Honeywell to Pay $1.3 Billion for Life-Science Software Firm (1)

Honeywell International Inc. agreed to pay $1.3 billion for Sparta Systems, an industrial software provider that specializes in life sciences, in what would be the largest acquisition since Chief Executive Officer Darius Adamczyk took the helm in 2017.

The all-cash transaction is expected to close in the first quarter, Honeywell said in a statement Tuesday. Sparta, based in Hamilton, New Jersey, is part of the portfolio of private equity firm New Mountain Capital. Founded in 1994, the software maker employs about 250 people.

The deal bolsters Adamczyk’s strategy of marrying software capabilities with Honeywell’s industrial technology. Sparta, the largest ...