Commission européenne, DG  COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  9.12.2022  
C(2022 ) 9433 final  
PUBLIC VERSION  
Saudi Aramco Development Co mpany  
Ltd 
P.O. Box 5000  
Dhahran  31311  
Saudi Arabia  
 
Honeywell Automation and  
Control Products Ltd  
P.O. Box 56106  
Riyadh 12213 -8022  
Saudi Arabia  
Subject : Case M. 10913 – SADCO / HACP / JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2 
Dear Sir or Madam,  
1. On 17 November 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger Regulation, by which  the undertaking s 
Saudi Aramco Development Co Ltd (“SADCO”, Saudi Arabia), contr olled by Saudi 
Arabian Oil Company (“Saudi Aramco”, Saudi Arabia) , and Honeywell Automation and 
Control Products Ltd (“HACP”, US), controlled by Honeywell International Inc. 
(“Honeywell”, US),  will acquire within the meaning of Article s 3(1)(b)  and 3(4)  of the 
Merger Regulation joint control  of a newly created joint venture (“JV”, Saudi Arabia). The 
concentration is accomplished by way of purchase of shares in the JV3. 
2. The business activities of the undertakings concerned  are the following : 
 for SADCO: subsidiary of Saudi Aramco, w hich is a joint stock company 
primarily engaged in prospecting, exploring, drilling and extracting hydrocarbon 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 452, 29.11.2022, p. 36.  

2 substances and processing, manufacturing, refining, and marketing these 
substances,  
 for HACP: subsidiary of Honeywel l, which is a multinational conglomerate 
operating in four areas of business: aerospace; building technologies; 
performance materials and technologies; and safety and productivity solutions . 
3. The business activities of the newly set -up JV will be the follow ing: development, 
marketing, commercialization and operation of an integrated manufacturing 
operations management system (iMOMS) branded as “Plant.Digital”, primarily active 
in the Gulf Cooper ation Council region and Iraq.  
4. After examination of the notifica tion, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulatio n (EC) No 139/2004 .4 
5. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier  GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p.  5.