Honeywell Group started as Honeywell Enterprises in 1972 as a food trading company servicing the West African region, after which it started importing dairy products, stock fish, glass, and steel rods from Europe and South Africa for the Nigerian market.
By 1980, the group expanded its offerings to include exporting cocoa. The company established Gateway Honeywell Flour Mills in partnership with the Ogun State Government in 1985, and in 1988, three subsidiaries of the group were established.
Its milling company was renamed Honeywell Flour Mills Limited in 1995, and the group’s footprint was set in the downstream oil sector with the establishment of Honeywell Oil & Gas Limited, now HOGL Energy, and after two years, it built a 23,000 metric tonne tank farm in Lagos.
Honeywell Group was part of the bidding consortium that won the bid to launch Econet Wireless, now Airtel, in Nigeria in 2001. By 2004, the group established Telecgsm Limited as a distributor of mobile phones and eventually became the largest distributor of mobile phones in West Africa.
In 2004, Pivot GIS was launched as a joint venture between Pivot Engineering Company Limited (PECL) and GIS Inc., an onshore construction, offshore maintenance, and brownfield activities company based in the Gulf of Mexico region in the USA.
Its mill subsidiary went public in 2009. Honeywell Group divested from Airtel Nigeria in 2013. The group launched its venture capital platform, Itanna in 2018 and by 2022, sold off its stake in Honeywell Flour Mills.
