TECHNOLOGY BUSINESS

Nov. 1, 1999
Howe-Baker International, Inc. has acquired Matrix Engineering, Inc. and its subsidiaries.

Howe-Baker International, Inc. has acquired Matrix Engineering, Inc. and its subsidiaries.

Matrix Engineering and its principal construction subsidiary, A&B Builders, Inc., has been an engineering and construction firm for twenty-five years, principally along the U.S. Gulf Coast. Matrix is headquartered in Beaumont, Tex.

Howe-Baker International owns Howe-Baker Engineers, Inc., a worldwide process engineering-contractor. Howe-Baker, a fifty-four year old firm, has its offices in Tyler and Houston, Tex. WEDGE Group Inc., an investment firm in Houston, is the principal owner of Howe-Baker International.

Howe-Baker designs and constructs plants for natural gas processing, petroleum refining, and production of hydrogen/synthesis gas.

Daniel Measurement Services, Inc., (DMS), together with its partner Anglo Venezuelan Engineering and Controls, C.A. (AVECO), have formed METCO Services Venezuela, C.A., a jointly owned company established to provide energy measurement services to the hydrocarbon production, processing and transmission markets in Venezuela.

METCO Services Venezuela will operate under license from DMS's wholly owned subsidiary, METCO Services Limited, an Aberdeen, Scotland-based provider of independent liquid and gas flow measurement services to the North Sea, UK and Asian energy markets.

AVECO is a San Cristobal, Venezuela-based provider of engineered hydraulic valve actuation packages and systems serving the Venezuelan energy markets.

DMS is a provider of fiscal custody transfer measurement and metering audit, consulting, management and operational services to international energy companies. DMS is a unit of Daniel Industries, Inc., a provider of fluid measurement and flow control products and services, primarily for producers, transporters and refiners of oil and natural gas.

In June 1999, Daniel Industries was acquired by Emerson Electric Co., a global manufacturer and service provider with market and technology leadership in the areas of process control, industrial automation, electronics, HVAC, appliance components, electric motors, tools and storage products.