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Honeywell acquires gas detection company, RAE Systems


May 22, 2013 – Honeywell has announced a definitive agreement to acquire RAE Systems, a privately held manufacturer of fixed and portable gas and radiation detections systems, and software for $340 million. The purchase price translates to approximately thirteen times RAE Systems’ estimated 2013 earnings before interest, taxes, depreciation and amortization (EBITDA), or approximately six times on a synergy adjusted run-rate basis integrating with Honeywell’s gas portfolio, it said.