Honeywell Expands Smart Energy Portfolio With Tuck-In Acquisition Of Three Utility Platforms From SparkMeter

Expands Honeywell's Smart Energy Portfolio and Builds on Existing Capabilities of Honeywell Forge Performance+ for Utilities

CHARLOTTE, N.C., Aug. 20, 2025 /PRNewswire/ -- Honeywell (NASDAQ:HON) today announced the expansion of its Smart Energy portfolio with the tuck-in acquisition of three utility platforms from SparkMeter, Inc., a provider of leading grid management solutions for utilities. The acquisition includes intellectual property as well as certain related assets from SparkMeter.

The integration of these grid intelligence technologies from SparkMeter significantly enhances Honeywell Forge Performance+ for Utilities, enabling the delivery of scalable, data-driven solutions designed to modernize grid infrastructure and address the increasing demand for energy.

The platforms Honeywell is acquiring include:

• Praxis, a data platform designed to deliver insights and analytics that help utilities modernize, maximize, and monetize their assets.
• GridScan, a software application that provides simple and immediate visibility into the operational performance and health of distribution grids.
• GridFin, a financial management application that analyzes and manages energy supply costs, optimizes customer rates, and improves overall financial performance.