The Board of Directors at Honeywell has completed the comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and has released a statement to the effect that it intends to pursue a full separation of Automation and Aerospace Technologies.

The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed industry leaders with distinct strategies and growth drivers. The separation is intended to be completed in the second half of 2026 and in a manner that is tax-free to Honeywell shareholders.

Three independent companies

“The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers,” said Vimal Kapur, Chairman and CEO of Honeywell. “Our simplification of Honeywell has rapidly advanced over the past year, and we will continue to shape our portfolio to create further shareholder value. We have a rich pipeline of strategic bolt-on acquisition targets, and we plan to continue deploying capital to further enhance each business as we prepare them to become leading, independent public companies.”

“Building on decades of innovation as its heritage, Honeywell Automation will create the buildings and industrial infrastructure of the future, leveraging process technology, software, and AI-enabled, autonomous solutions to drive the next generation of productivity, sustainability and safety for our customers,” Kapur added. “As a standalone company with a simplified operating structure and enhanced focus, Honeywell Automation will be better able to capitalise on the global megatrends underpinning its business, from energy security and sustainability to digitalisation and artificial intelligence.”

“As Aerospace prepares for unprecedented demand in the years ahead across both commercial and defence markets, now is the right time for the business to begin its own journey as a standalone, public company,” Kapur continued. “Today’s announcement is the culmination of more than a century of innovation and investment in leading technologies from Honeywell Aerospace that have revolutionised the aviation industry several times over. This next step will further enable the business to continue to lead the future of aviation.”

Honeywell Automation

Following the completion of these transactions, Honeywell will be the global leader of the industrial world’s transition from automation to autonomy, with a comprehensive portfolio of technologies, solutions, and software to drive customers’ productivity. Honeywell Automation will maintain global scale, with 2024 revenue of $18 billion. Honeywell Automation will connect assets, people and processes to power digital transformation, building on decades-long technology leadership positions, deep domain experience, and a vast installed base to serve a variety of high-growth verticals.

Honeywell Aerospace

Honeywell Aerospace technology and solutions are used on virtually every commercial and defence aircraft platform worldwide and include aircraft propulsion, cockpit and navigation systems, and auxiliary power systems. With $15 billion in annual revenue in 2024 and a large, global installed base, Honeywell Aerospace will be one of the largest publicly traded, pure play aerospace suppliers, with leading positions in technology and systems that will continue to deliver the future of aviation through increasing electrification and autonomy of flight.

Advanced Materials

The Advanced Materials business will be a sustainability-focused specialty chemicals and materials pure play with leading positions across fluorine products, electronic materials, industrial grade fibres, and healthcare packaging solutions. With nearly $4 billion in revenue last year, Advanced Materials offers leading technologies with premier brands, including the breakthrough low global warming Solstice hydrofluoro-olefin (HFO) technology. As a standalone company with a large-scale domestic manufacturing base, it will be positioned to benefit from a compelling investment profile and a more flexible and optimized capital allocation strategy.

Honeywell continues simplification process

Honeywell remains on pace to exceed its commitment to deploy at least $25 billion toward high-return capital expenditures, dividends, opportunistic share purchases and accretive acquisitions through 2025. The company intends to continue its portfolio transformation efforts during the separation planning process to enhance the value proposition of each business.

Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio. This includes approximately $9 billion of accretive acquisitions: the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, and the liquefied natural gas (LNG) business from Air Products. In addition, the company entered into an agreement to divest its Personal Protective Equipment business which is expected to close in the first half of 2025.

In a strategy to grow the company’s US footprint, UK access control manufacturer Paxton, has invested $10 million in a project resulting in the opening of its new US headquarters in  Greenville, SC.

Adam Stroud, Paxton CEO, said: “Paxton’s new US headquarters has been built to a world-class standard. It reflects the scale of our ambition and belief in Greenville as a fantastic hub to recruit talented people and service business growth in the North American market. We anticipate a rapid expansion of our technology manufacturing capability and delivery of associated services, generating jobs in the local community.”

The new 29,000-square-foot building houses a manufacturing facility, installer training center, and customer service team. The space is modern, efficient, and flexible.

Sholto Brotherton-Ratcliffe, Paxton’s Owner, said the new building is the physical embodiment of Paxton’s vision for the U.S. market.

“It’s not only a wonderful place to be in the present, but it leaves ample headroom for growth and success in the future.”

New global research from the IBM Institute for Business Value and Palo Alto Networks, found that surveyed organisations are facing security complexity challenges as they juggle an average of 83 different security solutions from 29 vendors. It also shows 7 out of 10 surveyed companies with a high degree of security platformisation report their cyber security investments have helped business outcomes such as operational efficiencies and revenue generation.

In the study, “Capturing the cybersecurity dividend: How security platforms generate business value,” more than half (52%) of surveyed executives note fragmentation of security solutions is limiting their ability to deal with cyber threats, but 75% of organisations that have embraced security platformisation agree that better integration across security, hybrid cloud, AI, and other technology platforms is crucial. The analysis suggests the trend of adding more solutions to combat evolving security threats is contributing to inefficiency – impacting both performance and the bottom line – while moving to a platformised security approach can help businesses achieve reduced response times and costs without sacrificing security efficacy.

Cyber attacks are becoming more sophisticated

Increased digital interconnectedness expands attack surfaces and can create new cyber security vulnerabilities. Cyber attacks are becoming more sophisticated and harder to defend against, while AI is being used by both defenders and attackers, creating a race in cyber security capabilities.

In an evolving threat landscape, surveyed executives estimate security fragmentation and complexity costs their organisations an average of 5% of their annual revenue. For a $20 billion annual revenue company, that’s a $1 billion cost to the business in aggregate. Tally the costs of security incidents, lost productivity, failed digital transformations, stalled AI initiatives, loss of customer trust and reputational damage and the numbers add up.

“Organisations continue to be challenged with updating their security posture to address new threats, while simultaneously being pressed to reduce complexity and decrease spend,” said Mark Hughes, Global Managing Partner for Cybersecurity Services, IBM. “Security executives need to enable innovation, protect assets and derive value from their cyber security investments to help their organisations thrive and further their business goals.”

Platformisation approach

“We have seen the positive impacts of adopting a platformised approach to security, and the benefits it delivers to organisations. In today’s AI-fueled world, strong partnerships are more essential than ever,” said, Karim Temsamani, President, Next Generation Security, Palo Alto Networks. “IBM and Palo Alto Networks are aligned on a common vision of creating better outcomes for our customers – whether in value, operational, or security…and platformisation accomplishes all of them. This isn’t just about improving fragmentation today, it’s about enabling better outcomes for the future.”

By adopting a platformisation approach, businesses can align technologies, drive innovation, and prioritise security as a core business requirement. Through partnerships, such as IBM and Palo Alto Networks’ strategic partnership, companies can bring together leading security platforms, AI, and transformation capabilities to help effectively navigate the digital transformation journey, achieve their desired outcomes and drive substantial business value.

An integrated video surveillance and intercom solution from IDIS is boosting profitability and supporting expansion for Anytime Fitness health clubs in Belgium and the Netherlands.

Part of a global franchise of more than 5,200 gyms, all 130 Anytime Fitness clubs in Belgium and the Netherlands now benefit from IDIS video surveillance which allows efficient and flexible remote management of the gym facilities on phones and tablets, via the IDIS Mobile Plus app.

In addition, the latest system also includes integration with the award-winning the IDIS Video Intercom (DC-I6216WRX), making it easy to provide smooth but secure access for club members, 24/7.

A key attraction of the Anytime Fitness brand is that members enjoy a consistent, high quality experience wherever they are worldwide, with any club accessible with just one key. Now, at the new location in Dongen on-duty staff including physiotherapists and instructors can use the IDIS system to see who is at the door without having to interrupt what they are doing, preventing tailgating and ensuring a warm welcome for members.

Clear images from the intercom can be viewed on staff phones or tablets and the door opened remotely with a simple tap on the screen. In the event of any incident or query, images can be easily retrieved along with the ID of any members who were using the premises at the time.

The IDIS end-to-end approach which has proved so successful at Anytime Fitness – with a combination of IDIS 2MP dome and bullet cameras, NVRs, VMS software, intercoms units, and system accessories, all instantly compatible – reduces cabling and installation time and ensures efficient system use.

Lars Bijleveld, Anytime Fitness franchise owner in Dongen and Made, praised the quality of the video footage captured by the IDIS system, including the video intercoms:

“The added value of the Video Intercom quickly becomes apparent,” Mr. Bijleveld said. “When someone rings the doorbell, you can quickly see on your phone or tablet who is there, communicate and open the door if necessary. The physiotherapist also no longer has to leave his treatment room. And if a prospective member is at the door during unmanned hours, I can immediately schedule an appointment.”

To discover the benefits of IDIS solutions, please visit www.idisglobal.com.

The Adria Security Summit Powered by Intersec returns on October 8-9, 2025, at the prestigious Hotel Aleksandar Palace in Skopje, North Macedonia. This year’s event coincides with the Summit’s 10th anniversary, celebrating its journey since its inception in Sarajevo in 2015.

With over 150 exhibitors and 3,000 participants expected, the Summit continues to be the premier gathering for the security industry in the region. The venue’s Hall 1 is nearly fully booked, underscoring the strong interest from leading companies in video surveillance, cyber security, fire safety, IoT, AI, automation, smart homes, and more.

Attendees will also benefit from the redesigned Summit website, offering an improved user experience to streamline event participation.

The 2025 edition will again feature a Buyer Delegation Program, welcoming decision-makers from top companies and institutions across the region. This initiative fosters knowledge sharing, showcases the latest technologies, and encourages new business partnerships.

Additionally, the prestigious a&s Adria Awards for achievements in security, which debuted last year, will return to honor exceptional products and individuals across different categories.

The conference will offer innovative and audience-focused content, highlighting collaboration between regional businesses and international corporations. Participants will gain insights into advanced solutions that address the evolving security needs of modern infrastructure and urban environments.

Be part of the region’s premier security event as it marks a milestone in its journey of regional impact. For more details, visit www.adriasecuritysummit.com.

Life-safety systems manufacturer, C-Tec, has launched an innovative range of ultra-safe fire alarm mains isolator key switches. Designed for use on all types and makes of fire alarm system, the BF326 series allows the mains to a fire panel to be switched on/off as per the requirements of BS 5839-1.

Available in red or white in flush or surface and with or without an LED Indicator, they can help to keep engineers safe during routine testing and maintenance. Supplied with a plastic key and plastic key switch mechanism to reduce the risk of electric shocks, they have no exposed metal or conductive parts so no earthing is required. Fitted with a 5A high rupture capacity fast blow fuse, they feature a mechanically linked double pole switch to prevent the risk of contacts welding together and false isolated readings on LED variants.

Brian Foster, C-Tec’s UK Sales Manager, said: “Our new fire alarm mains isolator key switches are robust, reliable and very versatile. As with all our products, they are manufactured here in the UK at our multiple third-party certified facility to the highest quality standards. For additional assurance, all variants have been independently tested to the prime insulation and isolation requirements of IEC/EN 60669. They also have an optional branding label that allows them to be used on evacuation alert and emergency voice communication systems too.”

According to the latest research published by Marketsandmarkets, the traffic management market is expected to reach USD 75.74 billion by 2029 from USD 43.53 billion in 2024, at a CAGR of 11.7 % during 2024–2029.

The research finds that governments worldwide have strong visions of improving traffic management across cities and fulfilling future mobility demands. They are undertaking several initiatives to provide better infrastructures, enhance security and safety, and offer seamless traffic flow. These factors are strong indicators of the economic development of a region. Smart city and intelligent transportation initiatives have boosted the traffic management market. For instance, the Land Transport Authority (LTA), Singapore, along with Intelligent Transportation Society Singapore (TSS), has developed a master plan, Smart Mobility 2030, to enhance the travellers’ experience and the country’s existing transportation systems. Regional governments are encouraging private companies to develop and renovate road infrastructures. Governments are working with private organisations to finance and deliver traffic management projects.

The private enterprise end-user segment to see strong growth

Private enterprises use advanced traffic solutions to make their operations more effective and create better customer experiences while saving money. Businesses that run logistics, transportation, retail, and entertainment services depend on good traffic flow to ensure deliveries arrive on time and give customers easy access while running their operations well. Private companies use Intelligent Transportation System (ITS) and traffic data technology to plan better routes and control their vehicle fleets while offering automated parking systems to their customers. Big shopping malls, sports stadiums, and business campuses use traffic management systems to handle crowds during busy times. These solutions improve operations, benefiting the environment and boosting company profits.

Implementation services to contribute largest market share

The implementation services install and connect advanced solutions to improve traffic management while making roads safer and less congested. This involves installing ITS, traffic lights that adapt to conditions, video cameras for surveillance, and Vehicle-to-Everything (V2X) networking hardware. Service providers link new technology to current systems to solve problems at both urban and intercity traffic levels. Service providers configure systems and test operations while teaching authorities how to use the new systems. The implementation services segment helps update transportation systems to reach permanent mobility objectives through real-time monitoring and automated traffic management.

Regional analysis

Asia Pacific, home to nearly 40% of the world’s population, is witnessing diverse implementations of traffic management technologies. Fast urban growth and rising population numbers make traffic management difficult across the Asia Pacific. Densely populated countries such as China and India deal with severe traffic congestion problems. Asia holds six of the world’s top ten congestion hotspots, and Bengaluru and Manila stand out among them. The researchers found that various Asian nations are implementing major traffic management projects to solve transportation problems through initiatives such as Australia’s Gateway WA Perth Airport and India’s Smart City Kochi. These projects work to upgrade transportation systems and make traffic easier to handle. Modern sensors and internet connectivity help analyze real-time traffic data to develop advanced management systems while giving drivers accurate info to avoid traffic delays.

Key players

The report profiles some of the key players in this sector such as Cisco, Mundys SpA, Swarco, Siemens, IBM, Kapsch Trafficcom, Thales Group, Q-Free, PTV Group, Teledyne Flir Systems Inc., Cubic Corporation, Tomtom, Huawei, ST Engineering, Chevron, Indra Sistemas, and Econolite.

CREAPLUS, one of the leading providers of comprehensive IT and cybersecurity solutions and services in Slovenia and the region, has signed an agreement with Coro to distribute its eponymous cybersecurity platform in the countries of the Western Balkans.

By offering the Coro platform, CREAPLUS aims to strengthen the cybersecurity of micro, small and medium enterprises, which are the most vulnerable group in cyberspace. The solutions offered by this platform will primarily benefit regional providers of managed cybersecurity services in the micro, small and medium enterprise segment: providers who’s operational and business performance is directly linked to the use of affordable, efficient and highly productive solutions for their security operations centers.

“The state of cybersecurity in the micro, small and medium enterprise segment is concerning. As global trends and reports from local cybersecurity response centers show, cybercriminals are targeting this segment of businesses, where it is easier to make money through various forms of attacks, from fraud and extortion to identity theft and other sensitive data,” said Mitja Trampuž, CEO of CREAPLUS.

Based on the Coro platform, regional security operations center service providers will be able to offer customized managed cybersecurity services to the most price-sensitive and consequently most under-secured segment of businesses. Furthermore, the Coro platform’s ease-of-use and AI-automated processes make it an ideal solution for cybersecurity service providers serving markets with severe staffing shortfalls and the need to ensure maximum productivity due to cost pressures.

According to Trampuž, Coro’s technologies are virtually the only ones designed from the ground up with micro, small and medium-sized businesses in mind.

“This is a specific group of users where cyber protection needs to be high quality and comprehensive, yet simple and affordable for these companies and their cybersecurity partners to even be able to take it on. Coro is the answer to the challenges faced by managed cybersecurity service providers in this market segment who are looking for the most efficient technology solutions for their security operations centers,” added Trampuž.

“We are thrilled to partner with CREAPLUS to bring Coro’s cybersecurity platform  to the Western Balkans. This collaboration aligns with our mission to provide affordable, comprehensive, and automated cybersecurity to SMBs and managed service providers in underserved markets. CREAPLUS has a strong regional presence and deep expertise in IT security, making them the perfect partner to expand our reach and help businesses in the region stay protected against evolving cyber threats. We look forward to working together to empower small IT teams and enhance security operations across the region.” Piers Morgan, Senior Vice President and General Manager of EMEA at Coro, on the Partnership with CREAPLUS.

With the Coro platform, lean IT teams and cybersecurity service providers can deliver comprehensive and easy-to-use managed cyber protection in one place. Coro’s platform empowers organizations to easily defend against malware, ransomware, phishing, data leakage, network threats, insider threats and email threats across devices, users, networks and cloud applications.

About Coro

Coro, the leading cybersecurity platform for small and midsize businesses, revolutionized cybersecurity with the introduction of the world’s first modular cybersecurity platform in 2023. Coro’s platform empowers organizations to easily defend against malware, ransomware, phishing, data leakage, network threats, insider threats and email threats across devices, users, networks and cloud applications. Coro’s platform automatically detects and remediates the many security threats that today’s distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves. Ranked on the 2024 Deloitte Technology Fast 500 for its second consecutive year, Coro is one of the fastest growing cybersecurity companies in North America today.

The best of both worlds: former CEO Hayden Burr transitions to Chief Innovation  
Officer role while welcoming new Chief Executive Officer Andy Bane

Integrated Control Technology (ICT), a leading manufacturer of intelligent access control and security solutions, announced today the appointment of Andy Bane as Chief Executive Officer (CEO). Andy succeeds ICT founder and former CEO Hayden Burr, who will transition to the role of Chief Innovation Officer.

By investing in the future, ICT is positioning itself to drive greater value, create new opportunities, and strengthen relationships worldwide. Under Andy’s leadership, ICT will focus on scaling its operations, strengthening its go-to-market strategies, and advancing its technology platform to anticipate and meet evolving customer needs.

Founded in 2003, ICT continues to be driven by a firm commitment to helping partners and customers secure their success. This leadership transition embodies a strategic investment in ICT’s future growth. ICT’s appointment of Andy Bane as CEO and Hayden Burr as Chief Innovation Officer will leverage both their unique skills sets, providing the best of both worlds to benefit ICT, its partners, and customers.

New CEO Andy Bane Brings Decades of Operational Excellence 

Andy Bane brings more than three decades of leadership, innovation, and growth experience across venture-backed startups, private equity (PE)-backed scale-ups, and publicly traded enterprises. Most recently, he served as CEO of Element, a SaaS industrial software company specializing in data solutions for operational excellence. His track record includes roles at ABB Enterprise Software, Ventyx, and Global Energy Decisions, where he successfully led teams in developing and scaling solutions that combine hardware and software for integrated customer value.

“I’m honoured to welcome Andy to ICT,” said founder Hayden Burr. “We’re excited about the new energy and perspective he will bring to ICT, and how his decades of operational excellence will help us continue to scale our operations, strengthen our go-to-market strategies, and advance our technology platform to meet our customers ever-evolving needs.”

“I am thrilled to join ICT at such a pivotal moment of their journey,” said new CEO Andy Bane. “Hayden and the ICT team should be proud of what they have built the past 20 years. I’m inheriting an impressive foundation with a differentiated product portfolio, a global customer base, and a dedicated team. I look forward to working alongside this talented group to expand our reach, continue to find ways to best serve our customers and to build on the company’s legacy of innovation and customer success.”

Hayden Burr Assumes Role of Chief Innovation Officer

As Chief Innovation Officer, Hayden Burr will continue to bring expert security market intelligence, unparallelled ICT product expertise, and a comprehensive understanding of ICT’s history and the principles that have shaped the company’s success thus far.

When asked about his transition into his new role as Chief Innovation Officer, Hayden shared: “After more than 20 years leading ICT, I’m excited to pivot to a role that will enable me to think deeply about future needs, and where things are headed…to think not only about product innovations, but also all the ways we can evolve as a company to better meet the needs of our partners and customers.”

Securing Your Success Starts with Listening

The foundation of any strong partnership is two-way communications. In that spirit of partnership, ICT wants to hear from current and future ICT customers, ICT dealers and integrators, and technology partners. What needs and opportunities do you see?  Please share your ideas, questions, or feedback by visiting ict.co/best-of-both-worlds.

For more information or to inquire about interview availability, please contact Aude Desbrières, Operational Director EMEA at ICT, at adesbrieres@ict.co or +44 7939 336991.