Honeywell announced that it has signed an agreement to acquire a 25 per cent ownership interest in FLUX Information Technology, a leading provider of warehouse management and related supply chain software in China.
Honeywell will also form a new joint venture company with FLUX’s founder to serve customers outside China. Honeywell will hold a 75 per cent stake in the new joint venture, which will initially focus on opportunities in the Asia Pacific region. The investment in FLUX is expected to close by the end of the fourth quarter pending Chinese regulatory approvals.
FLUX develops and implements warehouse management systems and other software for customers in multiple industries, and is a leading player in China’s booming e-commerce, apparel, pharmaceutical, retail, third-party logistics, cold chain and manufacturing sectors. FLUX’s supply chain execution solutions include its Warehouse Management System, Transportation Management System, Order Management System and Data Exchange Platform.