Jun 11, 1999|
Tata Honeywell to benefit from parent's global merger
The international merger of Honeywell and Allied Signal is expected to have a positive impact on the fortunes of Tata Honeywell by way of a broader product portfolio. The company will also emerge as a one-stop shop for industrial automation and electronic products. Tata Honeywell is a JV between Tata Industries and Honeywell, USA.
Accessing the impact of the global merger on Indian operations, Mr Makhija, Managing Director of THL said, 'The merger combines the potential of tow global players to create a Fortune 500 company that should help server our customers even better. The merger will have no impact on our operations. The positive spin-off is that we can look forward to an extended complimentary portfolio of offerings from a single source provider and our customers would derive greater value from the merger entity as the integration process is completed.
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