PAS sees the divestiture as a key component for accelerating growth in its alarm management and asset configuration businesses, which it will retain. Honeywell Process Solutions (www.Honeywell.com/ps), the Phoenix-based Honeywell unit that will acquire the PAS technology, sees the acquisition enhancing its family of process simulation tools.
Tom Fiske, a director of research for ARC Advisory Group Inc. (www.arcweb.com), an industry analyst firm based in Dedham, Mass., applauded the move. “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 said.
For PAS, the deal will provide traction in a burgeoning market for its alarm management and automation configuration management solutions, Fiske continued. For its part, Honeywell will benefit by strengthening its competitiveness in the APC and optimization market, according to Fiske.