M&A Deal Summary

Honeywell Acquires Matrikon

On May 13, 2010, Honeywell acquired internet software and services company Matrikon for 145M USD

Acquisition Highlights
  • This is Honeywell’s 1st transaction in the Internet Software and Services sector.
  • This is Honeywell’s 29th largest (disclosed) transaction.
  • This is Honeywell’s 6th transaction in Canada.
  • This is Honeywell’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2010-05-13
Target Matrikon
Sector Internet Software and Services
Buyer(s) Honeywell
Deal Type Add-on Acquisition
Deal Value 145M USD
Advisor(s) TD Securities (Financial)
Heenan Blaikie LLP
Dentons (Legal)

Target

Matrikon

Edmonton, Alberta, Canada
Matrikon, Inc. delivers industrial performance monitoring solutions that provide visibility into the global operations of oil and gas, energy, mining, power and refining companies. Matrikon products enable users to anticipate and correct problems, identify opportunities for improvement, share best practices and drive the action necessary to achieve and sustain their operational excellence objectives. Matrikon has been empowering excellence since 1988.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States
Category Company
Founded 1885
Sector Diversified
Employees95,000
Revenue 36.7B USD (2023)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 46 of 84
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 36 of 64
State (Alberta) 2 of 2
Country (Canada) 6 of 6
Year (2010) 2 of 4
Size (of disclosed) 29 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-07 Akuacom

San Rafael, California, United States

Akuacom, a provider in automated demand response technology and services for the smart grid. The Akuacom Demand Response Automation Server provides utilities and independent system operators (ISOs) two-way communication with energy management systems at commercial and industrial sites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-19 Sperian Protection S.A.

Paris, France

Sperian Protection S.A., services in personal protective equipment (hearing, eye, respiratory and fall protection, gloves, clothing and footwear) resolutely geared towards international markets. The Group offers innovative products adapted to high-risk environments so that workers in the manufacturing and services industries can work with confidence.

Buy $1.4B
Mergr

Product

Company

Legal