About This Deal

HONEYWELL INTERNATIONAL INC acquired Matrikon for $139 million, a transaction completed in June 2010, structured as Acquisition (C$4.50 per share).

Matrikon operates in Automation and Control Solutions (Honeywell Process Solutions), is based in Edmonton, Alberta, Canada. Matrikon, based in Edmonton, Canada, provided software to manage production, optimize operations and monitor assets at industrial plants across oil and gas, refining, power and mining, and was well known for its MatrikonOPC connectivity products. Honeywell acquired it to strengthen the Advanced Solutions business within Honeywell Process Solutions.

Add production-management, asset-monitoring and OPC connectivity software to Honeywell Process Solutions' Advanced Solutions business.

Deal Terms

Acquirer
HONEYWELL INTERNATIONAL INC
Target
Matrikon
Value
$139 million
Date
June 2010
Type
Acquisition
Status
Ready

Transaction Details

Target HQ
Edmonton, Alberta, Canada
Segment
Automation and Control Solutions (Honeywell Process Solutions)
Structure
Acquisition (C$4.50 per share)
Announced
May 13, 2010
Closed
June 28, 2010

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

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