Izomax signed a three-year frame agreement with Shell that lets Shell use Izomax's patented Add-On Gate Valve technology for plant maintenance and modification work. The announcement was dated 22 August 2024.
Gilbarco Veeder-Root, a Vontier company, won two tenders worth a combined $59 million from Hindustan Petroleum Corporation for dispensers with eight years of service and submersible turbine pumps, to be delivered over 18 months.
Valfex will invest more than 5 billion rubles in two new plants and two warehouses near the village of Sukhodol in Vladimir region, set to open next year, according to governor Alexander Avdeev.
Danish firm Svanehøj was awarded a subcontract by SunRui Marine Environment Engineering to supply 32 deepwell NH3 fuel pumps for the first eight 210,000 DWT ammonia-fueled bulk carriers being built at CSSC Qingdao Beihai Shipbuilding, with the first delivery in Q4 2024.
Kitz Corporation decided to absorb its wholly owned subsidiary Toyo Valve Co. through an absorption merger, with the merger effective January 1, 2025, announced August 20, 2024.
Atlas Copco acquired Integrated Pump Rental, a South African rental provider of dewatering solutions headquartered in Johannesburg with 18 employees.
Sewis Pump Valve Manufacturing (Zhejiang) started construction on a 350 million yuan project in Haiyan Economic Development Zone to produce 100,000 sets per year of ship, ultra-low-temperature and hydrogen-energy valves, expected to start production in March 2026.
IMI Critical Engineering secured a multi-million euro deal to supply seven anti-surge valves to a major offshore upstream production facility in the North Sea, upgrading legacy valves.
BEAMCO Nigeria Limited received a contract from Saipem-Daewoo Joint Venture, the main contractor for NLNG, to supply 17 API pumps and 19 control valves for the NLNG Train-7 project on Bonny Island, reported by the NCDMB in August 2024.
Flowserve signed a definitive agreement to acquire privately held MOGAS Industries, a Houston-based maker of severe service valves, for $290 million plus a potential $15 million earnout. Closing is expected in Q4 2024.
Winters Instruments has acquired CPW Valve & Instrument, a Canadian manufacturer of pressure instruments and accessories based in Edmonton, Alberta. Both companies will continue to operate independently.
ARI-Armaturen completed the acquisition of Warren Controls, Inc., a control valve company based in Bethlehem, Pennsylvania, on 12 August 2024. Financial terms were not disclosed.
Sodeco Valves, part of Thermador Groupe, signed on August 9, 2024 to acquire the business of Vena Contracta, a Belgian maker of specialty industrial valves, for €1 million paid in cash. Vena Contracta reported sales of €1.4 million in 2023.
The Arab Organization for Industrialization opened a production line for safe gas valves for cooking stoves at its subsidiary Arab British Dynamics (ABD) in Egypt, with capacity of 1 million valves a year. Plans call for lines to reach 5 million valves a year within three years.
ThermOmegaTech is expanding its manufacturing facility in Warminster, Bucks County, Pennsylvania, adding 23,000 square feet to the existing 37,000 square feet for manufacturing, R&D and office space. The company said the expansion will create jobs; the announcement was dated 7 August 2024.
Edwards Vacuum has celebrated the groundbreaking of its first US dry pump factory for semiconductor equipment in Genesee County, New York. The investment is expected to exceed $300 million and create 600+ jobs.
A Chinese tank container valve maker's subsidiary is building a new 36.2 mu, roughly 22,000 square meter plant in Rudong, Jiangsu for high-end stainless steel valves, with investment of 500 million yuan. Main structure was topped out on June 24, 2024, and the plant is expected to produce 60,000 pieces per year.
Heat-Timer Corporation, a supplier of commercial heating controls and energy management systems, has been sold to Leonard Valve Company, a portfolio company of Bessemer Investors. EC M&A acted as exclusive financial advisor to Heat-Timer.
Graham Corporation was awarded a contract to provide the MK19 air turbine pump for the torpedo ejection system on the Columbia-class submarine, as part of three contracts worth over $65 million combined. Products will be made at its Arvada, Colorado operations; the award was in the second quarter of fiscal 2025.
SLB OneSubsea, a joint venture of SLB, Aker Solutions and Subsea7, secured a Petrobras contract for subsea production systems for two ultra-deepwater fields offshore Brazil, with FPSOs expected to start producing from 2029.
SLB OneSubsea has won a Petrobras contract to supply pre-salt subsea production systems and services for the second development of the Atapu and Sepia fields in Brazil's Santos basin, with much equipment produced locally in Brazil.
Atlas Copco Group has acquired AVT Services Pty Limited, a vacuum pump and system sales and service company headquartered in Sydney with 15 employees, undisclosed price.
Celeros Flow Technology has secured multiple contracts to supply safety-critical nuclear pump packages for the Sizewell C power station in the UK, to be designed and manufactured by its ClydeUnion Pumps brand at its facility in Annecy, France.
LESER inaugurated a brownfield expansion of its safety valve manufacturing facility in Paithan, Aurangabad, India, with an investment of over INR 50 crore. The groundbreaking took place on 17 July 2024.
Rapid Pump, a Hidden Harbor Capital Partners portfolio company, acquired Metro Pumps & Systems, a pump and motor repair and distribution firm in Edison, New Jersey. The deal expands Rapid Pump's customer base in the NYC-metro area.
The Weir Group won a £25m contract to supply separation solutions, including WARMAN slurry pumps and CAVEX hydrocyclones, for the next phase of OCP Group's Benguerir and Louta greenfield phosphate projects in Morocco. The order was announced in July 2024 and will be recognised in the order book in Q3 2024.
Weir Group has been awarded a £53m contract to supply HPGRs, screens, slurry pumps and hydrocyclones for Barrick's Reko Diq copper-gold project in Chagai, Balochistan, with the first £26m call-off booked immediately.
Russian manufacturer GMS Group disclosed a combined investment program exceeding 35 billion rubles for modernization and new capacity, including 12 billion rubles invested in 2014-2022 and over 23 billion rubles planned for 2023-2026. Projects include pump and compressor plants in Orel, Kazan and Zelenodolsk and a facility in Livny.
Simex Defence won a multimillion-dollar contract to supply Safety Relief Valves to the Department of National Defence Maritime Forces in Canada. The contract value was not specified.
Dover has acquired Marshall Excelsior Company for $395 million in cash. The Michigan-based flow control component maker will join Dover's OPW Global unit.
Turkish Dalgakıran Kompresör has completed a new plant for industrial energy equipment in Belogorodka, Kyiv region, investing UAH 400 million (about $10 million). The investment is expected to create 50 new jobs.
Metso has signed an agreement to acquire Jindex Pty Ltd, a Sydney-based private Australian valve and flow control company. The deal is expected to close in August 2024, and the transaction value was not disclosed.
Dover has acquired Demaco Holland B.V., which makes cryogenic flow control components such as valves, couplings and loading arms. Demaco joins OPW's Clean Energy Solutions business within Dover's Clean Energy & Fueling segment. The announcement is dated July 18, 2024.
Wateralia, an Ambienta platform company, has completed its acquisition of Calpeda Pumpen, an established German pump distributor for the water sector. It is Wateralia's fourth buy-and-build deal and strengthens its German distribution network.
Oliver Twinsafe will supply soft-seated double block and bleed valves in 316 stainless steel for phases 2 and 3 of the Plaquemines project, for an unnamed European compression manufacturer. The project is on the Mississippi River about 20 miles south of New Orleans.
BEL Valves has delivered six API 6DSS subsea gate valves to SubseaDesign for the pipeline end manifold of the Wilhelmshaven LNG terminal, which aims to import 8.5% of Germany's gas demand. The valves were manufactured at BEL Valves' Newcastle upon Tyne facility.
Workdry International has acquired Holland Pump Company, a pump rental business with over 1,000 pumps across 15 US sites, backed by Arcus Infrastructure Partners. It will operate as Workdry's North American division.
Japan's Tsurumi Manufacturing acquired the entire share capital of Zenit International SpA, holding company of wastewater treatment equipment maker Zenit Group, based in San Cesario sul Panaro. The agreement was signed on 15 July 2024.
Chaoda Valve is building an 8,000-tonne-per-year high-end smart pump and valve plant in Oubei, Yongjia, Wenzhou, with total investment of CNY 560 million. Civil construction had passed 60% by July 2024 and is expected to finish by year end.
Celeros Flow Technology's ClydeUnion Pumps brand will supply two high pressure supercritical CO2 injection packages to ADNOC for its carbon capture and storage project at the Habshan gas plant in Abu Dhabi.
ITT Inc. announced that its Svanehoj business will supply deepwell ammonia fuel pumps for eight bulk carriers owned by a leading maritime shipping and logistics group, with the first two deliveries in 2024 and the rest in 2025.
UK Research and Innovation awarded Rotork UK Ltd a competitive contract for electric valve actuators for STFC RAL in Oxfordshire, with a stated value of 36,717.4 (currency not specified), work running from July to September 2024.
Under an agreement signed with the Chelyabinsk regional governor at Innoprom-2024, ChelyabinskSpecGrazhdanStroy, part of LD group, plans to expand production of pipeline valves with over 1.5 billion rubles of investment, new workshops and more than 250 jobs by 2029.
Mogas Industries was awarded a multimillion-dollar contract to supply more than ninety severe service valves and actuation packages for S-Oil's Shaheen project in South Korea, the first commercial TC2C plant.
Taco Europe built a new facility in Boršov, Czech Republic, producing high-performance circulators and heat interface units for heating, cooling and solar systems, plus a European distribution center. The plant expands capacity to meet growing demand.
Bruce Power signed a 10-year alliance agreement with Velan Inc. to supply nuclear and non-nuclear valves and related services, valued at $50 million and possibly near $100 million. The work supports Bruce Power's Life-Extension Program in Ontario.
Bruce Power signed a 10-year alliance agreement with Velan Inc. to supply nuclear and non-nuclear valves and related services, worth $50 million and potentially up to $100 million, announced 8 July 2024.
Ebara group companies Hayward Gordon ULC and EBARA Pumps Canada merged into EBARA HG ULC, which makes industrial pumps and mixers. Scott Turbon Mixer was renamed EBARA Mixers Inc.
South Africa's Competition Commission conditionally approved KSB's proposed acquisition of Davron, Davron KZN and Davron Services, fire protection pumpset makers. The commission found the deal unlikely to substantially lessen competition.
Dacke Industri completed the acquisition of 70% of the shares in Airon Srl, a Rovigo, Italy maker of pneumatic actuators and valves, on 3 July 2024. The existing owners keep the remaining 30%.