Sensus, a Xylem brand, signed an agreement with Alliant Energy to add its FlexNet communication system, meters and installation to Alliant's Iowa power grid and gas system over three years. The project is one of Sensus's largest US communication deployments.
Integrated Power Services (IPS), a motor and generator repair and distribution provider, signed a partnership with Gefran Drives and Motion Control Group to offer drive and motion control products and services in North America. The agreement was announced on June 14, 2017.
WEG won a contract from Outotec to supply 21 medium-voltage motors, 24 transformers and starters for the sulphuric acid plant under construction at Ras Az Zawr, Saudi Arabia.
Power and automation group ABB agreed to acquire North American low voltage product maker Thomas & Betts in a transaction described as approximately USD 3 billion.
Yokogawa Electric Korea received an order to supply 15 analyser houses and 75 GC8000 gas chromatographs for the Liwa Plastics Industries Complex in Sohar, Oman, being built for Orpic; the complex is scheduled to start operation in 1Q20.
Ulstein Design & Solutions was awarded a contract by China Merchants Group to design and supply equipment for an expedition cruise vessel for SunStone Ships, with options for nine more; the ship will be built at China Merchants Heavy Industry and delivery is planned for 2019. Ulstein Power & Control also won the system delivery contract, with equipment delivery in Q1 2018.
Tulsar Canada, a manufacturer of water and wastewater control systems and a division of Zoeller Corporation, moved into a new facility in Brant County, Ontario, and plans to quadruple production and workforce there.
The US Federal Trade Commission approved Emerson Electric's acquisition of Pentair's Switzerland-based valves and controls business, valued at $3.15 billion, on condition that Emerson divest the Westlock Controls switchbox business to Crane Company.
The US FTC gave conditional approval for Emerson's proposed $3.15 billion acquisition of Pentair plc under a proposed consent order requiring Emerson to divest Westlock Controls Corporation to Crane Co. The divestiture addresses combined switchbox market share of about 60%.
AMETEK agreed to acquire all outstanding shares of MOCON, a Minneapolis gas analysis instrumentation maker, at $30 per share in cash. The aggregate enterprise value is approximately $182 million.
Tomsk Electromechanical Plant (TEMZ) has invested more than 1 billion rubles in a new production facility making equipment for Gazprom, with a total project investment of 1.5 billion rubles. The project includes a joint venture to produce anti-surge and control valves and electric drives.
RAM Company, a maker of specialty electromechanical parts, plans an $11 million expansion with a new 80,000 square foot building in St. George, pending city approval of up to $10 million in industrial development revenue bonds.
REMA USA LLC is moving its US headquarters to a new 38,000 square-foot facility at 385 South Woods Drive in Fountain Inn, SC, about 10 miles from its current site. The move is set for April 2017 and will add production, engineering and product development capacity for materials handling and EV charging markets.
Panasonic Eco Solutions Vietnam broke ground on an additional factory building in Binh Duong Province, costing about 1 billion yen. The expansion aims to double wiring device and circuit breaker capacity by FY2020.
Converteam was awarded a contract by PetroChina to supply nine Variable Speed Drives Systems for the West-East Gas Pipeline Project in China. The project is one of China's largest infrastructure projects.
Prysmian was awarded a contract worth more than EUR 300 million by RTE to develop submarine cable links connecting three planned offshore wind farms (Fecamp, Calvados and Saint-Nazaire) to the French mainland grid.
Moog agreed to acquire the global Rotary Transfer Systems business from Morgan Advanced Materials for €40 million in cash, including its manufacturing sites in Antweiler, Germany and Chalon-St-Memmie, France. Closing is expected within 60 to 90 days, subject to German regulatory approval.
Honeywell won a multi-million dollar, multi-year contract to implement a new airfield ground lighting control and monitoring system at Singapore Changi Airport, supporting its three-runway expansion.
Ohio Transmission Corp. has acquired the assets of the Somerset, New Jersey branch of Argo International, an industrial pump and repair distributor. The branch will operate as part of OTP Industrial Solutions with eight employees.
Raychem RPG, a joint venture of TE Connectivity USA and RPG Enterprises India, announced the acquisition of Hi-Velm Industries, a division of Digivision Electronics in Chennai, India. Hi-Velm produces extra high-voltage disconnectors. No deal value was disclosed.
Pioneer Power Solutions extended its contract to supply liquid-filled transformers to the second largest municipal-owned utility in North America. The five-year contract, effective January 1, 2017, is expected to generate about $4 million in annual revenue.
MinebeaMitsumi is building its largest European production plant near the international airport in Kosice, Slovakia, with production planned to start in 2018. The plant will make brushless DC motors, motor systems, sensors, LED products and fans.
Siemens Limited won orders worth about Rs 319 crore from Diesel Locomotive Works for AC traction systems and propulsion sets for freight and passenger locomotives, to be produced at its Nashik factory.
Invertek is investing in a new 5,000 square metre factory adjacent to its Welshpool HQ, enabling production of over 400,000 variable frequency drives per year. The announcement was reported on 4 January 2017.
Pepperl+Fuchs plans to modernize its Chennai enclosure production facility in India, acquired in 2016 from Petroleum Safety Products Industries, as part of an investment project to expand it to global scale. The plant employs about 100 people.
Electromechanical manufacturer G.W. Lisk will renovate a 17,000 sq ft research and development facility in Phelps, Ontario County, New York, and buy new equipment, creating 40 jobs within five years. Empire State Development offered up to $600,000 in Excelsior Jobs tax credits; completion is expected in spring 2017.
Allectra GmbH opened a new manufacturing facility and service centre in Villingen-Schwenningen, Southern Germany, to increase production of in-vacuum custom cables and feedthroughs and host a valve service centre.
Ziehl-Abegg is investing 28 million euros in a new building and machinery in the Hohenlohe Business Park in Kupferzell, Germany, for making energy-saving EC fans and drives. Relocation from Künzelsau is due at the end of 2017, with 140 jobs transferred.
GE Grid Solutions won a contract from L&T to supply protection and automation systems for seven 66/11kV substations in Lusail City, Qatar's smart city development that will host Qatar 2022 World Cup venues. The project will serve nearly 450,000 future residents.
VBMS, a Boskalis subsidiary, and NKT Cables were awarded a TenneT contract to supply and install two export cables connecting Borssele offshore wind farms 1 and 2 to the Dutch grid, with Boskalis's share worth about EUR 70 million.
Sun Hydraulics agreed to acquire the Power Controls and Vehicle Technologies business lines of Enovation Controls, LLC for an initial $200M plus up to $50M earn-out, expected to close within 30 days.