Honeywell Buys Enraf Holding for $260M

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August 1, 2007

Honeywell Buys Enraf Holding for $260M

Honeywell, Morris Township, NJ, has acquired Enraf Holding B.V., a division of privately held Delft Instruments, based in Delft, Netherlands, in a deal valued at $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. “… 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 provider of mission-critical measurement and controls 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).

Honeywell International is a $34 billion supplier of aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.

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