Honeywell Plans to Acquire JDA Software for $US3 Billion
REPORTS in WSJ suggest Honeywell International is in the process of acquiring JDA Software Group for $US3 billion.
According to WSJ, Honeywell CEO David Cote recently pointed out that nearly half of the company’s 23,000 engineers now work on software.
It’s a lateral move from Honeywell and a clever one, if the reports prove correct. JDA sells software that assists retailers optimize supply chains and merchandising. Major clients include Walmart and Advance Auto Parts.
WSJ suggests the deal could be finalised early next week. ♦