PG Flow Solutions won a subcontract from MMC First Process to supply a large seawater circulation pump system for a wellboat being built by Fitjar Mekaniske Verksted for Hordalaks, with delivery in Q2 2019. Contract value was not disclosed.
Grundfos and Augury announced a partnership to create condition monitoring services for water systems, combining Augury's AI diagnostics with Grundfos' pump technology. The partnership was announced on September 30, 2018.
NIDEC GPM Hungary invested HUF 15 billion at its Bercel plant in Nógrád County, building a new logistics hall and expanding the assembly shop. The plant is set to produce 1 million oil pumps a year, with more production lines planned over 4-5 years.
A group of investors led by OGCI Climate Investments invested $5.5 million in valve maker Clarke Valve through a Series B Preferred Stock sale. The round brings Clarke's Series B total to $15.5 million.
Festo announced the acquisition of Fabco-Air, a Gainesville, Florida manufacturer of pneumatic automation components, which will continue to operate independently in Gainesville.
Bale Defence Industries Pty Ltd was awarded a contract by Australia's Department of Defence for the supply of reciprocating pumps, valued at about AUD 14,498, on 26 September 2018.
Schlumberger opened a plant in the Lipetsk special economic zone to produce components for electric submersible pumps used in the oil industry, with an investment of 3.8 billion rubles. About 20% of the plant's workforce will be robots.
Dover's Maag unit won a contract from Hainan Huasheng New Material Technology to supply pumps, pelletizing systems and screen changers for a new polycarbonate production facility in China. The facility is expected to produce 260 kilotons per annum of polycarbonate after completion in 2020.
Sichuan Nitrocell, a subsidiary of Norinco, won a USD 800,000 contract to supply desulfurization, circulating and slurry pumps to Bharat Heavy Electricals for the National Capital Power Station Dadri in Uttar Pradesh. Delivery will take 30 months.
Pfeiffer Vacuum Romania, a subsidiary of Germany's Pfeiffer Vacuum, completed a 13 million euro investment in a 4,500 sq m industrial pump production and repair plant in the Nervia park in Apahida, Cluj, adding 26 jobs.
Korean automotive supplier Hanon Systems agreed to acquire Magna International's global Fluid Pressure & Controls business for an enterprise value of about $1.23 billion, with completion expected in Q1 2019.
Swedish-based AxFlow agreed to buy the pump trading businesses of Mace Group, including Brown Brothers Engineers, Brown Brothers Engineers Australia and Kelair Pumps Australia, with the sale effective 1 October 2018.
Saddle Brook-based PumpMan acquired Scott's AZ Motor Electric Repair, a provider of mechanical component and motor control repair, to expand its pump service network in the Phoenix market. The owners will continue to lead the company.
The Australian Department of Defence awarded PROMET VALVES AUSTRALIA PTY LTD a contract for the supply of valve gates, valued at AUD 10,340, on 17 September 2018 in South Australia.
Legend Valve is completing a nearly $4 million expansion of its headquarters in Auburn Hills, Michigan.
Summa Equity has signed an agreement to acquire Lakers Holding AB, a Nordic group servicing pumps, pumping stations and electrical motors across Norway, Sweden and Denmark. Completion is subject to regulatory approval and expected in October 2018.
Zhongyan Anhui Hongsifang Co. announced the result of a tender for safety valves protecting imported compressors, with Beijing Aerospace Petrochemical Technology Equipment Engineering as the final supplier.
Hayward Tyler, a unit of Avingtrans, has secured a contract for submarine pumps in the UK. The article gives no contract value or further details.
Hayward Industries closed its acquisition of Paramount Leisure Industries, a pool equipment maker. Paramount will continue to operate as an autonomous business under its own name with the same management and staff.
PJ Valves was awarded a US$650,000 contract by an EPC contractor to supply more than 500 cryogenic and non-cryogenic valves for an LNG modernisation project in New Jersey, US. The valves will be made in India and Italy.
Wolseley Canada acquired Calgary-based James Electric Motor Services, a market leader in pump and motor sales and repair in Western Canada, with all 64 employees joining Wolseley. The deal was announced in September 2018.
Ebara Corp has merged its wholly-owned Brazilian subsidiaries Thebe Bombas Hidráulicas and Ebara Indústrias Mecânicas e Comércio into a new company, Ebara Bombas América do Sul. The restructuring was reported in September 2018.
The Australian Department of Defence awarded Trelleborg Engineered Products a contract valued at AUD 76,197 for the supply of valve balls and elbow assemblies, awarded on 31 August 2018.
Archer Limited has agreed to sell its AWC Frac Valves unit, based in Conroe, Texas, to a US private equity fund for USD 30 million on a debt- and cash-free basis. An earn-out of up to USD 5 million depends on 2018 results.
Sensata Technologies has completed the sale of its valves business to Japan's Pacific Industrial for a total enterprise value of about USD 175 million. The business makes engineered valves for automotive, aerospace, HVAC/R and heavy-duty vehicle customers.
Aker BP has signed a smart service contract with Cognite and Framo Services to digitalise its Ivar Aasen platform in the North Sea. The deal gives Framo live data from its pumps to predict performance and plan maintenance.
Mueller Industries opened a new 74,000-square-foot warehousing and distribution facility in Fulton, Mississippi, representing a $3.83 million investment and creating 60 new jobs.
Russian industrial group Metran, part of Emerson, has started production of ASCO solenoid valves series 327 and filter-regulators series 342 in Russia, its first ASCO production there. The products are rated for oil, gas, petrochemical and fertilizer industries.
Bucher Hydraulics acquired an 80% majority stake in Wuxi Deli Fluid Technology, a Chinese maker of hydraulic pumps and compact power units, to form a joint venture in Wuxi, Jiangsu Province, subject to Chinese approval. Wuxi Deli generated about US$40.45 million in revenue in 2017.
Rotork received major contracts to supply electric and pneumatic valve actuators and gearboxes to Hengli Petrochemical (Dalian) Refinery for its new refinery and petrochemicals complex at Changxing Island, Dalian. The latest order includes approximately 2000 explosionproof electric actuators.
Xylem Inc, a US-based water technology provider, announced plans to set up a second manufacturing plant in India to meet increased demand for water pumps. The location is yet to be decided, with an investment of US$40-50 million.
Atlas Copco has agreed to acquire the cryogenic business of Brooks Automation, including cryopump operations in Chelmsford, MA and Monterrey, Mexico, for a total value of USD 675 million. Completion is expected in Q1 2019, subject to regulatory approvals.
The Department of Defence in New South Wales awarded Penske Power Systems a contract worth AUD 20,782.08 for the supply of a safety relief valve, awarded on 24 August 2018.
Yokogawa TechInvent AS received orders for 59 FluidCom chemical injection metering valves for Equinor's Johan Sverdrup phase 2 and Johan Castberg offshore fields. The orders were placed through chemical injection package suppliers, with both projects scheduled to start in 2022.
Berendsen Fluid Power won a tender to become the preferred supplier of hydraulic and pneumatic valves to BlueScope Steel's Port Kembla steelworks and Springhill metal coating facility. The agreement was announced on 24 August 2018.
German pump maker Wilo opened its WILO Central Asia production complex near Almaty, Kazakhstan, on 23 August 2018. More than 4 million euros were invested, and the plant will employ 50 people and produce energy efficient pumps for Central Asia.
Samson Ringo has completed a contract to design, manufacture and supply 24 high-pressure pneumatic globe control valves for the heavy residue hydrocracking complex of Mozyr Refinery in Belarus.
Amarinth has won orders worth US$750,000 for API 610 OH2 pumps with Plan 53B support systems for the Coral South FLNG development in Mozambique's Area 4 operated by Eni.
Plaintree Systems Inc. signed an agreement to purchase all share capital of Spotton Corporation, a maker of custom hydraulic and pneumatic valves and cylinders in Arnprior, Ontario. The consideration is nominal, and Spotton owes Plaintree CAD 1.7 million.
German pump maker WILO SE launched a plant in the Ili district of the Almaty region, Kazakhstan, creating over 50 permanent jobs. The plant is planned to produce 570 units per year, with an official opening ceremony scheduled the following week.
Chinese household appliance pump maker Idear-Hanyu Electrical plans to buy 100% of Thai component maker Seil Controls from three South Korean shareholders for cash, according to a statement on August 15, 2018. Due diligence is to be completed within 45 days, with 80% of the price paid upon completion.
Pfingsten Partners acquired Quality Valve, Inc., a Mobile, Alabama distributor of OEM replacement parts for safety and relief valves, alongside founder Raymond McCaffrey III, who retained equity. The deal closed on July 27, 2018; no value was disclosed.
Velan's subsidiary Velan ABV will supply over 1,500 API 6D and API 6A valves to MODEC for the MV30 Carioca FPSO deployed at the Sépia field offshore Brazil, worth USD 18 million.
Shanggao Valve Group held a groundbreaking ceremony on August 12 for its Haining base, a 12,000-tonne-per-year control valve EPC project in the Shanghai Caohejing development zone, to be built over three years.
Through an IDC-funded initiative, valve makers Ainsworth Engineering and United Valve Company will be upgraded to Level 1 B-BBEE status under new ownership, with new machines to be bought over 12 months.
Samsung Engineering approached AMPO POYAM Valves to design and manufacture more than 4,000 gate and globe valves for PTT Global Chemical's olefins reconfiguration plant in Map Ta Phut, Rayong, Thailand. The plant is expected to start operations in early 2021, with an investment of 820 million.
Samson Ringo completed the supply of 24 pneumatic high-pressure globe control valves for the heavy residue hydrocracking complex of Mozyr Refinery in Belarus. The contract covered design, manufacturing and supply for severe service conditions.
Xi'an Pump & Valve Plant completed and delivered a large-diameter high-pressure valve to Shandong Union Chemical, with a largest caliber of DN800. The delivery was reported on August 9, 2018.
ONCAP announced it has acquired Precision Global, a Greenville, South Carolina manufacturer of dispensing solutions with 18 facilities. ONCAP IV invested approximately $111 million, terms otherwise undisclosed.
NIBCO plans to invest $14 million to update and expand its Stuarts Draft plant in Augusta County, Virginia, adding new equipment and 30 jobs.