Honeywell has acquired Nexceris’s Li-ion Tamer business, which offers off-gas detection solutions for lithium-ion batteries that identify thermal runaway events. This acquisition adds to Honeywell’s fire life safety technologies within its Building Automation segment. Over the past five years, Honeywell and Nexceris partnered to address lithium-ion battery system safety. The deal is expected to have a positive impact on Honeywell’s financials immediately.
As the demand for lithium-ion batteries is expected to grow by over 30% annually through 2030, reaching more than $400 billion, battery safety solutions are becoming increasingly crucial for sectors such as renewable energy and cloud computing. And effective monitoring and early detection can help prevent or mitigate the effects of thermal runaway in energy storage systems.
Li-ion Tamer uses early warning technology to detect battery off-gassing, which typically occurs before thermal runaway. And this technology provides facilities with crucial time to intervene before a battery fire starts, offering a warning up to 30 minutes in advance. Leading battery OEMs worldwide trust Li-ion Tamer’s detection capabilities.
The Li-ion Tamer product portfolio, which includes over 30 global patents, will be integrated into Honeywell’s Building Automation business. This integration enables Honeywell to offer a comprehensive suite of fire detection products that complement its existing advanced smoke detection technology and life safety solutions, including VESDA and Connected Life Safety Services hosted on the Honeywell Forge IoT Platform.
This deal follows Honeywell’s announcement of the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials businesses, resulting in three publicly listed companies. Since December 2023, Honeywell has announced several strategic actions to drive organic growth and streamline its portfolio, including acquisitions worth $13.5 billion, such as Access Solutions from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products, Sundyne, and Johnson Matthey’s Catalyst Technologies Business. Honeywell also sold its Personal Protective Equipment business to Protective Industrial Products last month.
KEY QUOTE:
“As lithium-ion battery use grows rapidly across data centers, EV infrastructure, and grid-scale energy storage, the risk of fire is increasing in parallel. Li-ion Tamer’s early warning technology has been revolutionary for our customers and partners over the last five years. Building on our legacy partnership, the acquisition of this product suite will position Honeywell as a leader in early gas detection and battery fire prevention. We expect this tuck-in acquisition to further bolster growth of our fire detection business.”
Billal Hammoud, President and CEO of Honeywell’s Building Automation segment
