Baker Hughes Masoneilan has won a package of high-pressure API-6A control valves for the Mero-3 FPSO in the Santos Basin, offshore Brazil. The valves were made at its Conde, France facility and shipped in January 2023, with production expected in 2024.
Flowserve will supply more than 400 pumps for Aramco's Jafurah unconventional gas project in Saudi Arabia, working with three EPC contractors. The value of the awards was already included in Flowserve's third quarter 2022 backlog.
The Xindi Peier valve R&D center and intelligent retrofit project in Zigong's Gaoxin district has a total investment of 100 million yuan. It is due to start trial production in June 2023 and reach full output in August, adding 100 million yuan of annual output value.
NETZSCH Pumps & Systems assembled its first progressing cavity pump at the new NETZSCH Campus in Waldkraiburg, Germany, on 9 January 2023. The campus unites three local sites and is planned to run without fossil fuels.
Saleri received three new orders for electric coolant pumps for battery electric vehicles, for a leading American carmaker and two major European and Asian carmakers, totalling EUR 400 million in order book value.
Atlas-SSI, a North American traveling water screen and bulk material handling manufacturer, has acquired Cooling Tower Valves and Screens LLC of Baton Rouge, Louisiana. The announcement was made on January 6, 2023.
Hwaseong Valve signed a single supply contract with Korea Gas Corporation to supply 10-inch-and-larger ball valves for a construction project at a supply management station, worth KRW 3.87 billion (about 5.38% of its recent sales). The contract runs from January 5, 2023 to February 29, 2024.
Edwards opened a 200,000-square-foot facility in Chandler, Arizona, in November 2022 for remanufacturing and assembly of vacuum pumps for the US semiconductor market. The site is expected to create about 200 new jobs.
J. Sloan & Co. advised on the sale of Arlington, Texas-based water treatment equipment supplier Pumps and Controls to an undisclosed industry buyer. The transaction closed on September 30, 2022, and terms were undisclosed.
Baker Hughes expanded the clean room at its Suzhou, China valve plant to about 158 square meters, more than double its previous size, to increase production capacity for air separation and hydrogen projects.
Maag Group acquired Witte at the beginning of 2023, and the two companies have since merged to develop a new generation of gear pumps.
Ingersoll Rand completed its all-cash acquisition of SPX Flow's Air Treatment business for about US$525 million in Q1 2023. The business makes compressed air dryers and filters.
Standex International closed the sale of its Procon Pumps business to Investindustrial, a European investment and advisory group. The transaction was reported in the first quarter of 2023.
Sweden's Indutrade acquired Waalwijk-based Siersema Komponenten Service BV (SKS), a trader of valves, pumps, filters and heat exchangers for food, beverage and pharmaceutical processes. SKS has annual sales of about EUR 35 million and 50 employees.
Holland Pump Co acquired BPR Pumping & Vacuum Solutions, a Texas pump rental business with branches in Houston and Austin, adding dewatering services. The deal was reported in the first quarter of 2023.
Hiab agreed to buy the family-owned Swedish industrial group Olsbergs, which makes hydraulic valves and remote controls for its loader cranes. The closing is set for 1 January 2023, and all 100 Olsbergs employees will join Hiab. The value was not disclosed.
LOT Vacuum signed a supply contract with Samsung Electronics worth 14.3 billion won for dry vacuum pumps used in semiconductor processes. The contract runs until 30 December 2023 and equals 5.52% of LOT Vacuum's prior-year revenue.
Shanghai Yuxuan Pump & Valve signed a supply contract with Sinopec Oil Construction Engineering for more than 200 valves. The valves serve the new tank farm project at Sinopec's Anqing Petrochemical plant in Anhui, which will add four 3,000 m3 cracked raffinate storage tanks.
Vectis Private Equity and D2E are acquiring a stake in Water Is Life Group, a Pelt-based European maker and distributor of pump and irrigation systems. The management team will reinvest, and the deal will fund further international acquisitions. The value was not disclosed.
Finav, the holding company of Italian steel processing conglomerate GIVA Group, has completed the acquisition of 100% of the shares of Pibiviesse, a valves and actuation business. GIVA expects synergies with its network of industrial plants.
Marine pump specialist Svanehoj secured an order for 98 electric deep well cargo pumps for seven LNG/LBG-fuelled chemical and product tankers being built for FureBear at a Chinese shipyard in Yangzhou for delivery between 2023 and 2025.
Pedrollo Group announced it acquired a majority stake in Saci Pumps (Bombas Saci S.A.), a Barcelona-area maker of swimming pool pumps, to expand its pool pump range and Iberian presence. Saci Pumps is projected to have about EUR 27 million revenue in 2022; the deal value was not stated.
Swiss firm Maag Pump Systems has acquired Witte Pumps & Technology, a Tornesch, Germany gear pump maker, forming a new integrated Gear Pumps business unit led by Witte's former owner Dr. Sven Wieczorek. The deal was announced on 21 December 2022.
Atlas Copco has agreed to acquire CVS Engineering GmbH, a Rheinfelden, Germany maker of industrial vacuum pumps and blowers for mobile use, which has 76 employees and about €20 million annual revenue. The purchase price was not disclosed and closing is expected in Q1 2023.
Sinopec Capital, jointly with Hefei Innovation Sci-tec Venture Capital, invested in Hefei Huasheng Pumps & Valves to expand into high-end petrochemical pumps. The announcement is dated 20 December, presumably 2022, and no amount was disclosed.
Middle-market private equity firm Wynnchurch Capital acquired a majority stake in Industrial Service Solutions, a US industrial MRO services company, from Edgewater Funds and JZ Capital Partners. The deal was reported on 20 December 2022.
Griffin Dewatering, a portfolio company of Dallas-based Crossplane Capital, purchased the Pump & Integrity Rental segment of Cross Country Infrastructure Services. The deal was reported on 20 December 2022.
Flowserve and Chart Industries signed an agreement under which Flowserve acquires in-process R&D for Chart's liquid hydrogen fueling pump and will be its sole manufacturer and supplier once commercial production begins.
CNOOC Liaoning Natural Gas published a tender shortlist for a valve procurement project, ranking Zhejiang Lianda Valve first at CNY 154,612.14 including VAT. Two other valve makers were ranked second and third.
Dover completed the acquisition of Witte Pumps & Technology GmbH, a Germany-based manufacturer of precision gear pumps, which will join its Maag business unit; the price was not disclosed.
Egypt's Ibda initiative signed a shareholder agreement with Spain's Coperci, part of Mondragon, to build Egypt's first gas safety valve factory with capacity of 15 million valves and an investment of about $7.6 million, scheduled to open in April 2023.
Egypt's Ibda initiative signed a shareholder agreement with Spain's Coperci, part of Mondragon group, to set up Egypt's first gas safety valve factory with capacity of 15 million valves and an investment of about $6.7 million, scheduled to open in April 2023.
SAIPEM awarded Baker Hughes more than 250 Consolidated pressure relief valves, including high-pressure API 10/15k valves, for the Petrobras P-79 FPSO at the Búzios field. The FPSO is due for delivery in 2025.
Amarinth won a further order from VWS Westgarth for two titanium API 610 OH2 chemically enhanced backwash pumps for the One Guyana FPSO, which serves the Yellowtail development offshore Guyana. The pumps will be delivered on a 38-week lead time. The article gives no deal value.
The Stephens Group acquired Quality Valve, an OEM replacement parts provider, from seller Pfingsten. The article gives no deal value.
Bertotto Boglione opened a new 8,000 m2 industrial plant in Marcos Juárez, Córdoba, for final assembly of pumps, fuel dispensers and pipes, employing over 200 people.
Baker Hughes' Masoneilan valves unit won a contract to supply 21000 and 41000 globe control valves for the Advanced Clean Energy Storage hydrogen project in Delta, Utah, which supports an 840 MW hydrogen-blend gas turbine plant. The project is being built by Mitsubishi Power Americas and Magnum Development.
Addtech Process Technology acquired 100% of Advanced Valve Solutions Holding B.V., a niche provider of engineered high-end valves and steam attemperators for power generation, headquartered outside Amsterdam. The company has 27 employees and annual sales of about EUR 13 million.
Indutrade AB signed and closed the acquisition of all shares in Armaturen Aichhorn GmbH, an Austrian technical trading company supplying industrial valves with about EUR 6 million in annual sales. The company has 17 employees and is located in Krenglbach, Austria.
Central States Industrial (CSI) completed its acquisition of Sierra Seals, a supplier of hygienic pipe, valves, pumps and related equipment, and Sierra Seals is moving to a new site in Ceres, California. The deal was announced on December 1, 2022, and the acquisition was completed on August 1, 2022.
Private equity firm One Equity Partners has bought pump maker DESMI, headquartered in Nørresundby, Denmark, from its private shareholders. Lincoln International co-advised on the transaction, and the financial terms were not disclosed.
Flowserve agreed to acquire Velan, a Montreal-based industrial valve maker, in an all-cash transaction valued at about $245 million including assumed debt. The deal is expected to close by the end of the second quarter of 2023.
Hidden Harbor Capital Partners acquired Machinery Services Corp. and Rapid Pump & Meter Services Co., based in Paterson, New Jersey, with senior secured credit facilities provided by LBC Credit Partners. The deal was announced on 29 November 2022.
Amarinth has won a further order from VWS Westgarth for two titanium API 610 OH2 chemically enhanced backwash pumps for the FPSO One Guyana, which will serve the Yellowtail development offshore Guyana. The announcement is dated 28 November 2022.
SLB's OneSubsea business and Subsea Integration Alliance won a large EPCI contract from bp for the Cypre gas project offshore Trinidad and Tobago, with offshore installation scheduled to start in 2024.
Mitsubishi Heavy Industries delivered the first of 34 pump sets for Units 1 and 2 of Hinkley Point C in the UK to subcontracting client Trillium Flow Technologies. The pumps are being supplied for the EDF Energy subsidiary Nuclear New Build project.
Sulzer completed a modernization of its Karhula pump factory in Kotka, adding a highly automated, digitized pump production line and a new logistics centre. The upgrade cuts production throughput time by 93%.
Score Group was awarded a framework contract by National Grid Gas Transmission and Metering to procure, supply and stock valves and actuators across the GT&M gas network in the UK. The contract commenced in July 2022.
Edwards plans to open a new dry vacuum pump manufacturing facility in the WNY STAMP park in Genesee County, New York, with a $319 million investment that will create around 600 skilled jobs. The first phase is a 240,000 sq ft site costing about $127 million.
KSP signed a supply contract worth KRW 3,544.52 million (about $2.7 million) with Hyundai Global Service to supply valve spindles and valve seat rings for medium-speed engines, with the contract running until December 31 of the following year.