Honeywell Home spinoff company, Resideo, to be operational by end of 2018
By Jillian MorganGreen Technology HVAC Systems
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