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06-29-2010

Honeywell Completes Acquisition of Matrikon

Honeywell. Morris Township, N.J., USA,. announced it has completed the acquisition of Matrikon Inc., Edmonton, Canada, for approximately USD 139 million (approximately CAD 144 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, a business within Honeywell’s Automation and Control Solutions group. “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.

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