Our Story

Let’s Trade

(1972-1982)

In 1972, Honeywell Enterprises was born in a bold move that formalised Oba Otudeko's food trading operations in West Africa. Our high-quality products, ranging from baking yeast, milk, and stock fish to glass and steel rods, were sourced from across the globe.

As the 1980s dawned, so did Honeywell Enterprises' era of growth and expansion. Our spirit of innovation sparked our diversification into the production sector with our new businesses, Poly Ventures Limited and Coral Products, manufacturing polypropylene sacks and crockery, respectively. We also made a strategic entry into cocoa exports, then a primary foreign exchange earner for Nigeria.

Decade Milestones

1972

Honeywell Group Limited was established to trade food commodities in West Africa.

1980

Honeywell Group began exporting cocoa, Nigeria's leading agricultural export.

1980

Our first two portfolio companies, Poly Ventures Limited and Coral Products, were set up to manufacture polypropylene sacks and bags and crockery, respectively.

1972

1983

A Gateway to Bolder Ventures

(1983-1992)

In our second decade, our reputation for excellence paved the way for strategic partnerships. Honeywell Enterprises and the Ogun State Government established Gateway Honeywell Flour Mills in 1985. This Honeywell decade was marked by ventures into new territories, with the formation of Honeywell Fisheries Limited, Honeywell Construction Limited, and Pivot Engineering Company. Notably, our launch of Pavilion Technology reflected our foresight in identifying and adopting emerging trends in the security tech sector. By 1992, we had significantly expanded our reach, providing essential services from food to infrastructure and security.

As the 1980s dawned, so did Honeywell Enterprises' era of growth and expansion. Our spirit of innovation sparked our diversification into the production sector with our new businesses, Poly Ventures Limited and Coral Products, manufacturing polypropylene sacks and crockery, respectively. We also made a strategic entry into cocoa exports, then a primary foreign exchange earner for Nigeria.

Decade Milestones

1985

Honeywell Group and the Ogun State Government established Gateway Honeywell Flour Mills to manufacture and market wheat-based products.

1988

Honeywell Fisheries Limited was founded to consolidate our fish products segment.

1988

We ventured into the construction industry with Honeywell Construction Limited (later renamed Skyview Estates Limited).

1988

Pivot Engineering Company began providing comprehensive Engineering, Procurement, and Construction (EPC) services.

1991

We launched Pavilion Technology to provide technology-driven security solutions.

1991

Honeywell Fisheries began deep-fishing with two trawlers.

1983

1972

1993

Exponential Growth Across Frontiers

(1993-2002)

1993 marked a pivotal chapter as we relocated our headquarters from Oyo to Lagos, Nigeria's economic hub. Two years later, we rebranded our flour milling company into Honeywell Flour Mills Limited, then bolstered its operations by commissioning a 200MT/day milling plant. We also entered the energy sector with the 1995 creation of Honeywell Oil & Gas Limited (now HOGL Energy), expanded with a massive 23,000 metric tonne tank farm and established Broadview Engineering.

In 2001, we played a pivotal role in Nigeria's telecommunications revolution as part of a consortium that launched Nigeria's first GSM operator, Econet Wireless (now Airtel), with Oba Otudeko as Chairman of the Econet Board. Indeed, our third decade testifies to our commitment to strategic growth and industry leadership.

Decade Milestones

1993

The new Honeywell Group headquarters opened in Victoria Island, Lagos, bringing us into Nigeria's economic hub and closer to global access through the Apapa Port.

1995

We rebranded our flour milling company into Honeywell Flour Mills Limited.

1995

We set up Honeywell Oil & Gas Limited (now HOGL Energy) to capitalise on prospects in the downstream oil sector.

1997

We built a 23,000 metric tonne tank farm for storing petroleum products in Apapa, Lagos.

1998

Honeywell Flour Mills commissioned a 200MT/day milling plant in Apapa, Lagos.

1999

We expanded our power and oil and gas servicing offerings by establishing Broadview Engineering to provide comprehensive design and construction solutions for the industries.

2001

We expanded our power and oil and gas servicing offerings by establishing Broadview Engineering to provide comprehensive design and construction solutions for the industries.

1993

1983

2003

Consolidating Core Businesses

(2003-2012)

At the turn of the new millennium, our portfolio companies achieved great strides, starting when Pivot Engineering Company Limited (PECL) delivered Project OAY (Owerri-Ahoada-Yenagoa) to connect Bayelsa State to the National Grid in 2003.

PECL and USA-based GIS Inc jointly established Pivot GIS, an Engineering, Procurement and Construction Management firm, in 2004. That same year, we founded Telecgsm, which quickly became West Africa's largest mobile phone distributor, and in 2008 we set up Uraga Real Estate to consolidate our real estate operations.

Next, we achieved a milestone by listing Honeywell Flour Mills on the Nigerian Stock Exchange in 2009. Honeywell concluded its fourth decade with full ownership of Pivot GIS, Broadview Engineering's involvement in the Trans-Niger Pipeline Loop Project, and our entry into the hospitality industry with the launch of Radisson Blu Anchorage, West Africa's first Radisson hotel.

Decade Milestones

2003

Pivot Engineering Company Limited (PECL) executed Project OAY (Owerri-Ahoada-Yenagoa), connecting Bayelsa State to the National Grid.

2004

Pivot Engineering Company Limited (PECL) and USA-based GIS Inc jointly established Pivot GIS, an engineering, procurement and construction management (EPCM) firm.

2004

Honeywell Group Limited established Telecgsm to cater to the burgeoning mobile phone market.

2007

Telecgsm, then the sole distributor for Nokia phones in Nigeria, expanded its distributorship to Samsung and Blackberry phones and became the largest mobile phone distributor in West Africa.

2008

We established Uraga Real Estate to consolidate our real estate operations and deliver world-class housing, commercial, and hospitality solutions.

2009

Honeywell Flour Mills became our first portfolio company publicly listed on the Nigerian Stock Exchange.

2009

Pivot Engineering acquired GIS Inc's shares in Pivot GIS, solidifying the subsidiary as a wholly Nigerian EPCM contractor in the oil and gas industry.

2010

Broadview Engineering provided the line pipes for the Trans-Niger Pipeline Loop Project, facilitating the transportation of approximately 180,000 barrels per day (BPD) of crude oil from Nigeria to Algeria.

2011

Uraga Real Estate opened the doors of the 5-star, 170-room Radisson Blu Anchorage Hotel in Victoria Island, Lagos, the first Radisson Hotel in West Africa.

2003

1993

2013

Strategic Transformations for Sustained Impact

(2013-2022)

Transitioning into our half-century mark, Honeywell Group navigated transformational shifts. In 2013, we executed a calculated divestment of our holdings in Airtel Nigeria, refocusing our efforts on ground-breaking projects like the operation and maintenance of Nigeria's Liquefied Natural Gas (NLNG) plant by Pivot GIS—the largest maintenance contract by a local firm. We further consolidated our foothold in the energy sector with a 2014 joint venture, Rosetti Pivot, and Broadview Engineering's 2016 acquisition of Shoreline Logistics.

Beyond Energy, Uraga Real Estate made a mark by opening Upbeat Recreation Centre, West Africa's first trampoline park, in 2017. Honeywell also expanded its footprint to venture capitalism by creating Itanna in 2018. Our fifth decade ended with the strategic sale of our equity in Honeywell Flour Mills as we affirmed our ability to adapt and make impactful business decisions that sustain our growth and societal impact.

Decade Milestones

2013

Honeywell Group Limited strategically divested its holdings in Airtel Nigeria to Bharti Airtel, demonstrating our knack for timely and decisive business decisions.

2014

Pivot GIS undertook the largest maintenance contract by a Nigerian firm, operating and maintaining Nigeria's Liquefied Natural Gas (NLNG) plant on Bonny Island.

2014

We expanded our global footprint by partnering with Italy's Rosetti Marino Spa to create Rossetti Pivot, a manufacturer of state-of-the-art platforms and systems for the oil and gas industry.

2016

Broadview Engineering acquired controlling stake in Shoreline Logistics, expanding our sector offerings to facility leasing, marine and air logistics, and port operation services.

2017

In a unique venture into the leisure industry, Uraga Real Estate opened Upbeat Recreation Centre, West Africa's first trampoline park, in Lagos.

2018

We launched our venture capitalist initiative, Itanna, to invest in and accelerate technology startups.

2022

After five decades of an unassailable legacy in the food industry, we divested our equity in Honeywell Flour Mills.

2003

2023

Onward

(2023 and beyond)

Enriched by five decades of expertise, remarkable milestones, and invaluable lessons, we are charting a course towards an even more impactful future.The HGL journey continues with a sense of mission, trust, and belonging that inspires our diversified portfolio and uplifts lives. Our investment philosophy and strategy remain the bedrock of this ongoing voyage of leadership and impact.

Learn about Our Strategy

As the 1980s dawned, so did Honeywell Enterprises' era of growth and expansion. Our spirit of innovation sparked our diversification into the production sector with our new businesses, Poly Ventures Limited and Coral Products, manufacturing polypropylene sacks and crockery, respectively. We also made a strategic entry into cocoa exports, then a primary foreign exchange earner for Nigeria.

2013

1972

Honeywell Group Limited was established to trade food commodities in West Africa.

1980

Honeywell Group began exporting cocoa, Nigeria's leading agricultural export.

1980

Our first two portfolio companies, Poly Ventures Limited and Coral Products, were set up to manufacture polypropylene sacks and bags and crockery, respectively.