HONEYWELL INTERNATIONAL INC acquired Enraf Holdings B.V. for $264 million, a transaction completed in August 2007, structured as Cash acquisition (included assumption of debt).
Enraf Holdings B.V. operates in Performance Materials and Technologies (Honeywell Process Solutions), is based in Netherlands (Delft). Enraf Holding B.V. (a division of Delft Instruments) provides precision tank-gauging and measurement systems and software for the control and management of transportation, storage and blending operations in the oil and gas industry. Honeywell acquired it to strengthen Honeywell Process Solutions' terminal-automation and measurement offerings.
Expands Honeywell's portfolio for high-growth, high-service oil and gas markets, adding tank gauging, terminal automation and blending/metering technology.
Advisory firms were not disclosed for this transaction.