CIRCOR, a KKR portfolio company, signed a definitive agreement to acquire Italian hydraulic pump, electric motor and engineering provider Green Silence Group. It will join CIRCOR's Industrial Pumps Europe business upon closing.
ABB received an order from DS Smith Paper Italia to supply a sectional drives system, motors and inverters for a new containerboard machine PM3 at the Lucca Paper Mill in Porcari, Tuscany. The machine is expected to have annual capacity of 450,000 metric tons.
ATAM has replaced most of its overmoulding presses at its Agrate Brianza, Italy plant, adding six new machines of different tonnages to raise production capacity for encapsulated coils.
SIT, through subsidiary MeterSit, was awarded a smart gas meter contract by Italgas worth over EUR 14 million with a further EUR 5 million option, totaling EUR 19 million. The order is part of Italgas's 2019 meter roll-out.
Nidec Corporation acquired 100% of CIMA S.p.A., a Vicenza-based maker of commercial motors for ventilation and fans, on July 2, 2018. The deal strengthens Nidec's European commercial motor business.
Japan's Nidec Corp has taken a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer. The article is dated 1 July 2017 and gives no price.
Soga Energy Team formalized its acquisition of CMZ Sistemi Elettronici Srl, a Vascon (Treviso) maker of industrial motion control electronics, drives and motors, on June 28, 2017.