- December 07, 2017
- Honeywell Industrial Automation & Control
Honeywell will also form a new joint venture company with FLUX's founder to serve customers outside China. Honeywell will hold a 75 percent stake in the new joint venture, which will initially focus on opportunities in the Asia Pacific region
December 7, 2017 -- Honeywell announced it has signed an agreement to acquire a 25 percent ownership interest in FLUX Information Technology, a 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 percent 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 player in China's 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.
FLUX's offerings complement those of Honeywell Safety and Productivity Solutions, which develops hardware and software that improve productivity, enhance worker safety, and increase accuracy and throughput of supply chains.
Over the past decade, FLUX's business has grown. Its software now manages more than 12 million square meters of warehouse space in China. During China's Nov. 11 "Singles' Day" online shopping festival FLUX's solutions helped process up to 650,000 orders per warehouse per day. E-commerce sales currently total more than $1.3 trillion in the Asia Pacific region according to expert estimates, and sales are expected to more than double to $3 trillion by 2021.
FLUX Information Technology is a provider of logistics software and solutions in China. It provides supply chain execution solutions including Warehouse Management System (WMS), Transportation Management System (TMS), Order Management System (OMS) and Data Exchange Platform (Datahub) to customers in multiple industries, such as e-commerce, apparel, pharmaceuticals, retail, 3rd party logistics, cold chain and manufacturing.
Honeywell Safety and Productivity Solutions (SPS) provides products, software and connected solutions that improve productivity, workplace safety and asset performance for our customers across the globe.Learn More
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