Armatec Group, part of Ernstromgruppen, signed an agreement to acquire all shares in Dansk Ventil Center and Valtor Offshore from Eriks BV, an industrial service provider of mechanical engineering components. The deal was reported in September 2017.
Avingtrans Engineering Technology Group acquired Hayward Tyler, a maker of electric motors and pumps for energy and chemical industries, in an all-share transaction effective September 1, 2017. Hayward Tyler becomes a wholly-owned division of Avingtrans.
Thermador Groupe of France announced its acquisition of Sodeco Valves. The announcement gives no deal value, location or closing details.
PumpMan Holdings LLC, a Soundcore Capital Partners portfolio company, completed the acquisition of Bartley Pump of Santa Rosa, California. The deal adds agricultural pump service and repair to PumpMan's offering.
Private equity firm May River Capital has completed its acquisition of BJM Pumps, LLC, a maker of submersible pumps, forming the first acquisition of its new Industrial Pump platform. Terms were not disclosed.
Betts Industries acquired a majority stake in J-Tech Incorporated, its long-time partner and exclusive rebuilder of its tank truck valves, located in Chester Springs, Pennsylvania. The deal is intended to support growth into new markets.
Private equity fund TGP Capital Partners II has acquired Air Power Systems Co., LLC (Apsco) of Tulsa, Oklahoma, a maker of pneumatic and hydraulic valves, cylinders, actuators and control systems for heavy duty truck equipment markets. CEO Vince Williams partners with TGP on the deal.
Effective August 1, 2017, Medo USA Inc. merged with its parent company Nitto Kohki USA in Roselle, Illinois, unifying the US corporate structure. Product models, part numbers and pricing are unchanged.
Pfeiffer Vacuum Technology AG acquired California-based Nor-Cal Products, a vacuum component maker with about 300 employees in the USA and Vietnam, for $68 million. The deal was announced on 1 August 2017.
SPX FLOW and WTE Wajdi Group signed an agreement to form a joint venture offering rotating and static equipment services to oil, gas, industrial and power customers in Iraq. The JV will be based in Dubai with a field subsidiary at North Rumalia Oil Field in southern Iraq.
Westpower and R&R Machine agreed to amalgamate their ownership interests, combining pump repair, field services and engineered pump supply across the US Northwest and Western Canada, with closing expected around July 31, 2017.
Yokogawa Electric has acquired TechInvent2 AS, a Norwegian firm holding rights to FluidCom, a chemical injection metering valve for oil wells and pipelines. Yokogawa will target upstream and midstream oil and gas customers with it.
Pentair plc completed the sale of its Valves & Controls business to Emerson Electric in a US$3.15 billion deal.
Nikkiso agreed to acquire the business and trademarks of California-based Cryogenic Industries, including ACD, Cosmodyne, Cryoquip and 18 subsidiaries, in a deal valued at around US$438 million.
Franklin Electric is acquiring controlling interests in three US professional groundwater distributors: 2M Co, Western Hydro Holding and Drillers Service Inc. The deal is valued at approximately US$89 million including assumed debt.
Armatec Group, part of Ernströmgruppen, signed an agreement to acquire all shares in Dansk Ventil Center AS and Valtor Offshore AS from ERIKS. Both businesses will remain separate with unchanged management.
Teledyne Instruments, a subsidiary of Teledyne Technologies, acquired Scientific Systems Inc., a State College, Pennsylvania manufacturer of piston pumps and precision components. Terms of the deal were not disclosed.
MLD, a maker of motorized industrial valve actuators, acquired PFS, an independent northern French company with about EUR 5 million in revenue and 30 employees. The deal also diversifies MLD into fluid management from storage to distribution.
OMB Valves s.p.a. signed on 5 July 2017 to acquire the Vogt Valves division from Flowserve Corporation for approximately $28 million and completed the deal on 6 July 2017, with an expected gain of about $10 million for Flowserve.
Halliburton announced it will acquire Tulsa, Oklahoma-based Summit ESP, which makes pumps for artificial lift in oil and gas wells. Financial terms were not disclosed.
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.
Hyundai Heavy Industries and Saudi Aramco plan a joint venture in Saudi Arabia to produce engines and marine pumps. The article is dated 1 July 2017 and gives no value or site.
AIM-listed pumps and motors group Hayward Tyler agreed an all-share merger with fellow AIM engineer Avingtrans, valuing Hayward at 51.6p per share, subject to shareholder approval of a scheme of arrangement.
Ahlsell agreed in June 2017 to acquire the Swedish VA distributor ViaCon VA, with annual revenue of about 320 MSEK, and the Swedish Competition Authority has now approved the deal. Takeover is expected in early November 2017.
On 22 June 2017 Zetkama Sp. z o.o. absorbed ARMAK S.A. within Mangata Holding Group, with the combined company making valves and castings at Ścinawka Średnia and Sosnowiec, Poland.
Sulzer has completed the acquisition of industrial pumping solutions company Ensival Moret, combining their portfolios into a full line of pumps and mixing solutions.
Kirloskar Oil Engines will acquire a 76% stake in Ahmedabad-based electric pump maker La-Gajjar Machineries at 7.89 times EBITDA, with the remaining 24% to be bought over five years; the amount was not disclosed.
Weir Oil & Gas agreed to acquire KOP Surface Products, a Singapore-headquartered provider of wellheads, surface trees, valves and actuators with 450 employees, for an enterprise value of US$114 million. Completion is expected in Q3 2017.
Akastor ASA agreed to sell KOP Surface Products, a Singapore-based supplier of wellheads, trees, valves and actuators, to The Weir Group for USD 114 million on a debt- and cash-free basis. Closing is expected in Q3 2017.
Mueller Industries, a maker of valves, tubing and fittings for plumbing and HVACR piping, has announced the acquisition of PexCor Manufacturing Company.
Parker Hannifin has acquired Erie, Pennsylvania-based Snap-tite, a maker of high pressure fluid power components for oil and gas and industrial markets.
Valco Group France announced an agreement to acquire D2FC and its entities D2FC Energy Valves, D2FC Services and D-KTC Fluid Control, makers of hydropower butterfly and ball valves.
Exotic Automation & Supply, a Michigan fluid power distributor, acquired Sidener Engineering, a Noblesville, Indiana fluid power and safety products distributor; Amherst Partners advised the buyer.
Spirax-Sarco Engineering agreed to buy Pittsburgh-based thermal technology company Chromalox from Irving Place Capital for $415 million on a cash-free, debt-free basis, financed by new bank debt. Chromalox has five manufacturing facilities across North America, France and China.
Dover Corporation completed its acquisition of Maag Group, a Zurich-based maker of gear pumps and filtration systems, for approximately $285 million, with Maag joining Dover's Pump Solutions Group.
PMI Aerospace, based in Rockford, Illinois, acquired Reno, Nevada-based Precision Valve, a maker of hydraulic servo valve components for commercial and military aircraft flight control systems.
Chinese NEEQ-listed Youji (优机股份) announced it will acquire a 21.86% stake in Australian valve and engineering company AVE for RMB 958,900 (about 95.89万 yuan), raising its holding to 72.86%.
Pentair plc announced completion of the sale of its Valves & Controls business to Emerson Electric for USD 3.15 billion, subject to customary working capital adjustments. Baer & Karrer acted as Swiss legal counsel to Pentair.
Comet, part of Emak, signed a binding contract to acquire 83.1% of Lavorwash from Zenith, with an initial valuation of about EUR 54.8 million. Closing is expected in early July 2017.
Nikkiso Co agreed to acquire Cryogenic Industries, which makes cryogenic pumps and equipment for industrial gas, LNG and energy markets. The acquisition is expected to close in August 2017, subject to regulatory approvals.
Northwest Pump & Equipment has acquired the assets of Clackamas, Oregon-based Performance Pump, which offered over 20 lines of industrial pumping equipment. Performance Pump product lines and staff will join Northwest Pump.
Danish AVK Holdings has acquired the majority share of Chesterfield, England-based polyethylene electrofusion fittings maker Fusion Group Limited for an undisclosed sum.
Wilo USA took over the operative business of US pump producers Weil Pump Co and Scot Pump Co and component maker Karak Machine Corp. The three companies employ about 140 people in Cedarburg, Wisconsin.
Anderson Process, a Wisconsin-based process equipment supplier, acquired Werner-Todd Pump Co, a pump distributor and service provider in Indiana, Ohio and Kentucky, in Q1 2017.
KSB sold its Houston, Texas-based subsidiary KSB AMRI Inc to Bray International Inc, effective January 31, 2017.
Italy's Interpump Group bought Inoxpa Group, a Spanish maker of process equipment and flow handling systems for the food, cosmetics and pharmaceutical industries, in Q1 2017.
Sulzer completed its acquisition of Ensival Moret (EM) from Moret Industries in Q1 2017. The business is being integrated into Sulzer's Pumps Equipment division.
KRG Capital Partners, a Denver-based buyout firm, has entered into a merger agreement to sell PAS International Holdings, a valve component provider.
Emerson said it expects final US FTC and Mexican regulatory approval for its acquisition of Pentair's Valves & Controls business, and will divest a non-material business to secure clearance. Closing is expected by the end of April 2017.
Flowserve entered a conditional sale and purchase agreement to sell Gestra AG and associated businesses to Spirax-Sarco Engineering for EUR 186 million. Gestra makes steam and boiler control valves and systems.