ITT Inc has completed its acquisition of the Rheinhütte Pumpen Group, a German pump maker. The deal was previously reported in February 2019.
AxFlow AS has acquired all shares in Innva AS, a valve supplier based in Skui, Bærum, Norway, effective 29 April 2019. Innva will continue as an independent company with its own logo. The purchase price was not disclosed.
Ingersoll Rand agreed to merge its air compressor, pumps, and fluid and materials handling business with Gardner Denver, spinning off its industrial business. The climate solutions business will receive $1.9 billion in cash from the merger financing.
Ingersoll-Rand plc agreed to spin off its Industrial business and merge it with Gardner Denver Holdings in a cash-and-stock Reverse Morris Trust deal valued at about $15 billion, announced April 30, 2019.
MegaGroup Trade Holding B.V. acquired Anchor Pumps, a large UK pump specialist, which will help it grow in the UK and abroad. The announcement is listed on MegaGroup's news page dated 25 April 2019.
Evoguard GmbH, a Krones subsidiary, broke ground on an expansion of its Nittenau plant to add about 2,000 m2 of production hall and office space for pumps and valves. Completion is planned for October 2019.
HHV Pumps inaugurated a 52,000 sq ft vacuum pump manufacturing facility at T. Begur, Nelamangala Taluk, Bangalore, with an initial investment of Rs 10 crore and 65 employees.
Baker Hughes and joint venture DARVICO delivered severe service Masoneilan control valve packages for Saudi Aramco's Jazan IGCC power plant, the world's largest gasifier-based power plant at over 2,500 MW.
BHGE was selected as key supplier of Masoneilan control valves and Consolidated safety relief valves for Venture Global's LNG liquefaction facility in Louisiana. The order covers nearly 1,000 valves for the first phase of the 10 MTPY project.
SAMOA Industrial, headquartered in Gijón, Spain, acquired Italian manufacturer Larius Srl, which makes transfer pumps, paint spray equipment and extrusion systems. The deal was announced on 12 April 2019.
French plumbing manufacturer SFA Group, parent of Saniflo, acquired Zehnder Pumpen GmbH, a German pump maker based in Grünhain-Beierfeld, Saxony. The acquisition is effective from 1 January 2019 and Zehnder will remain a separate legal entity.
Shanghai Jindu Investment signed an investment agreement with Jiaxing Development Zone for Nidec Kaipu's BTS project, a China production base and Asia-Pacific R&D centre for automotive electric pumps on a 60-mu site. The total investment is $105 million, with projected annual sales of at least RMB 1.2 billion by 2025.
Italian pump maker Calpeda launched a new Innovation Centre at its headquarters in Montorso Vicentino to focus on product development, and released its first e-idos pumps with on-board control and monitoring. The move marks the company's 60th anniversary.
AMPO POYAM VALVES will supply 450 highly engineered sour service gate and check valves to EPC contractor Tekfen Insaat for Saudi Aramco's Satellite Gas Compression Pipeline project at Haradh and Hawiyah in Saudi Arabia.
Pietro Fiorentini completed the acquisition of a majority stake in TIV Valves Srl, a ball valve maker based in Rescaldina, Milan, on 5 April 2019; the company reports the first year after the deal as successful.
Xylem inaugurated a new dry test pit for large capacity pumps at its manufacturing plant in Emmaboda, Sweden, enabling testing of wastewater pumps up to 20,000 lbs.
Dover Corporation sold the entire share capital of Finder Pompe S.r.l., a pump maker based in Merate, Italy, to Gruppo Aturia S.p.A. Equity Factory advised Dover. The transaction totals $24 million.
Lewa Nikkiso Switzerland AG was awarded an order worth more than CHF5.5 million by CERN for 33 LDG drive units with remote pump heads for low-temperature diaphragm pump applications.
Danish pump specialist Svanehøj secured an order from Samsung Heavy Industries for 42 pumps for three very large ethane carriers, to be manufactured in Denmark and delivered in the first half of 2020.
A Mexican mining company commissioned German pump maker Abel GmbH to supply 14 hydraulic diaphragm pumps for transporting jarosite sludge in zinc production.
Elliott Group completed its merger with Ebara International Corporation, which makes cryogenic pumps and expanders, with its operations in Jeannette, Pennsylvania. The merged business became one of Elliott's four business units.
German pump maker KSB opened a new 5,000 square metre pump plant in the Indigo industrial park in New Moscow, Russia, with about RUB 750 million of foreign investment and 110 jobs planned.
HAWE Hydraulik SE signed a contract on March 26, 2019 to acquire HOERBIGER Automatisierungstechnik Holding GmbH, effective May 1, 2019. The division generated €64 million in sales in 2018 with about 320 employees.
IndianOil awarded a tender for ON/OFF valves for its Panipat-2G Ethanol project in Panipat, Haryana, to DelVal Flow Controls with a contract value of ₹40.65 lakh, with the contract dated 30 August 2022.
Fluid-power distributor Iowa Fluid Power plans a 45,000 sq ft expansion of its Blairs Ferry Road NE facility in Cedar Rapids, Iowa, valued at $5.7 million, with 12 new jobs and completion expected in August 2019.
Pengfei Group signed an order with Valmet to supply two wet pulp caustic rotary kilns for the MAPA 1.6 million tons per year pulp project of ARAUCO in Chile.
Hunt Valve Co, a Salem, Ohio valve maker backed by May River Capital, acquired Montreal Bronze Ltd of Terrebonne, Québec, a supplier of severe-duty bronze marine valves. No financial terms were disclosed.
Standard Industrial Manufacturing Partners, a Hicks Equity Partners portfolio company, has merged with DH Pump and Supply, a maker of replacement pump parts for the oil and gas industry, in Texas. Financial terms were not disclosed.
Ståthöga MA Teknik won an RFP and signed a three-year pump service and maintenance frame agreement with Stockholm Vatten och Avfall, with total estimated contract value of SEK 24 million.
Ståthöga MA Teknik signed an exclusivity agreement for Sweden with SPP Pumps, a European pump manufacturer, on 18 November 2019 to support customers with rotating equipment solutions.
The Weir Group is investing an additional $15 million in its Newton manufacturing facility in Mississippi as part of a total $50 million plan supporting 150 jobs at the plant.
The Australian Department of Defence awarded BEAK Engineering (Aust) Pty Ltd a contract to supply linear direct valves, valued at AUD 17,918.60 and awarded on 13 March 2019 in Victoria.
Amarinth received a USD 600,000 order through agent NAMA for eight vertical API 610 VS4 drain sump pumps for ADNOC's offshore Umm Shaif Super Complex in the UAE.
Vessco Inc., a water and wastewater treatment technology supplier and portfolio company of O2 Investment Partners, has made an investment in Dorner Products, a flow control equipment supplier in Wisconsin.
Smith Cameron Group acquired Westcan Industries and its sister company Indu-Tech, effective March 1, 2019, adding pump rebuild and repair and specialty valve manufacturing for Western Canada from a 45,000 sq ft facility in Langley, British Columbia.
Metso is establishing a new foundry in Vadodara, India, with a capacity of 20,000 tonnes, and is increasing mineral equipment capacity at its Metso Park in Alwar by 35%.
Metso acquired the Valve Automation division of Rotex Manufacturers and Engineers Private Limited by acquiring all shares of RMEBS Controls Pvt. Ltd. in India to strengthen its valve network.
Metso Corporation has reportedly invested more than USD 112.3 million in its engineering hubs and production in India, about USD 78.6 million of it for operations expansion in India, to meet global demand for industrial valves.
Czech firm MPower Engineering and PKF SpetsTekhKomplekt signed a memorandum to localize production of valves and pumps in Tatarstan, Russia, creating up to 70 jobs by 2020 with annual output of 2,000-3,000 valve units.
Emerson has acquired Advanced Engineering Valves, a Verviers, Belgium-based maker of ball valves for the LNG industry. Terms were not disclosed.
The Australian Department of Defence awarded EBSRAY Pumps Pty Ltd a contract worth $63,360 for the supply of disk valves in New South Wales, awarded 6 March 2019.
Flowserve has signed a definitive agreement to acquire the Valves Division of Trillium Flow Technologies, a supplier of valves for nuclear and traditional power generation, for $490 million in cash, with closing expected mid-2026.
Andronaco Industries is relocating its subsidiary Conley Composites from Tulsa, Oklahoma to a building at 4544 Broadmoor Ave. in Kentwood, Michigan, investing $3.3 million and creating 64 jobs. The Michigan Economic Development Corporation is supporting the project with a $320,000 grant.
Shell and Bray International signed a five-year Global Enterprise Framework Agreement naming Bray as a supplier of more than 2,500 pipeline products and related services, including butterfly valves.
Velan GmbH, the German sales subsidiary of Velan, finalized a valve contract worth more than US$20 million. The valves go to a Russian boiler maker supplying 660MW units for the Barh supercritical thermal power plant, whose end user is NTPC in India.
ARMATURY Group manufactured 67 ball valves, from DN 300 to DN 1400, for a 250 km gas pipeline run by NET4GAS from Hory Svaté Kateřiny to the Rozvadov border crossing. The contract was completed in March 2019.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, completed the acquisition of Madison-Smith Machine & Tool, a Kentucky-based plant maintenance, repair and precision machining provider, in December 2012.
Valmet agreed on February 26, 2019 to acquire North American GL&V, a global supplier of technologies, rebuilds and spare parts to the pulp and paper industry, for an enterprise value of about EUR 113 million on a cash and debt free basis. Completion is estimated at the earliest on April 1, 2019.
The Weir Group entered into an agreement to sell its Flow Control division.
First Reserve agreed to buy Weir Flow Control, a maker of engineered valves and pumps, from The Weir Group PLC in a £275 million deal. Closing is expected in the second quarter of 2019, subject to antitrust approvals.