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14/05/2010
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Honeywell has signed an agreement to acquire plant operations software developer Matrikon for $142 million.
 Norm Gilsdorf, president of Honeywell Process Solutions, says that the acquisition will strengthen Honeywell's position in the oil and gas, and power industries.
He explains that Matrikon will be integrated into Honeywell Process Solutions, which is part of Honeywell's Automation and Control Solutions business group.
In fact, Matrikon brings complementary applications that monitor oil and gas well performance and mining equipment, as well as supply chain solutions for mining. Matrikon's cyber-security and alarm management solutions will also be useful to Honeywell for process safety and security.
"Our industrial customers want their plants to run well in any economy, and Matrikon's products help do that," says Gilsdorf .
"Combining Matrikon's technology and expertise with Honeywell's industrial platform expands our offering to help customers continue to improve plant performance. This is a great addition to our business," he adds.
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Author
Brian Tinham
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