Guangzhou Shipyard International selected Svanehøj to supply 96 deepwell pumps for four new 49,900 DWT product and chemical tankers being built for White Whale Shipping. It is Svanehøj's largest P&C tanker order since 2005.
Hayward Tyler, a subsidiary of Avingtrans, signed a license agreement under which Ruhrpumpen will exclusively manufacture, sell and service Westinghouse vertical pumps and Babcock & Wilcox industrial pumps. The deal targets conventional power and industrial markets.
Antylia Scientific will establish a Masterflex Bioprocessing facility in the National Science Park in Mullingar, Ireland, creating 60 jobs. The site will design and manufacture Masterflex peristaltic pumps, supported by IDA Ireland.
Kalamazoo-based electric motor and performance systems company HECO acquired Kentucky Service Co. of Lexington, a service provider for electric motors, pumps and rotating equipment. HECO announced the deal in a May 4 press release.
Werner Pumps has installed and commissioned new Haas CNC machine tools at its Springs headquarters in South Africa, a R3 million investment that cut production time on some components by 50% or more.
EQUANS confirmed its acquisition of Risterm Industrial Valve Services, a Belgian industrial valve maintenance and repair company with 55 staff at sites in Villers-Le-Bouillet (Huy) and Lokeren.
Richards Industrials acquired Equilibar, a Fletcher, North Carolina manufacturer of back pressure, vacuum and electronic pressure control products, on May 3, 2021. The terms were not disclosed.
Equinor and partners' Vigdis subsea pump boosting station, a NOK 1.4 billion project awarded to OneSubsea, came on stream in May 2021 and is expected to add around 16 million barrels of oil.
Dante Valve Co. will invest $1.9 million to expand its Ballentine Boulevard facility in Norfolk, Virginia by 10,000 square feet and add 40 jobs. The company makes pressure-relief valves, mainly for naval vessels.
Marshall Excelsior Company, a Harbour Group company, acquired certain assets of Hurricane Products, a Valencia, California maker of RV and camping gas regulators. Terms of the transaction were not disclosed.
Svanehøj won a contract from Guangzhou Shipyard International (GSI) to supply 96 deepwell P&C cargo pumps for four 49,900 DWT MR tankers being built for White Whale Shipping. It is the company's largest single P&C order since 2005.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, acquired Midwest Valve Parts Supply Co., a specialty industrial valve services business.
Netzsch Pumpen & Systeme broke ground in Waldkraiburg on a 50 million euro new campus with a multi-storey assembly hall and automated warehouse, due by June 2022, consolidating three plants for 650 employees.
Tatweer Petroleum in Bahrain awarded five-year valve supply contracts totaling BHD 29.5 million (USD 78.5 million) to Global Energy, Valvetech and Techno line Trading for use in Tatweer oil fields.
The AVK Group has acquired a majority shareholding in OMV-INDOIL, a Zagreb-based valve manufacturer with plants in Croatia and Bosnia and Herzegovina; founder Tomislav Matkovic remains a minority shareholder.
Fangzheng Valve Group won a tender for low-temperature shut-off valves (6 inch and below, 300LB and below) for the Tangshan LNG project run by Offshore Oil Engineering. The winning bid was CNY 327,747.46 including VAT, announced on 23 April 2021.
Construction is underway on Linuo's high-performance control valve production and R&D project in Ruian, Zhejiang, with total investment of 350 million yuan. Completion is expected in 2022 with annual output value of 1 billion yuan.
Modec's Production Systems Singapore unit placed a purchase order with PetrolValves for 35 severe service control valves, sized 2 to 12 inches, for Equinor's Bacalahu FPSO project offshore Brazil. The valves are rated for pressures up to 500 bar.
Blackmer plans to demolish a dormant foundry building and construct 55,000 sq ft of manufacturing space at its Grand Rapids site, with a total project investment of about $7.4 million and 54 new full-time jobs. The company is seeking a tax exemption that the city commission will consider April 27.
Allied Valve, Inc. acquired Edgen Murray Corporation's Valve Services Business, a pipeline service provider headquartered in Norwich, Ohio, specializing in line valve repair, to strengthen its pipeline repair services in the Midwest and Northeast US.
Framo, an Alfa Laval company, will supply suction anchor pumping systems to Saipem for foundations of the Seagreen offshore wind farm off Scotland, its second order of this type for wind foundations.
PetrolValves Group and Sirio Solutions Engineering announced a partnership to offer integrated valve, control and protection solutions for compressor trains and HIPPS systems in oil and gas, petrochemical and power plants. The aim is to reduce operating costs for customers.
ERIKS has won a major contract from Babcock International to supply electrically actuated valves and ancillary equipment for the Type 31 frigate programme in the UK, one of the largest single contracts ERIKS has received in the UK.
American Industrial Partners has signed an agreement to acquire a majority interest in Ingersoll Rand's High Pressure Solutions segment, a maker of high-pressure pumps, for approximately $300 million. Ingersoll Rand will keep a 45% equity stake and closing is expected in the first half of 2021.
Schroeder Valves has delivered the first of 36 Schroeder High Pressure Valves for the pump protection systems of a large gas-fired combined-cycle power plant complex under construction in Egypt. The report is dated 2021-04-02.
FITT Resources has been awarded a new major contract by Sydney Water to supply, repair and overhaul submersible, centrifugal and positive displacement pumping units under the P4S delivery model. The award was reported on 2021-04-01.
Japan's Ebara Corp has closed its acquisition of Turkey's Cigli Su Teknolojileri AS and its subsidiaries Vansan Makina Sanayi ve Ticaret AS and Vansan Makina Montaj ve Pazarlama AS. The completion was reported on 2021-04-01.
IDEX Corp entered a definitive agreement to acquire Airtech Group Inc and US Valve Corp and related entities from funds managed by EagleTree Capital for $470 million in cash. The deal was reported on 1 April 2021.
Private equity firm Fidelium Partners agreed to acquire the steering and transmission pump business of Robert Bosch Automotive Steering. Financial terms were not disclosed. The deal was announced on 31 March 2021.
Amarinth completed an order to overhaul and fit new mechanical seals to ten API 610 VS4 pumps for ADNOC's upgraded Bab onshore field, working with EPC contractor Archirodon. The work was completed within a 27-week fast-track schedule.
Modec ordered 35 control valves (API 10K and 15K, 2 to 12 inches) from PetrolValves for Equinor's Bacalahu FPSO project in Brazil, reported March 29, 2021. The valves have pressure drops up to 500 bar.
DXP Enterprises completed its acquisition of Total Equipment Company (TEC), a distributor of aftermarket and service capabilities, announced March 29, 2021. Financial terms were not disclosed.
Sulzer Pumps Finland signed a contract with Metsä Fibre to supply several hundred process pumps and mixers from its Kotka plant for the bioproduct mill under construction in Kemi, Finland. The contract value was not disclosed.
Edwards will invest in a new building in Haverhill, Massachusetts, expected to be completed in Q2 2022, to host an innovation and solutions center for its cryogenic pump and chiller product company, relocating functions from Chelmsford.
Norwegian pump specialist Lakers AS has acquired Pump Supplies Ltd, the UK's largest electric submersible pump hire fleet operator and leading Flygt distributor, for an undisclosed sum, expanding Lakers into the UK market.
Czech valve maker Arako, part of Atomenergomash, supplied a newly designed pickling and blow-out device for the 859 MW Mattawoman combined-cycle gas plant via Siemens Energy. The plant is being built by Panda Power Funds in Brandywine, Maryland.
Hillenbrand completed the sale of Abel Pumps, L.P. and affiliates to IDEX Corporation, generating cash proceeds of about $103.5 million. The agreement was originally announced on January 11, 2021.
Trillium Flow Technologies, a First Reserve portfolio company, has acquired Red Point Alloys BV, a Dutch maker of exotic material isolation valves. The deal value was not disclosed.
McWane Plant & Industrial has acquired the Tri-Seal Valve product line, including the Quarter-Flex industrial butterfly valves. The deal value was not disclosed.
AMPO POYAM VALVES is supplying more than 2,550 engineered ball, butterfly, gate, globe and check valves for the Nong Fab LNG receiving terminal in Rayong province, Thailand, operated by PTT LNG; EPC work is led by SPCC, a Saipem and CTCI joint venture.
IDEX Corporation completed its acquisition of German piston and diaphragm pump maker ABEL GmbH, which has been part of IDEX since March 2021. ABEL will join IDEX's Fluid and Metering Technology segment.
Flowserve said it supplied pumps, valves and seals to Pfizer to support COVID-19 vaccine production, including replacing a mechanical mixer seal on a vaccine line at Pfizer's Kalamazoo, Michigan plant. The announcement was made on 1 March 2021.
CEME S.p.A. completed the takeover of 100% of ODE Group, including ODE srl, ACL srl and ODE-HK, with about 750 employees and over EUR 80 million turnover, creating a group of 1,650 employees.
Apex Pumps of Bristol completed a management buyout on February 26, 2021, when founder Nick Sole sold the business and assets of Apex Fluid Engineering and Precision Alloys to a team led by Andrew Simpson and Sam Kemp.
Victaulic recently purchased a 220,000 square foot Waupaca manufacturing plant in Lawrenceville, Pennsylvania, to add a manufacturing site. The announcement was dated February 25, 2021.
AVK Group has acquired a majority shareholding in Zagreb-based valve manufacturer OMV-INDOIL, which has sites in Croatia and Bosnia and Herzegovina, with founder Tomislav Matkovic remaining a minority shareholder.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
Ambienta has partnered with the founding Caprari family to create Wateralia, a platform for M&A consolidation in centrifugal pumps and motors for the water cycle, with Caprari's 75-year track record as its base.
Hamworthy Pumps will supply pump solutions for five Type 31 frigates built by Babcock International, with deliveries through 2028. The contract includes a total of 235 pumps over five years.
Shanghai Valve Factory received special financial support from the Shanghai municipal and Baoshan district governments after passing a Shanghai Science and Technology Little Giant project review. The fund amount was not disclosed in the article.