Honeywell has signed a definitive agreement valued at $400 million to acquire the RMG GROUP (Regel + Messtechnik GmbH and all of its subsidiaries, together RMG) a Kassel, Germany-based global leader in natural gas measuring and control products, services and integrated solutions. RMG will be integrated into Honeywell Process Solutions, which is part of Honeywell’s Automation and Control Solutions business group.
RMG specializes in design and manufacture of natural gas control, measurement and analysis equipment including flow metering technology, regulating products and safety devices for oil and gas companies. RMG has estimated 2009 sales at $290 million.
The acquisition will build Honeywell’s presence in natural gas transportation, storage, distribution and industrial consumption. RMG aligns strongly with Honeywell’s field instrumentation and control solutions. For example, RMG’s gas flow meters and regulating devices complement Honeywell’s pressure and temperature transmitters, as well as LNG level gauges.