Honeywell acquires Matrikon
Honeywell has acquired Matrikon for $139 million. Matrikon will be integrated with the advanced solutions business of Honeywell Process Solutions (HPS). Matrikon’s open connectivity in process control business, MatrikonOPC, will operate as a separate business entity within HPS.
“The Matrikon brands are outstanding additions to our technology portfolio,” said Norm Gilsdorf, president of HPS. “Combining our experienced teams and products will enable us to create stronger, enterprise-wide solutions that improve business performance for respective customers. In addition, the deal provides significant opportunity to grow within our existing customer bases in both mature and emerging markets around the world.”
Based in Edmonton, Canada, Matrikon specializes in technology to manage production, optimize operations and monitor assets at industrial plants including oil and gas, refining, energy, power and mining companies. HPS provides automation and control systems, field instrumentation, safety systems, simulation technology, wireless technology and integrated facility and process security systems for industrial process manufacturers. Matrikon and HPS’ products are utilized in the areas of asset management, production management, operations optimization, plant cyber security and data collection and visualization. In addition, Honeywell supports MatrikonOPC’s commitment to vendor neutral open connectivity in process control (OPC), leading new technology development and helping people adopt open standards based solutions.
“With the breadth and reach of Honeywell, we expect the Matrikon technology will continue to evolve more broadly to support our goal of creating technology that drives industrial performance,” said Nizar J. Somji, president and CEO of Matrikon.
Comments