IK Investment Partners to sell Transnorm to Honeywell

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VII Fund has reached an agreement to sell Transnorm Group (“Transnorm” or “the Company”), a leading provider of automation technology used in parcel, distribution and e-commerce warehouses, to Honeywell International ("Honeywell") (NYSE: HON) for approx. MEUR 425.Founded in 1957, Transnorm has grown to become a global market leader for high-performance engineered conveyor solutions. The Company serves a global blue-chip customer base with strong relationships to all major system