In a separate report, Honeywell announced on October 28, 2010 that it will sell its automotive sensor products business to Sensata Technologies for US$140 million.
The business unit supplies crankshafts, transmissions, wheel speed sensors, and other products to global automakers. Honeywell said that the business unit has annual sales of approximately US$130 million and is part of Honeywell Sensing and Control.
The transaction still needs approval. The transaction is expected to be completed in early 2011.
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