Honeywell to acquire Compressor Controls Corporation for $670 million
April 28, 2023
Honeywell will integrate CCC into its Process Solutions business, as well as use CCC technology to improve its carbon capture control solutions.
Honeywell has plans to acquire Compressor Controls Corporation (CCC) from INDICOR, LLC for $670 million. CCC currently produces turbomachinery control and optimization solutions from control hardware to software and services. Honeywell will integrate CCC into its Process Solutions business, as well as use CCC technology to improve its carbon capture control solutions. The acquisition should be completed later this year.
In a recent quote, Lucian Boldea, president and chief executive officer of Honeywell Performance Materials and Technologies, said, "Compressor Control Corporation is an ideal complement to our process solutions portfolio, as it brings an installed base of greater than 14,000 control applications to our portfolio and will enable us to accelerate growth in combination with Forge's industry leading APM capability. By enhancing our digitalization portfolio, we are helping customers accelerate their energy transitions through new controls and automation that, for example, can help with carbon capture and sequestration."
Protecting electrical controls and equipment within food and beverage plants presents unique challenges due to the sanitation requirements of the hygienic environment.
