This strategic investment is structured to provide Honeywell with a path to full ownership of Trinity
Honeywell has announced a strategic investment in Trinity Mobility Private Limited, an India-based software company and provider of the leading internet of things (IoT) Smart Cities platform and software applications. This strategic investment, as Honeywell informed, will allow it to expand its smart cities capabilities by providing access to Trinity’s Smart City solutions.
“The combined capabilities of Honeywell and Trinity can allow cities of all sizes to improve services and provide a better experience for their citizens. In addition, the data generated from these technologies can help improve cities’ ability to plan, helping create a more hospitable and livable environment for its citizens,” noted Vimal Kapur, president and chief executive officer, Honeywell Building Technologies.
Honeywell on a path to full ownership of Trinity
This strategic investment, which is structured to provide Honeywell with a path to full ownership of Trinity, will allow Honeywell to more fully partner with cities that are expanding their smart city deployments or integrating new systems. Trinity’s capabilities complement Honeywell’s technologies for smart cities and global expertise in delivering integrated solutions for mission critical systems.
“We look forward to expanding our relationship with Honeywell to offer customers a complete technology solution for the complex integrations that are needed to create a truly smart city,” said M Ashok Kumar (Mak), founder and chief executive officer, Trinity.
He added, “Our combined expertise and Smart Cities IoT platform provide tremendous connected opportunities for smart city solutions globally for both existing and emerging cities to meet their sustainability and productivity goals as well as create a more engaging citizen experience.”
Honeywell and Trinity have worked together for more than five years to deploy multiple smart city projects, including the New Administrative Capital of Egypt and Faridabad in India.
