Quick Take
Manufacturing conglomerate Honeywell International (NYSE:HON) has agreed to acquire industrial control system security company Nextnine for an undisclosed amount.
Nextnine provides cyber security and remote monitoring for industrial sites worldwide.
Honeywell is eyeing the Industrial Internet of Things market opportunity to connect and manage industrial installations across a range of sectors, and its acquisition of Nextnine will potentially provide a known quantity in the critical area of security.
