Honeywell acquiring German supplier of natural gas measuring products
2 Jul 2009
Brussels - Honeywell is paying around $400 million to acquire RMG Regel + Messtechnik GmbH, a Kassel, Germany-based supplier of natural gas measuring and control products, services and integrated systems. RMG will be integrated into Honeywell Process Solutions (HPS), which is part of Honeywells Automation and Control Solutions business group.
The acquisition, said Honeywell, will extend its position in the areas of natural gas transportation, storage, distribution and industrial consumption and enhance its field instrumentation and control portfolio. For example, RMG's gas flow meters and regulating devices complement Honeywell's pressure and temperature transmitters, as well as LNG level gauges, HPS said.
RMG designs and manufactures natural gas control, measurement and analysis equipment including flow metering technology, regulating products and safety devices for oil and gas companies. It has estimated 2009 sales to be $290 million.
"Global demand for gas, specifically clean energy sources like natural gas, is growing and RMG is an established solution provider in the industry," said Norm Gilsdorf, president of HPS. "RMG's technology complements our industrial platform and will ultimately enable us to provide our existing customers, as well as new customers, with broader solutions that span the entire gas supply chain."
