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.
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
Save energy with automation; Process control system upgrades; Dispelling controll myths; Time-sensitive networking; Control system integration; Road to IANA
Additive manufacturing advancements; Machine vision enhances robotics; Fieldbus evolution; Process safety; Advice from System Integrators of the Year; Road to IANA
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!

Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
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
click me