02:56 PM EDT, 10/07/2024 (MT Newswires) -- Perseus Group, an operating group of Constellation Software ( CNSWF ) , announced Monday that it has completed the purchase of Honeywell's exclusive global license OptiVision for the pulp and paper industry. Monday's announcement didn't provide any financial details.

A statement did note that OptiVision is a cash management system for order management, planning, manufacturing execution, warehousing and shipping.

With this deal, the statement also noted, the license will now be administered by OPTIVIQ Inc., a company within Perseus Group.

CSU said this acquisition further expands Perseus' global footprint in pulp and paper, having already established a strong presence with MAJIQ, Ediwise, and MOPSsys. OPTIVIQ marks Perseus' fifth acquisition in this industry.

Peter Litka will be appointed as the General Manager of OPTIVIQ, bringing with him over 30 years of industry experience.

CSU was at last look down near $40 or 0.9% at about C$4,314 on the TSX.

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