Main menu


Industrial IT Services M&A: GrayMatter Acquires HTSE

Digital transformation company GrayMatter has acquired process automation and machine controls provider HTSE Inc for an undisclosed amount.

This is the technology M&A deal number 726 that ChannelE2E has covered so far in 2022. Browse over 1,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

Gray Matter Acquires HTSE

Founded in 1991, GrayMatter is based in Warrendale, Pennsylvania. The company has his 118 employees listed on LinkedIn. GrayMatter’s areas of expertise include Work Process Management, PLC Version Control, Operational Data Management, Advanced Analytics, Big Data Management, HMI/SCADA, MES, PLM, Cyber ​​Security, Brilliant Manufacturing, Digital Transformation, Water/Wastewater Management. , digital twins, and operational technology. , smart manufacturing, intelligent assets, asset performance management, APM, reliability, maintenance, IIoT, IoT, big data, predictive analytics, smart workbenches.

Founded in 1989, HTSE is based in Portage, Michigan. The company has his 39 employees listed on LinkedIn. HTSE expertise includes ABB, Allen-Bradley, Cognex, Delta-V, Foxboro, Intellution, Microscan, Rockwell, Siemens, Systech Vision, and Wonderware.

HTSE has provided automation solutions to some of the world’s largest food, beverage, pharmaceutical, chemical and manufacturing companies. GrayMatter helps industrial organizations transform their operations with Advanced Industrial Analytics, Industrial Cybersecurity, Brilliant Operations, and other solutions as a service. According to the company, the acquisition will allow GrayMatter to expand its offering of industrial intelligence solutions.

Gray Matter is backed by private equity firm Hamilton Robinson Capital Partners. This is the company’s third strategic merger and the first in about four years. In late 2020, GrayMatter acquired Virginia-based E-Merge Systems, and in March 2018, GrayMatter acquired the software and services assets of Colorado-based TMMI.

GrayMatter Acquires HTSE: A Growing Industrial Intelligence Platform

James Gillespie, CEO and co-founder of Greymatter, said:

GrayMatter CEO and co-founder James Gillespie said:

“We are delighted to add HTSE’s strengths to GrayMatter’s Industrial Intelligence platform. They are a known powerhouse across the pharmaceutical and manufacturing industries.

“Industrial companies urgently need to fill talent gaps, leverage advanced analytics, and protect their factories and remote assets from cyberattacks. A large team with unmatched operational technology expertise is created to solve the challenges of

HTSE President Brian Mack commented:

“GrayMatter’s extensive experience in developing and deploying industry-leading manufacturing intelligence solutions, and HTSE’s expertise in both process and individual automation, will allow us to develop even more innovative and complementary solutions that will greatly benefit our clients. HTSE is very excited to be part of GrayMatter.”