Honeywell International said on Tuesday it would buy pump-maker Sundyne from private-equity firm Warburg Pincus for $2.16 billion in cash, as the U.S. conglomerate strengthens its energy business ahead of a planned three-way split.

Colorado-based Sundyne is a designer and manufacturer of pumps and gas compressors led by brands of Ansimag, HMD Kontro and Marelli.

(Reuters) -Honeywell International is closing in on a nearly $2.2 billion deal to buy pump-maker Sundyne from private-equity firm Warburg Pincus, the Wall Street Journal reported on Tuesday. Honeywell and Sundyne did not immediately respond to Reuters' requests for comments.

Honeywell has agreed to buy Sundyne from private equity firm Warburg Pincus for $2.16bn in an all-cash deal which is expected to close in the second quarter. Sundyne specialises in the design, manufacturing and aftermarket support of highly engineered pumps and gas compressors used in process industries.

Honeywell has agreed to acquire Sundyne from private equity firm Warburg Pincus in a US$2.16 billion an all-cash transaction.

Sundyne would bolster Honeywell’s remaining core offerings around critical equipment, automation and control systems for businesses. The separation of Honeywell’s automation a

Honeywell (NASDAQ:HON) said Tuesday it agreed to acquire pump and gas compressor maker Sundyne for $2.16B in cash, bolstering its remaining core offerings around critical equipment, automation and control systems for businesses.