Honeywell, Matrikon Complete Deal

Tuesday, June 29, 2010 @ 10:06 AM gHale


It is now all about the integration as Honeywell completed the $139 million (C$144 million) deal for Edmonton, Canada-based solution provider Matrikon.
Matrikon will now work with Honeywell to integrate into the Advanced Solutions business of Honeywell Process Solutions (HPS) unit, a business within Honeywell’s Automation and Control Solutions group.
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.”
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.
Matrikon and HPS make products that complement each other, especially in asset management, production management, operations optimization, plant cyber security and data collection and visualization. Honeywell said they continue to support MatrikonOPC’s commitment to vendor neutral open connectivity in process control (OPC).
“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 chief executive of Matrikon.



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