Honeywell buys operator training business, simulation technology from Aspen

Phoenix, AZ—Honeywell reports that it has acquired the intellectual property of Hysys modeling software and the Operator Training Simulation (OTS) business from Aspen Technology Inc. Honeywell also hired key members of Hysys’ development staff.

01/04/2005


Phoenix, AZ— Honeywell reports that it has acquired the intellectual property of Hysys modeling software and the Operator Training Simulation (OTS) business from Aspen Technology Inc. Honeywell also hired key members of Hysys’ development staff.

'With this acquisition, customers can now rely on Honeywell for a much broader scope of advanced simulation solutions that span across the lifecycle of a plant,' says Jack Bolick, Honeywell Process Solutions’ president. 'We’ve not only acquired world-class simulation technology, but we've also brought on board simulation experts with significant skills and abilities to help our customers better understand their plant processes and how they can become more profitable.' Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group.

The acquired technologies extend the capabilities of Honeywell's Experion Process Knowledge System (PKS) by improving its ability to gather data throughout the plant, and couple it with domain knowledge embedded in Hysys’ models and Honeywell's Advanced Solutions portfolio.

Honeywell plans to develop, market, and sell Hysys as a process-modeling tool for steady-state simulation, design, performance monitoring, optimization, and business planning. To help achieve this goal, Honeywell also recently hired a number of Hysys’ development staff members from Aspen.

This acquisition reportedly broadens Honeywell's portfolio of operator training solutions, which are unified under one platform in a common simulation environment. By enabling simulation throughout the lifecycle of a plant, this platform aims to improve users’ profitability by placing information in front of decision makers and maximizing plant resources.

Honeywell adds that it now has more than 100 engineers and development staff in 15 regional offices worldwide who are focused on simulation solutions. Acquired operator training solutions are all available for immediate sale. Hysys’ offline products and an enhanced online optimization solution, using Hysys technology, are expected to be available for sale early in 2005.

Control Engineering Daily News Desk
Jim Montague, news editor
jmontague@reedbusiness.com





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me