- SCADAfence will integrate into the Honeywell Forge Cybersecurity+ suite providing expanded asset discovery, threat detection, and compliance management capabilities.
- SCADAfence extends Honeywell’s OT cybersecurity portfolio to build upon its comprehensive professional services, managed security services, and software solutions.
Tel Aviv, Israel, July 10, 2023 – SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks, today announced it has agreed to be acquired by Honeywell (Nasdaq: HON). SCADAfence brings proven capabilities in asset discovery, threat detection and security governance which are key to industrial and buildings management cybersecurity programs.
The SCADAfence product portfolio will integrate into the Honeywell Forge Cybersecurity+ suite within Honeywell Connected Enterprise, Honeywell’s fast-growing software arm with strategic focus on digitalization, sustainability and OT cybersecurity SaaS offerings and solutions. This integration will enable Honeywell to provide an end-to-end enterprise OT cybersecurity solution to site managers, operations management and CISOs seeking enterprise security management and situational awareness. The acquisition strengthens existing capabilities in cybersecurity and bolsters Honeywell’s high-growth OT cybersecurity portfolio, helping customers operate more securely, reliably and efficiently.
SCADAfence is an ideal complement to Honeywell’s OT cybersecurity portfolio and, when combined with the Honeywell Forge Cybersecurity+ suite, it enables us to provide an end-to-end solution with applicability to asset, site, and enterprise across key Honeywell sectors,” said Kevin Dehoff, President and Chief Executive Officer, Honeywell Connected Enterprise. “By enhancing our cybersecurity portfolio, we are accessing a growth engine and enabling our customers to operate their OT environments more securely and help to avoid disruption and possible catastrophic events.”
“We are thrilled to join Honeywell as we work towards fulfilling our mission of empowering industrial organizations to operate securely, reliably and efficiently. This combination creates significant opportunity for growth, allowing us to combine our top-tier OT cybersecurity products with one of the world’s leading companies in industrial software,” said Elad Ben Meir, chief executive officer, SCADAfence. “With this acquisition, we are poised to deliver some of the most advanced OT security technology to Honeywell’s broad customer base, bolstering the comprehensive Honeywell Forge Cybersecurity+ offering. We remain committed to proactively serving and supporting our customers across all verticals and geographies where we currently operate.”
SCADAfence is headquartered in Tel Aviv, Israel and will expand Honeywell’s Cybersecurity Center of Excellence in Tel Aviv. Honeywell has been implementing OT cybersecurity solutions for more than twenty years, delivering thousands of projects in over 130 countries with more than 500 employees worldwide focused specifically on OT cybersecurity.
The transaction is expected to close in the second half of 2023, subject to customary closing conditions, including receipt of certain regulatory approvals.
Advisors:
Scotiabank is acting as exclusive sell-side advisor to SCADAfence, and Arnon, Tadmor-Levy is serving as the company’s legal advisor.
About SCADAfence:
SCADAfence is the global technology leader in OT & IoT cyber security. The SCADAfence platform enables organizations with complex OT networks to embrace the benefits of industrial IoT by reducing cyber risks and mitigating operational threats. SCADAfence enables organizations in manufacturing, building management and critical infrastructure industries to operate securely, reliably and efficiently. For more news and information on SCADAfence, visit www.scadafence.com or check out the company’s blog at 
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About Honeywell:
Honeywell (www.honeywell.com) is a technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.