Honeywell Buys Thermal, Energy Mgmt Provider Rocky Research; Mike Madsen Quoted

Honeywell (NYSE: HON) has purchased Rocky Research in a deal of an undisclosed sum that adds thermal, energy and power management platforms to the Charlotte, North Carolina-based industrial conglomerate's aerospace segment.

Uwe Rockenfeller — owner, president and CEO of Rocky Research — will retain his president title following the integration and the firm's headquarters in Boulder City, Nevada, will be the research-and-development center of the combined company, Honeywell said Wednesday.

The acquired entity previously helped the U.S. Army deploy power and thermal management equipment.

Mike Madsen, president and CEO of Honeywell Aerospace, said the company made the acquisition to help customers address cooling requirements for manned and unmanned vehicles.

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