Honeywell To Buy Gardiner Group

Honeywell, Morris Township, N.J., agreed to acquire Gardiner Groupe Europe, a distributor of CCTV systems, fire alarm, intrusion alarm, access control, public address and integrated systems, from Electra Partners Europe, a private equity firm.

The Paris-based Gardiner Groupe Europe reported $260 million in revenue for 2005 and will join Honeywell’s ADI International business, a distributor of security and low-voltage products in Europe. Financials terms were not disclosed.

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