell Forge and Sparta’s expertise to introduce new, integrated solutions, including QMS offerings, for life sciences and adjacent industries. Sparta Systems says its more than 400 customers include 42 of the top 50 pharma companies and 33 of the top 50 medical device companies.
“Sparta’s TrackWise Digital and QualityWise.aiSM are a welcome addition to Honeywell’s enterprise performance management software, Honeywell Forge, and will further enhance the link between quality and production data for life sciences manufacturers,” said Que Dallara, CEO of Honeywell Connected Enterprise.
“Our combined offerings will make it easier for customers to gain critical insights from manufacturing and quality data that can improve their manufacturing processes while ensuring product quality, patient safety, and supply chain continuity,” Dallara said in a news release.
Honeywell also plans to continue to enhance Sparta’s TrackWise Digital QMS by adding AI and machine learning capabilities to augment human decision-making. There are also plans to add new IoT-enabled connectivity between quality and operational data, with a goal of identifying manufacturing anomalies and triaging quality events in near real-time.
