Honeywell International Inc. (HON) Announces Acquisition of Three Utility Platforms from SparkMeter, Inc.

With significant upside potential, Honeywell International Inc. (NASDAQ:HON) secures a spot on our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.

Honeywell International Inc. (NASDAQ:HON) is increasing its focus on smart energy as part of its continuing portfolio restructuring. On August 20, 2025, the firm announced the acquisition of three utility platforms from SparkMeter, Inc.—Praxis, GridScan, and GridFin—to bolster its Honeywell Forge Performance+ for Utilities portfolio.

The agreement provides utilities with advanced grid information, analytics, and financial management capabilities to help them modernize infrastructure and meet rising energy demand more efficiently. The acquisition follows Honeywell International Inc. (NASDAQ:HON)’s broader strategic realignment, which includes the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials units, as well as a series of $14 billion acquisitions since 2023, highlighting the company’s shift toward high-growth, technology-enabled solutions.

Honeywell International Inc. (NASDAQ:HON) is a global provider of aerospace, industrial automation, building automation, and energy solutions, with sophisticated technologies that modernize industries, optimize operations, and promote long-term growth. It is one of the Best Quantum Computing Stocks.

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