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Automation Solutions Market in the Oil and Gas Industry to grow by USD 1 73 Billion during 2021-2025

Share this article Share this article NEW YORK, March 4, 2021 /PRNewswire/ The global automation solutions market in the oil and gas industry is expected to grow by USD 1.73 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 3%. Automation Solutions Market in the Oil and Gas Industry by Product and Geography - Forecast and Analysis 2021-2025

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Sidpec selects Honeywell technology for plant upgrade

Honeywell Process Solutions (HPS) has announced that Sidi Kerir Petrochemicals Company (Sidpec) has selected Honeywell technology to upgrade the production capabilities of its flagship petrochemical complex in Alexandria, Egypt.

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Honeywell s systems selected for King Salman maritime complex

Honeywell’s systems selected for King Salman maritime complex RIYADH, February 3, 2021 Honeywell has been awarded a major contract by Sepco Electric Power Construction Corporation to supply connected control, telecommunications, safety and security systems for the King Salman International Complex for Maritime Industries and Services shipyard being developed by Aramco in Ras Al Khair, Saudi Arabia. When completed, the complex will be one of the largest shipyards in the world. It will be automated using a range of Honeywell technologies designed to make the facility’s operations safer, more efficient and secure. The suite of systems will be integrated into the complex by Sepco, the project’s main engineering procurement and construction contractor, said a statement.

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Honeywell Expands Life Sciences and Software Capabilities Through Acquisition of Sparta Systems

Honeywell Expands Life Sciences and Software Capabilities Through Acquisition of Sparta Systems Acquisition will accelerate Honeywell s breakthrough initiative to further penetrate the life sciences market and strengthen its existing portfolio of advanced automation and process control technologies. This content was submitted directly to this website by the supplier. Dec 28th, 2020 The acquisition is expected to close by the end of the first quarter of 2021. Honeywell–a Fortune 100 technology company that delivers industry specific systems–announces it is acquiring privately held Sparta Systems–a provider of enterprise quality management software (QMS), for the life sciences industry–for $1.3 billion in an all-cash transaction from New Mountain Capital.

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Honeywell to make $1 3bn Sparta Systems acquisition to boost its SaaS and AI capabilities

Honeywell to make $1 3bn Sparta Systems acquisition to boost its SaaS and AI capabilities
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