August 25, 2023 [Tank Storage Mag]- Honeywell has announced it has agreed to acquire SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks.

SCADAfence provides asset discovery, threat detection and security governance which are key to industrial and buildings management cybersecurity programs.

Kevin Dehoff, president and chief executive officer, Honeywell Connected Enterprise says: ‘A simple breach in the OT environment has the potential to create safety and business continuity risk for organisations of all sizes. OT assets are inherently different than those in the IT environment as they are domain specific…Adding SCADAfence’s product portfolio will strengthen our capabilities and help our customers defend themselves against cyber security risks which are progressively increasing.’

‘We are thrilled to join Honeywell as we work towards fulfilling our mission of empowering industrial organisations to operate securely, reliably and efficiently…With this acquisition, we are poised to deliver some of the most advanced OT security technology to Honeywell’s broad customer base…’ adds Elad Ben Meir, chief executive officer, SCADAfence.

SCADAfence is headquartered in Tel Aviv, Israel and will expand Honeywell’s Cybersecurity Center of Excellence in Tel Aviv.

The transaction is expected to close in the second half of 2023.

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