Industrial process control automation company Invensys aims to execute contracts worth US$1 billion in the Gulf in five years, its vice-president and m
Two recent moves by Honeywell signal its ambitions in the process automation market: the US$260 million purchase of Enraf Holding, a division of Delft Instruments based in the Netherlands; and the announcement that it is entering the flowmeter market with the launch of the VersaFlow product line.Enraf Holding consists of six groups that offer solutions for the control and management of transportation, storage and blending operations in the oil and gas industry. Following regulatory approvals, Enraf will be part of Honeywell Process Solutions (HPS), expanding Honeywell’s global portfolio in high-growth, high-service industries, including oil and gas. In 2006, Enraf had sales of approximately $130 million."Enraf will enable us to deliver a more comprehensive automation solution in energy production, processing, transport, storage and product distribution. The combined solutions and service of our two organizations will help to drive greater efficiency, safety and reliability to high-valued operations within our customers’ value chain,” said Jack Bolick, HPS President.Meanwhile, VersaFlow, a new line of high performance flowmeters, which debuted at June's Honeywell Users Group Symposium in Arizona, features Electromagnetic, Coriolis, Ultrasonic and Vortex instrument types. Krohne will manufacture the flowmeters to Honeywell’s standards for quality, performance and reliability, while distribution and support will be through Honeywell’s global sales and distribution organization. The entry into the flowmeter market marks a strategic expansion of the field device portfolio, says Honeywell.