Honeywell acquires RMG Group

Brussels, August 17, 2009 — Honeywell completed its purchase of the RMG Group for about $400 million. The purchase strengthens Honeywell’s position in the clean energy industry, specifically natural gas.

Based in Kassel, Germany, RMG is a firm specializing in natural gas measuring and control products, services and integrated solutions. RMG will be part of Honeywell Process Solutions (HPS), a business within Honeywell’s Automation and Control Solutions group.

HPS provides automation and control systems, safety systems, simulation technology, wireless technology and integrated facility and process security systems for industrial process manufacturers. RMG aligns with Honeywell’s portfolio of field instrumentation and control solutions.

“This acquisition brings great value to both Honeywell and RMG customers in the natural gas production supply chain,” said Norm Gilsdorf, president of HPS. “The integration of RMG products into the Honeywell portfolio enables us to provide more comprehensive solutions that can reduce installed, operating and engineering costs and improve our customers’ performance. In addition, the deal provides significant opportunity to grow within our existing customer bases in both mature and emerging markets around the world.”

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