Honeywell completes acquisition of Enraf

September 2007 News

Honeywell has announced that it has completed the acquisition of Enraf Holding, a division of privately-held Delft Instruments, based in the Netherlands. The deal is valued at approximately US$260 million.

"This acquisition brings tremendous upside to both Enraf and Honeywell Process customers in the energy production supply chain," said Jack Bolick, president of Honeywell Process Solutions. "The integration of Enraf products into the Honeywell portfolio enables us to provide more comprehensive solutions that will reduce installed, operating and engineering costs and improve our customers' performance. In addition, the acquisition brings an opportunity to grow within our existing customer base and in new sectors such as bio-fuels, LNG terminals and petrochemicals."

Enraf is a leading provider of mission-critical measurement and control solutions for the exploration, production and transportation of energy products for land and marine applications. The Enraf line of products for measurement, inventory management, additive injection and custody transfer applications for liquids are complementary to Honeywell's extensive portfolio of process control, process safety, plant reliability and advanced applications for oil and gas, refining and petrochemical companies.

Enraf will be part of Honeywell Process Solutions (HPS). The acquisition strengthens Honeywell's position in the high-growth oil and gas value chain and brings proven automation and inventory management solutions for tank farms, bulk and distribution terminals and liquid natural gas (LNG) industries to Honeywell's portfolio. It also provides Honeywell entry in to the fast-growing marine transport industry.

For more information contact Julie Brown, Honeywell Southern Africa, +27 (0)11 695 8000, [email protected]

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