Honeywell (ticker: HON) is buying New Jersey-based Sparta Systems for $1.3 billion in cash. Sparta makes quality management software solutions, enhanced with artificial intelligence, for the life science industries. The deal opens up new a new life-science end market for Honeywell.
Sparta has about 250 employees and serves more than 400 customers, including 42 of the world’s top 50 pharmaceutical companies and 33 of the top 50 medical device companies.
“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,” said Que Dallara, president and chief executive officer of Honeywell Connected Enterprise in the company’s news release.