Power Update

Honeywell completes acquisition of Nextnine

Honeywell announced that it has completed its acquisition of Nextnine Ltd., which was started on June 13.

Nextnine is a privately held, provider of industrial cyber security solutions. The business will be integrated into Honeywell’s Industrial Cyber Security Group and will significantly strengthen Honeywell’s capability to offer multi-vendor, multi-site secure remote access, monitoring and support to protect industrial control systems and critical infrastructure against a growing threat of cyber attacks.

“The addition of Nextnine’s technologies and talented employees enhances Honeywell’s position to deliver enterprise-wide, end-to-end industrial cyber security solutions that reduce cyber security risks, improve reliability, increase productivity and lower cost of operations to our combined customer base,” said Jeff Zindel, vice president and general manager of Honeywell’s Industrial Cyber Security business unit.

“Nextnine is joining a recognised global leader in industrial cyber security,” said ShmulikAran, CEO of Nextnine. “We will now be able to leverage Honeywell’s reach, network, and managed security services offerings to grow the impact of our technology and to help more customers in a more holistic way.”

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