Pipe bending machine for 10″ pipes!

Unison of Scarborough in the UK has installed and commissioned the world’s largest and most powerful all-electric pipe bending machine, at the Norwegian offshore and maritime services company, Westcon Yard AS. Capable of generating a colossal 660,000 Nm of continuous, servo-controlled torque, the custom-designed machine will be used for precision bending of thick-walled carbon steel pipes up to 10 inches (273 mm) in diameter.

This is the second all-electric pipe bender that Unison has supplied to Westcon’s pipe production facilities in Ølensvåg, Norway. The first, a 90 mm single-stack model from Unison’s Breeze range, was installed at the beginning of 2015 and enabled the company to bring fabrication of all pipe sizes up to 60.3 mm in diameter in-house. It has also helped Westcon to simplify and accelerate its production process dramatically, by allowing parts to be fabricated from single-piece piping stock, instead of from multiple cut-to-length straight sections and pre-formed bend parts bought-in from external suppliers.

Westcon has similarly high expectations for its new 10-inch machine. The company now intends producing virtually all the pipe sizes that it needs for its outfitting, service and repair operations entirely in-house, without having to use pre-fabricated bend sections.

This application of all-electric bending technology to pipes up to 10 inches in diameter is without precedent. Although Unison’s bending machines are used by a number of the world’s leading ship and submarine builders to produce large pipe and tube assemblies, this is by far the most powerful that the company has ever designed and built. It highlights the inherent scalability of Unison’s machine architecture and underlying motion control technology – the company’s range of all-electric bending machines now extends all the way from 16 mm (5/8 inch) to 273 mm (10 inches).

Honeywell To Acquire Elster

Honeywell announced in July 2015 that it has signed an agreement to acquire the Elster Division of Melrose Industries plc, a leading provider of thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity meters, including smart meters and software and data analytics solutions, for approximately $5.1Bn.  The Honeywell corporate release continued as follows:

Elster also manufactures flow computers and regulators for the gas industry.  Elster consensus sales for 2015 are estimated to be $1.8Bn.  The price translates to approximately 12.6 times Elster’s estimated 2015 consensus earnings before interest, taxes, depreciation, and amortization (EBITDA) – [so this is around $400m – Ed] – and the acquisition is anticipated to occur in the first quarter of 2016. The agreement is subject to customary closing conditions, including regulatory review and Melrose shareowner vote.

“The acquisition of Elster will generate strong future returns for Honeywell’s shareowners because it increases our growth profile globally – creating both organic and inorganic growth opportunities – and because Honeywell can run this company effectively and accelerate its growth through our complementary technologies, software knowledge, and presence in High Growth Regions,” said Honeywell Chairman and CEO Dave Cote.  “Elster has outstanding technologies, brands, energy efficiency know-how, and global presence, all of which we are very well-positioned to build on.  Elster also creates a new platform for acquisition targets for Honeywell that will be additive to the business’ growth and global presence.  We will see immediate benefits to Honeywell’s portfolio, accelerating into 2016 and 2017. This is a great acquisition for Honeywell and our shareowners.”

“The Elster acquisition proves that we are staying true to our disciplined M&A approach and integration processes because it’s a model that has worked very well for us,” said Cote.  “During the past decade, we have completed more than 80 acquisitions adding approximately $12Bn in revenues.  We will continue to look for good acquisitions to enhance our growth profile.  We see Elster as a great opportunity to deploy our operating model and key process initiatives to grow the business, enhance our position globally, and drive significant returns to shareowners over the long-term. The Honeywell Operating System (HOS) will be a major factor in creating new synergies that will increase the growth and profitability of each of Elster’s businesses.”

Elster employs approximately 6,800 people with major locations in the United States, Germany, the United Kingdom, and Slovakia.  The company maintains an impressive installed base with more than 200 million metering modules deployed over the course of the last 10 years alone.

“This acquisition will allow us to improve customer value with technologies and lifecycle management solutions for industrial end users served by Honeywell’s Environmental Combustion and Controls and Process Solutions businesses,” continued Cote. “Elster’s gas business offers products in high demand among natural gas customers and brings a strong, global distribution network and numerous cross-selling opportunities for existing Honeywell technologies to new customers in both developed and High Growth Regions.”

“Elster’s gas, electric, and water meters are highly valued for their reliability, safety, and accuracy.  Elster has a world-class reputation for delivering on the operational efficiency and regulatory certification requirements of utility customers globally.  We expect that energy efficiency initiatives and mandates and the increased need for natural resource management will drive meaningful and sustained growth for Honeywell in the metering segment.  Utility metering in particular is rapidly evolving as new ‘smart’ technologies and software and data analytics capabilities are becoming adopted around the world and we expect strong growth from this segment globally.  Elster’s differentiated technologies, extensive industry expertise, and relationship with utility customers globally – combined with their strong positions in the highly regulated heating, controls, and metering segments – are a great fit for Honeywell’s portfolio,” concluded Cote.

There is no change to the 2015 full year guidance Honeywell provided in its second quarter earnings release.  Honeywell expects that the dilutive impact of the transaction on its 2016 Earnings Per Share to be minor.

Added on December 30, 2015:

Honeywell completed this acquisition on 29 December 2015, and advised how the businesses will be moulded into the Honeywell corporate structure……

Elster’s water and electricity metering business, along with part of its gas business, will become part of Honeywell’s Environmental & Energy Solutions (E&ES), a global business that produces residential and commercial building controls that help keep millions of homes, commercial buildings and industrial facilities comfortable and energy efficient. E&ES is a business unit of the Honeywell Automation and Control Systems division.

Elster’s upstream and midstream gas applications businesses will be integrated with Honeywell Process Solutions, within Honeywell Performance Materials and Technologies. Elster’s products and technologies complement the strong HPS position in the natural gas sector. The new expanded line of HPS products will include ultrasonic and turbine meters, electronic volume correctors,  gas chromatographs, flow computers, regulators and pressure reducing stations for the gas transmission and distribution industry.