Optimization: Honeywell buys PAS advanced process control business

02/06/2007


Houston, TX —In a move regarded by many as positive, Honeywell has agreed to buy PAS ' Advanced Control & Optimization (APC&O) business. The transaction includes the linear and non-linear controls and optimization technologies and related customer contracts and personnel. Divestiture of these assets, says PAS, will streamline its portfolio and accelerate the development of its alarm management and integrity automation asset configurations management businesses.

Comments on the purchase from analysts and industry observers were highly favorable. Said Tom Fiske, research director at ARC Advisory Group, "From an industry perspective, ARC views this transaction as a positive for everyone involved. End-users will benefit from the long-term PAS and Honeywell partnership, which will facilitate a seamless transfer of ownership to Honeywell and continued support for the technology."

Fiske went on to note that PAS is "gaining traction in a burgeoning market with its alarm management and automation configuration management solutions. PAS benefits from the divestiture by allowing them to concentrate their resources on managing this high-growth business. Honeywell benefits by strengthening their competitiveness in the APC and optimization market."

Calling the sale a strategic move that will sharpen PAS' focus and strengthen its growth, PAS founder and CEO Eddie Habibi said, "Focus defines reality, and our focus is to repeat our 2006 growth rate of 100%+ in the businesses where we hold significant first-to-market advantages."

The acquisition is expected to bolster Honeywell's offerings in the APC&O market, allowing the company, said Jack Bolick, president of Honeywell Process Solutions, to "deliver more meaningful process information to operators and engineers to help them align operations with business objectives."

—Control Engineering Daily News Desk
Edited by Jeanine Katzel , senior editor





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.
System integration: Best practices and technologies to help; Virtualization virtues; Cyber security advice; Motor system efficiency, savings; Product exclusives; Road to Hannover
Collaborative robotics: How to improve safety, return on investment; Industrial Internet of Things, Industrie 4.0: World views; High-performance HMI, Information Integration: OPC and OMG
9 tips: How to integrate a servo system; Process control mathematical models; Serial network grounding; Engineers' Choice Awards; Learn from cyber security mistakes
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.
This article collection contains several articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

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

Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
click me