Honeywell To Buy Novar

Honeywell International Inc., Morris Township, N.J., has agreed to buy the British industrial holding company Novar plc for about $1.7 billion.

Novar plc, with reported 2003 revenue of $2.7 billion, is an international group whose core divisions are Intelligent Building Systems (IBS), Indalex Aluminum Solutions, and Security Printing Services. Novar’s IBS unit will enhance Honeywell’s offering of security, fire and building controls products and services, particularly in the United Ki

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