Honeywell Home spinoff company, Resideo, to be operational by end of 2018
Honeywell has announced that Resideo will be the name of its new company, created through a spin-off of its Home and ADI Global Distribution businesses.
The spin-off is expected to be complete by the end of the year.
Products from Resideo – a combination of the words “residence” and “presidio,” meaning fortress – include connected thermostats, whole-home professionally installed and monitored security systems, do-it-yourself home awareness and security systems, carbon monoxide and fire detection devices, furnace and boiler controls, water leak and freeze detection products, whole-home air purifiers and humidifiers, and software applications. These will go to market under the Honeywell Home brand as part of a long-term licensing agreement with the company.
Resideo, an independent company, will include a network of 110,000 contractors, 3,000 distributors and 1,200 original equipment manufacturers.
ADI Global Distribution has more than 200 physical locations in nearly 20 countries, in addition to a network of more than 100,000 contractors. It will retain its name and remain as a freestanding distribution business of Resideo. www.resideo.com
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