Visual Healthcare (VSHC) has closed its initial acquisition of Hi-Alloy Valve, a manufacturer of API-certified industrial ball, gate, check, plug and pig valves. The company plans further acquisitions in the coming months.
AxFlow Ireland announced on July 23, 2019 its acquisition of Irish Pumps & Valves Limited, a Carlow-based supplier of valves, actuators and pumps for the wastewater, power generation and process industries.
CERTINA is acquiring Pibiviesse, the long-cycle upstream oil and gas engineered valve business of CIRCOR International, based in Milan, Italy. The business will be separated from CIRCOR and operated independently within the CERTINA Flow Control division.
AxFlow Ireland acquired Irish Pumps & Valves Limited, a Carlow-based supplier of valves, actuators and pumping equipment for wastewater, power and process industries. The announcement is dated July 23, 2019.
Ovation Holdings, Inc. announced the acquisition of Valve Sales, Inc. (VSI), an Oklahoma City-based supplier of valves, actuators and flow control products to oil and gas producers in Oklahoma, Texas and New Mexico. The acquisition took effect July 15, 2019.
Trelleborg's Industrial Solutions unit acquired Signum Technology, a Wiltshire engineering group making flow control and LNG transfer systems, with annual sales of about SEK 410 million. The deal was consolidated from July 10, 2019.
Dussur, Saudi Aramco and Hyundai Heavy Industries signed a joint venture to manufacture 2-stroke and 4-stroke marine engines, electric power plant engines and marine pumps at Ras AlKhair in Saudi Arabia's Eastern Province. The venture is expected to create over 720 jobs.
Gardner Denver Holdings acquired Oina VV AB, a Stockholm-based maker of customized peristaltic pump solutions for medical, process and industrial uses, for a net purchase price of about US$10 million funded from cash on hand. Oina will join Gardner Denver's Medical Segment.
Aveng Limited agreed to sell its Aveng Dynamic Fluid Control valve and pump business, with operations in South Africa, Finland, USA, Brazil and Australia, to Copaflo for R165 million. The deal is expected to close by 31 October 2019.
Ross Valve of Troy, New York, acquired the Green Island property from LAI International for $2.5 million and plans to hire 50 new employees over five years while retaining 10 workers.
IDEX Corporation acquired Velcora Holdings AB, whose businesses include mechanical seal maker Roplan and hygienic mixer and valve maker Steridose, in Q3 2019. The deal complements IDEX's sealing solutions and health and science platforms.
First Reserve has completed its acquisition of Trillium Flow Technologies, formerly Weir Flow Control, from The Weir Group. Trillium makes 15 pump and valve brands for power, oil and gas, water and mining customers. Final terms were not disclosed.
Airtech Group, a portfolio company of EagleTree Capital, acquired Champion Valves Inc. and Valve & Pump Specialties, Inc., designers and distributors of industrial check and butterfly valves, in July 2019.
Ross Precision Manufacturing, an affiliate of Ross Valve Manufacturing, acquired LAI International's Green Island operations in Albany County, New York, investing $2.5 million and creating 50 new jobs.
Flowserve has signed a definitive agreement to acquire Trillium Flow Technologies' Valves Division for $490 million in cash, with closing expected mid-2026.
Ohio Transmission Corporation has acquired Furey Filter & Pump and its subsidiary PSI Engineering, two pump and filtration companies with 65 employees in Wisconsin and Minnesota.
Private equity firm Allegro Funds has agreed terms to take a stake in Questas Group, an Australian provider of hydraulic, irrigation, pump and engine solutions.
Chart Industries and Flowserve have finalized a $19 billion merger of equals, combining Chart's cryogenic technologies with Flowserve's pumps, valves and seals, with about $300 million in projected annual cost synergies.
Meson AB signed an agreement to acquire LK Valves, a marine flow control producer, including its production facility in Changzhou, China; the companies will merge under the Meson name.
SIGMA Corporation merged its Fire Protection business with four business units of Unique Industrial Group to form the SIGMA Piping Products joint venture. The venture will serve national pipe, valve and fittings distributors and OEM markets from Denver, Colorado.
Andronaco Industries acquired Diamond Companies, comprising Diamond Fiberglass, a fluid management vessel and tank maker, and Diamond Services, an industrial services business. The business will be rebranded Diamond Fiberglass Systems and Services.
Plexus Holdings formed a majority-owned joint venture, Plexus Pressure Control, with BEL Valves, a subsidiary of British Engines Group, to supply xmas trees and wellhead annulus outlet valves. The unit will operate from Plexus's Dyce facility in Aberdeen.
Anvil International and Smith-Cooper International closed their previously announced merger, with the combined company majority owned by Tailwind Capital. No financial terms were disclosed.
AxFlow GesmbH, part of the AxFlow Group, announced its acquisition of VIP Tehnika, a pump sales and service company in Maribor, Slovenia. The deal gives AxFlow a second base for growth in the Balkans and Austria.
Crane Co proposed an all-cash deal at $45 per share to buy Circor International, a transaction described as worth $1.7 billion. Circor's board rejected the proposal, and Crane made it public on May 21, 2019.
Crane Co proposed to acquire Circor International for $45 per share in cash, a 47% premium to Circor's closing price. Circor's board rejected the April 30 proposal, and Crane made it public on May 21, 2019.
Dover Corporation acquired the assets of All-Flo Pump Company, a maker of air-operated double-diaphragm specialty pumps, for $40.0 million in May 2019.
The Flacks Group, a US private investment group, has bought submersible pump maker Pleuger Industries from Flowserve, returning the Hamburg, Germany company to independence. Pleuger employs more than 200 people and plans further locations in the USA and Russia.
Gardner Denver and Ingersoll-Rand agreed to combine Gardner Denver with Ingersoll Rand's Industrial segment via a spin-off, creating a global pump and compressor maker valued at about $5.8 billion for Ingersoll Rand shareholders.
SPX FLOW announced it is initiating the sale of its Power and Energy business, with about $500 million in annual revenue, as part of narrowing its strategy to process solutions.
ITT Inc has completed its acquisition of the Rheinhütte Pumpen Group, a German pump maker. The deal was previously reported in February 2019.
Ingersoll-Rand plc agreed to spin off its Industrial business and merge it with Gardner Denver Holdings in a cash-and-stock Reverse Morris Trust deal valued at about $15 billion, announced April 30, 2019.
AxFlow AS has acquired all shares in Innva AS, a valve supplier based in Skui, Bærum, Norway, effective 29 April 2019. Innva will continue as an independent company with its own logo. The purchase price was not disclosed.
Ingersoll Rand agreed to merge its air compressor, pumps, and fluid and materials handling business with Gardner Denver, spinning off its industrial business. The climate solutions business will receive $1.9bn in cash from the merger financing.
MegaGroup Trade Holding B.V. acquired Anchor Pumps, a large UK pump specialist, which will help it grow in the UK and abroad. The announcement is listed on MegaGroup's news page dated 25 April 2019.
SAMOA Industrial, headquartered in Gijón, Spain, acquired Italian manufacturer Larius Srl, which makes transfer pumps, paint spray equipment and extrusion systems. The deal was announced on 12 April 2019.
French plumbing manufacturer SFA Group, parent of Saniflo, acquired Zehnder Pumpen GmbH, a German pump maker based in Grünhain-Beierfeld, Saxony. The acquisition is effective from 1 January 2019 and Zehnder will remain a separate legal entity.
Elliott Group completed the merger of Ebara International Corporation, based in Sparks, Nevada, with its Jeannette, Pennsylvania operations, effective from 1 April 2019. Cryodynamics cryogenic pumps are now made at Elliott's Jeannette factory.
Pietro Fiorentini completed the acquisition of a majority stake in TIV Valves Srl, a ball valve maker based in Rescaldina, Milan, on 5 April 2019; the company reports the first year after the deal as successful.
Dover Corporation sold the entire share capital of Finder Pompe S.r.l., a pump maker based in Merate, Italy, to Gruppo Aturia S.p.A. Equity Factory advised Dover. The transaction totals $24 million.
Elliott Group completed its merger with Ebara International Corporation, which makes cryogenic pumps and expanders, with its operations in Jeannette, Pennsylvania. The merged business became one of Elliott's four business units.
Hunt Valve Co, a Salem, Ohio valve maker backed by May River Capital, acquired Montreal Bronze Ltd of Terrebonne, Québec, a supplier of severe-duty bronze marine valves. No financial terms were disclosed.
Standard Industrial Manufacturing Partners, a Hicks Equity Partners portfolio company, has merged with DH Pump and Supply, a maker of replacement pump parts for the oil and gas industry, in Texas. Financial terms were not disclosed.
Smith Cameron Group acquired Westcan Industries and its sister company Indu-Tech, effective March 1, 2019, adding pump rebuild and repair and specialty valve manufacturing for Western Canada from a 45,000 sq ft facility in Langley, British Columbia.
Metso acquired the Valve Automation division of Rotex Manufacturers and Engineers Private Limited by acquiring all shares of RMEBS Controls Pvt. Ltd. in India to strengthen its valve network.
Emerson has acquired Advanced Engineering Valves, a Verviers, Belgium-based maker of ball valves for the LNG industry. Terms were not disclosed.
Flowserve has signed a definitive agreement to acquire the Valves Division of Trillium Flow Technologies, a supplier of valves for nuclear and traditional power generation, for $490 million in cash, with closing expected mid-2026.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, completed the acquisition of Madison-Smith Machine & Tool, a Kentucky-based plant maintenance, repair and precision machining provider, in December 2012.
Valmet agreed on February 26, 2019 to acquire North American GL&V, a global supplier of technologies, rebuilds and spare parts to the pulp and paper industry, for an enterprise value of about EUR 113 million on a cash and debt free basis. Completion is estimated at the earliest on April 1, 2019.
First Reserve agreed to buy Weir Flow Control, a maker of engineered valves and pumps, from The Weir Group PLC in a £275 million deal. Closing is expected in the second quarter of 2019, subject to antitrust approvals.