Platinum Equity, a global investment firm, acquired Warren Valve, a Houston-based flow control valve maker, from Allied Group. Terms were not disclosed.
WILO USA LLC, a subsidiary of WILO SE, acquired in an asset deal the operative business of Weil Pump Company, Scot Pump Company and Karak Machine Corporation, which employ about 140 people in Cedarburg, Wisconsin. I-ADVISE AG advised WILO SE as financial advisor.
Forum Energy Technologies, a Houston-based oilfield equipment maker, has successfully acquired Cooper Valves. The deal terms were not disclosed.
Cameron has agreed with CNPC to set up a joint venture to manufacture pipeline ball valves. The valves will mainly support CNPC's pipeline construction across China over the coming decade.
Anderson Process announced its acquisition of Werner-Todd Pump Company, an industrial pump distributor. No deal value or location was given.
FCX Performance, a flow control products distributor, acquired Monroe, Michigan-based Renew Valve & Machine Co. and its Cleveland, Ohio-based Valve & Gauge division. The deal was announced on Friday, February 10, 2017, and terms were not disclosed.
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.
US automation group Emerson Electric agreed to acquire the Valves & Controls business of Pentair, headquartered in Schaffhausen, Switzerland, for $3.15 billion. Emerson expects its share of the process automation market to rise from 7% to nearly 10%.
The Indian government intends to divest 100 percent of Bharat Pumps & Compressors through a strategic sale with transfer of management control. The Cabinet cleared the sale in September 2016, and DIPAM is seeking advisors.
Interpump Group acquired 100 percent of Inoxpa Group, a Spanish maker of process equipment and flow-handling systems for food, cosmetics and pharmaceuticals, for EUR 90 million. Inoxpa had fiscal 2016 sales of nearly EUR 60 million.
KSB divested its subsidiary KSB AMRI, Inc. in Houston, Texas, which makes butterfly valves and actuators for chlorine production, to Bray International. KSB and Bray also signed a sales and supply cooperation agreement.
Mueller Water Products agreed to acquire Singer Valve, a Surrey, British Columbia maker of automatic control valves, for C$34 million in cash. The deal is expected to close in Mueller's fiscal second quarter of 2017.
DexKo Global has signed an agreement to acquire Italy-based Fluid-Press Group, a maker of hydraulic valves and manifold blocks founded in 1971. Fluid-Press will join DexKo's Hydraulics business alongside Safim Brakes.
Lewa GmbH signed a purchase contract to take over the entire Seko Middle East FZE plant in the United Arab Emirates, including assets and the chemical injection package business, effective December 1, 2016.
Sulzer is in discussions to acquire Ensival Moret from Moret Industries for an enterprise value of about $83.6 million. Ensival, founded in 1905 and based in Saint-Quentin, France, had sales of about $120 million in 2015.
Forum Energy Technologies acquired the assets of Cooper Valves, a Stafford, Texas maker of metal seated ball valves and cast and forged gate, globe and check valves.
AxFlow AS, a Norwegian pump and instrumentation supplier, has bought Process Partner AS, a six-employee process instrumentation firm in Larvik, which will operate as part of the AxFlow Norway Group.
Coimbatore-based pump maker EKKI Group has completed the acquisition and integration of Deccan Pumps Private Ltd, a maker of sump submersibles, monoblocs and surface pumps.
Halliburton filed with Russia's Federal Antimonopoly Service over a potential acquisition of an interest in Novomet Oil Services Holding, an electrical submersible pump maker, possibly up to 100%. No agreement had been reached.
Italian pneumatic and hydraulic component makers Airwork and Tecnofluid have combined into A&T Fluid Solutions srl, with a new production site in Carate Brianza. Orders and customer relations are handled by the merged company from 1 October 2024.
Aalberts Industries, parent of Apollo Valves, acquired Georgia-based Shurjoint Industries, a maker of mechanical piping components, to extend the end-to-end connection portfolio of Apollo Flow Controls.
Private equity firms Advent International and KKR have made offers reported at around Rs 3,000 crore ($400-500 million) to buy 100% of L&T Valves from Larsen & Toubro, though no deal has been agreed.
LEWA GmbH signed a purchase agreement to acquire Seko Middle East in the United Arab Emirates, effective 1 December 2016, to produce chemical injection packages in-house.
Bimba, a pneumatic and motion solutions company, has acquired Vaccon Company, a Massachusetts-based maker of vacuum pumps, vacuum cups and end-of-arm tools. Vaccon will keep operating from its current location under its existing management.
Watson-Marlow Fluid Technology Group, part of Spirax-Sarco, acquired Aflex Hose Limited and its US subsidiary for £61.4 million. Aflex, based in Halifax, England, makes PTFE-lined flexible hose for the pharmaceutical, food and chemical industries.
Swiss Sulzer is negotiating exclusively to buy French pump maker Ensival Moret for CHF 85 million (about EUR 80 million), with closing possible in Q2 2017 subject to shareholder approval, reported November 28, 2016.
Emerson has agreed to buy Pentair's Valves & Controls division for $3.15 billion to expand its automation and valve portfolio. The division, headquartered in Schaffhausen, Switzerland, has about 7,500 employees.
Axel Johnson International, through its AxFlow business group, acquired Process Partner AS, a Larvik-based Norwegian distributor of process instruments and positive displacement pumps. The deal strengthens AxFlow's fluid handling business in the Nordics.
Valvitalia signed a contract to acquire 100% of Nuova Giungas, a Formigine (Modena) manufacturer of monolithic isolation joints for pipelines with 36 employees and about EUR 7 million turnover in 2015. The deal extends Valvitalia's oil and gas product portfolio.
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.
Larsen & Toubro approved a scheme of arrangement with its subsidiary L&T Valves Ltd, a deal valued at 437.9 million rupees in cash.
Ham-Let (Israel-Canada) Ltd., a maker of instrumentation valves and fittings, is buying Norwegian company Norvalve. The deal was reported on 2016-10-20.
India's Competition Commission approved Emerson Electric's proposed acquisition of Pentair's valves and controls business for USD 3.15 billion, a deal first signed in August 2016.
Hillenbrand Inc. agreed to acquire Carnegie, Pennsylvania-based Red Valve Co. Inc. for USD 131.9 million, pending final approval. Red Valve makes valves for wastewater environments.
Parker Hannifin completed the acquisition of President Engineering Group Limited, based in Sheffield, UK, to strengthen its position in the LNG market.