Honeywell acquires Sparta Systems, an AI-based SaaS platform provider for the life science industry, for $1.3 billion. Sparta was a privately owned company based out of New Jersey, with offices across Europe and Asia. Founded in 1994, Sparta has over 400 customers, including 42 of the top 50 pharma companies and 33 of the top 50 medical device companies.
According to Honeywell, the all-cash acquisition of Sparta will provide the world’s leading drug manufacturers and biomedical firms with advanced automation and process control technologies for over 30 years.
“Sparta’s TrackWise Digital® and QualityWise.aiSM are a welcome addition to Honeywell’s enterprise performance management software, Honeywell Forge, and will further enhance the link between quality and production data for life sciences manufacturers,” said Que Dallara, president and chief executive officer of Honeywell Connected Enterprise.
“Our combined offerings will make it easier for customers to gain critical insights from manufacturing and quality data that can improve their manufacturing processes while ensuring product quality, patient safety, and supply chain continuity.”
With Sparta, Honeywell will double down to offer superior AI-based life sciences solutions for the healthcare industry. Due to COVID-19, the need for effective solutions that automate the process in life sciences has increased rapidly, leading to more demand for digital products.
Honeywell is a pioneer in the automation industry and has been offering next-generation solutions to a wide range of companies. By integrating Sparta’s capabilities into Honeywell Forge platform and Experian Process Knowledge System, the company can assist highly regulated organizations in ensuring quality, compliance, documentation, training and supplies.