Honeywell has announced that it has completed the acquisition of Matrikon for approximately $139 million USD. 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.

Based in Canada, Matrikon specialises in technology to manage production, optimise 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 and integrated facility and process security systems for industrial manufacturers. HPS president, Norm Gilsdorf, says that the Matrikon brands are outstanding additions to the technology portfolio that will enable Honeywell to create even stronger enterprise wide solutions for its customers in the areas of asset management, production management, operations optimisation, plant cyber security and data collection and visualisation.