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truly reflect the business we are in, and, the group that
we belong to globally, we are now Honeywell Electrical Devices
and Systems India Limited.
Novar renamed as Honeywell Electrical Devices &
Systems.
Novar India, a leading provider of switches and cable management
systems, today announced that its Management and Board of
Directors has approved a change in name of the company to
Honeywell Electrical Devices and Systems India Limited. This
is a strategic move in line with the transition planned for
the business unit, in order to further consolidate the company
within the Honeywell fold globally. However the company would
continue to market its products under the brand name “MK”.
Novar India, was acquired by Honeywell International in the
year 2004. Honeywell International added this business to
the company’s diverse portfolio in order to further
strengthen their Automation and Control Solutions (ACS) division.
Novar’s industry strengths, business presence and employees
have significantly contributed to Honeywell International’s
ACS division since the completion of the acquisition. This
name change signifies the successful transition of the company
into a Honeywell business unit, over the years.
On this occasion, Mr. Sadanand Teje, Managing Director, Honeywell
Electrical Devices and Systems India Limited said, “The
name change to Honeywell Electrical Devices and Systems India
Limited signifies our successful transition in becoming a
Honeywell business unit. The new name in addition to representing
the group we belong to, clearly defines the business we are
in. We are confident of building on a strong market position
that our brand enjoys and further extend our presence in India
under the new business name.”
The change in name is effective immediately and will not affect
the day-to-day operations of the company.
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