Honeywell International Inc is in talks to acquire JDA Software Group Inc, in a deal that could value the U.S. supply chain management software company at around $3 billion, including debt, according to people familiar with the matter.

The acquisition would illustrate how Honeywell, a U.S. diversified industrial conglomerate, is keen to boost its automation portfolio after it agreed last month to acquire Intelligrated Inc, a U.S. distribution systems and logistics company, for $1.5 billion.

JDA Software’s majority owner, buyout firm New Mountain Capital LLC, has already explored a sale of the company to private equity firms, and there is no certainty its latest talks with Honeywell will result in a deal, the people said on Monday.

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