Why it’s so innovative: The life science industry will benefit from solutions that improve quality assurance, reduce compliance costs, verify process performance and help identify quality deviations in advance of the manufacturing process. The plan: Sparta will combine with our enterprise performance solution Honeywell Forge and Experion Process Knowledge System to enhance value for life sciences customers in the U.S., Europe and Asia. Sparta Systems will add leadership in next-generation, cloud and digital QMS SaaS platforms, analytics and artificial intelligence with augmented human decision-making capabilities. How it fits in the Honeywell portfolio: We have provided the world’s leading drug manufacturers and biomedical firms with advanced automation and process control technologies for over 30 years. Honeywell reiterated its goal of deploying 13 billion on either acquisitions or share buybacks between now and 2025, with the opportunity to tap the debt markets and spend about twice that if. Sparta brings to our portfolio an artificial intelligence-enabled enterprise quality management software offering, including a next-generation SaaS platform. Offers and availability may vary by location and are subject to change. Sparta’s reach: More than 400 customers, including 42 of the top 50 pharma companies and 33 of the top 50 medical device companies. Announced 1.3 billion acquisition of Sparta Systems We made several strategic acquisitions near year-end, highlighted by the announced acquisition of Sparta Systems in December. What Sparta Systems does: Pharmaceutical, biopharma, medical device and other life sciences customers use the software for digital quality management to automate and standardize quality processes. What: Sparta Systems provides enterprise quality management software (QMS), including a next-generation SaaS platform, for the life sciences industry. By acquiring Sparta Systems, we will help life sciences companies innovate. Bringing new medical therapies to market requires precision, quality assurance and process verification.
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