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Does sale of a technology mean Honeywell is exiting a business?

April 26, 2017Business exiting Honeywell mean sale Technology

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Does sale of a technology mean Honeywell is exiting a business?

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Not at all – Honeywell businesses are constantly engaged in the process of evaluating their current technology programs, in light of their business strategies. When strategies change, the underlying technology programs must change also. This shift in research priorities may result in valuable technologies, which no longer support current business plans, becoming available for sale.