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.
Alfa Laval is modernizing its heat exchanger plant in Korolyov, Russia, upgrading 70% of production to produce a new generation of more energy-efficient heat exchangers. The first new product was released in December 2018, and the two-year modernization cycle is expected to be completed by 2020.
The US Defense Logistics Agency awarded Transdigm a contract for linear direct valves valued at $689,700, dated February 21, 2019.
Zhengmao Valve Co. has completed and commissioned its new 15,000 sq m factory in the Tangtou industrial zone of Oubei town, Wenzhou, a 50 million yuan investment for a special industrial valve production line.
Hayward Tyler, owned by Avingtrans, secured a contract worth over £10 million from Sweden's Vattenfall to supply critical parts and components for the reactor internal pumps at the Forsmark nuclear reactors. Delivery is scheduled for 2020 to 2022.
Kawasaki Heavy Industries plans to start a new hydraulic equipment plant, Suzhou No. 4, in China around summer 2020. It will take over production of hydraulic components for China from its Nishi-Kobe mother plant in Japan.
Kawasaki Heavy Industries opened a new plant in Bangalore to make pumps and motors for 7-36 tonne construction machinery, doubling its Indian hydraulic capacity to 20,000 units a year. The investment is about 800 million yen and production starts in April 2019.
Industrial Flow Solutions, a portfolio company of May River Capital, acquired Stancor LP of Monroe, Connecticut and BJM Pumps of Old Saybrook, Connecticut, in a merger with the sellers Longview Asset Management and Knox Capital. No financial terms were disclosed.
Zwick Armaturen GmbH increased its capacity by adding 2,500 square meters to its approximately 20,000 square meter headquarters and main production site in Ennepetal, Germany.
Norwegian shipyard VARD contracted PG Flow Solutions to supply the engine room pump system for the Yara Birkeland, the world's first autonomous and electric container vessel. The pump systems are anticipated for delivery in April 2019.
The Australian Department of Defence awarded Pall Australia a contract to supply valve safety relief equipment, with a value of about $20,284, awarded on 12 February 2019.
Fives has been selected by a major Chinese air separation equipment maker to supply nine Cryomec LABS cryogenic pumps, including engineering, manufacture and on-site installation, for projects in Fujian and Inner Mongolia.
VARD contracted PG Flow Solutions to supply the engine room pump system for the autonomous electric container vessel Yara Birkeland, with deliveries scheduled for April 2019. The contract value is undisclosed.
Axios-Jet has completed the first stage of a production line in Krasnoslobodsk making seals and components for shut-off valves, invesing 50 million rubles of a 150 million ruble project. The report is dated 7 February 2019.
On Feb. 5, 2019, Trelleborg, through its Trelleborg Industrial Solutions business area, assumed full ownership of the joint venture with Max Seal, acquiring the remaining 49% of shares. The facility in Tijuana, Mexico produces watertight seals.
Aliaxis signed an agreement to divest pump maker Rheinhütte Pumpen to ITT Inc. for a cash consideration of about €80.5 million. The deal is expected to close in the second quarter of 2019, subject to regulatory approvals.
Ampo Poyam Valves supplied large high-pressure service valves for four offshore platforms in Saudi Aramco's Safaniya oil field in the Persian Gulf, under a contract awarded by NPCC.
Zahroof Valves moved its reciprocating compressor valve operations into a new Houston, Texas facility with more than three times the office and production space.
A partnership of Mitsubishi Heavy Industries and Weir Engineering Services was awarded a contract by Nuclear New Build to design, manufacture and test 34 pumps of five models for Hinkley Point C in Somerset, UK.
SAHARA Middle East Petroleum Services signed a technology partnership with Egyptian Valves Company to transfer valve and wellhead repair know-how to the Iraqi market for oil and gas and power customers. Scope and facilities were not yet disclosed.
French sanitary manufacturer SFA acquired Zehnder Pumpen GmbH of Grünhain, Saxony, which will become a wholly-owned subsidiary and keep its own brand. Dentons advised SFA on the deal, which was reported on 29 January 2019.
Liebherr introduced the redeveloped 42 M5 XXT truck mounted concrete pump with the new Powerbloc drive unit at Bauma 2019. The pump is available worldwide and features a unique integrated hydraulic system.
Weir supplied four 36-inch (900mm) control valves for the Saudi Aramco Ras Tanura Re-Route Pipeline in Saudi Arabia, linking the Juyamah Thermal Tank Farm. The valves were assembled at Weir's Elland facility and passed hydro testing.
EKKI group and German pump company Homa group signed an MoU for a joint venture to set up a pump manufacturing facility in Coimbatore, with Homa holding 50 percent. Homa plans to invest nearly Rs 150 crore, and the factory would create about 100 jobs.
Japanese pump maker Torishima Pump moved into a former ClydeUnion Pumps facility in Fort Custer Industrial Park, Battle Creek, Michigan, investing $1.5 million and creating 11 jobs.
VBG Intech has been awarded the control valve packages for general and severe service applications for ADNOC Onshore's Bab Integrated Facilities Project in Abu Dhabi. The project aims to raise Bab field production capacity from 420,000 to 450,000 barrels of oil per day by 2020.
Hydra-Tech Pumps, which builds hydraulically driven submersible pumps in Nesquehoning, Pennsylvania, plans a 10,000-square-foot addition to its 17,000-square-foot manufacturing space in the spring of 2019 and expects to add employees.
LOT Vacuum signed a single supply contract worth 4.35 billion won with Samsung Electronics for dry vacuum pumps used in semiconductor processes, signed on January 17, 2019 and disclosed January 18, 2019.
Avingtrans subsidiary Hayward Tyler formally opened a new 3,250 m2 factory in Kunshan, Jiangsu Province, China, to manufacture performance-critical pumps and expand service. The announcement is dated 16 January 2019.
ATV was awarded by Saipem the supply of all subsea valves for the Atoll Phase II project, according to Obelisk Petroleum Services, announced January 12, 2019.
Danfoss announced it acquired a majority stake in Artemis Intelligent Power, an Edinburgh-based R&D firm specializing in hydraulic systems, gaining its Digital Displacement technology and establishing Edinburgh as a centre of excellence.
CDS Energy Services has won a six-figure contract to supply pipework, valves, instruments, civils and structural steelwork for Shell UK Oil Products at Shell Haven on the Thames. Up to 10 jobs will be created at CDS's fabrication facility and 20 construction jobs.
Applied Industrial Technologies agreed to acquire FCX Performance, a Columbus, Ohio distributor of specialty flow control products, for about $768 million, expected to close within 30 days. The deal is financed with a new credit facility.
Alfa Laval won two orders worth about SEK180 million to supply Framo pumping systems to an oil facility in the Middle East and an FPSO vessel being built in China. Deliveries are scheduled for 2019.
The US Naval Surface Warfare Center, Philadelphia Division awarded Coffin Turbo Pump of Englewood, New Jersey an indefinite-delivery contract worth $15,523,669 for up to 33 steam turbine-driven main feed pumps for LHD-1 class main propulsion boilers, with completion expected by January 2024.
Termomeccanica (TMP) was awarded a contract of about EUR 10 million at the end of 2016 to supply 16 API 610 sea water pumps for the Al-Zour LNG regasification plant in Kuwait, as technology partner to EPC contractor HEC.
Spirax-Sarco signed an agreement to buy Thermocoax Developpement from Chequers Capital and TCR Capital for $179 million. The deal was reported in a 2019 review of valve sector M&A.
Weir agreed to sell its Flow Control division to private equity firm First Reserve for an enterprise value of GBP 275 million in Q1 2019.
Private equity firm May River Capital, with Longview Asset Management and Knox Capital Holdings, merged Stancor LP with BJM Pumps LLC in Q1 2019.
Franklin Electric added Milan Supply Co, a Michigan-based groundwater distributor, to its Headwater business in a US$5.9 million deal in Q1 2019.
AxFlow Group's Brown Brothers Engineers/Kelair Pumps acquired GT Water Technologies, a family-owned maker of fire water tanks in the Melbourne area, in Q1 2019.
United Rentals announced on February 15, 2019 its acquisition of the rental division of Thompson Pump. MWI Pumps' CEO commented on the deal, which involves specialty pump rental locations and their employees.
Knoll Maschinenbau is selling its eccentric screw pump (MX) business, which it has run for about 15 years, to Pumpenfabrik Wangen effective 1 April 2019. Knoll will focus on its core metalworking chip and coolant management business.
Atlas Copco acquired Industrie Pumpen Vertriebs GmbH (IPV), a Dresden-based distributor of industrial pumps for the Varisco brand with about 20 employees and revenues of roughly EUR 5 million in 2017. The purchase price was not disclosed.
Key valves for large-diameter natural gas pressure regulating devices and compressor anti-surge valves passed a national new product appraisal in Tianjin, filling a domestic gap for pipeline projects in China and Russia.