Honeywell Expands Smart Energy Portfolio with Acquisition of SparkMeter Utility Platforms
Honeywell has expanded its Smart Energy portfolio through the acquisition of three utility platforms from SparkMeter Inc., a leading provider of grid management solutions. The acquisition includes SparkMeter’s intellectual property and certain related assets.
The acquired platforms—Praxis, GridScan, and GridFin—will be integrated into Honeywell Forge Performance+ for Utilities, significantly enhancing its capabilities. Praxis provides data insights and analytics to help utilities modernize and monetize assets, GridScan delivers real-time visibility into the performance and health of distribution grids, while GridFin focuses on financial management and cost optimization.
According to Amol Motivala, president of Honeywell Smart Energy, the acquisition addresses the growing challenges utilities face as energy demand rises. “By combining these SparkMeter technologies with Honeywell Forge Performance+ for Utilities, we will provide advanced tools that automate, simplify, and optimize daily planning, operations, and existing grid assets,” he said.
Honeywell emphasizes that the expansion of its smart energy portfolio will enable utilities to better manage evolving energy demands with more comprehensive data management, business intelligence, and analytics functionality.
The move is part of Honeywell’s broader strategic transformation, which includes the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials businesses. The company has also pursued an active acquisition strategy since June 2023, completing deals worth $14 billion.
Recent acquisitions include Compressor Controls Corporation, SCADAfence, Civitanavi Systems, CAES Systems, Sundyne, Li-ion Tamer, as well as business units from Carrier Global, Air Products, and Johnson Matthey. In parallel, Honeywell divested its Personal Protective Equipment business to Protective Industrial Products in May 2025.
By combining divestments with targeted acquisitions, Honeywell is reshaping its portfolio to focus on high-growth, technology-driven sectors.
