AxFlow Germany is acquiring Pumpen Karrer, a family-owned pump repair and maintenance firm in Germany's Allgau region, which will become its regional service base and take over the KSB service agreement.
Gusar valve plant in Gus-Khrustalny, Vladimir region, is launching a new foundry to start serial production of pipeline valves for Russia's fuel and energy sector in late February 2018. The investment is about 1.7 billion rubles, capacity 7-8 thousand tonnes of steel per year, and 400 jobs will be created.
EnerMech has acquired the UK trade and assets of the valves division of Denholm Oilfield Services, known as Denholm Valvecare, for an undisclosed sum. The UK valves business is expected to generate about £7 million revenue this year and about 25 staff transfer to EnerMech.
LOT Vacuum signed a single supply contract worth KRW 3.81 billion with SK Hynix for dry vacuum pumps used in semiconductor processes, with delivery in South Korea. The contract was signed on February 2, 2018 and disclosed on February 5.
Emerson has launched a new manufacturing facility in Jubail, Saudi Arabia, producing solenoid valves, filter regulators and control cabinets. The plant aims to serve customers across the Middle East and Africa.
MPOWER was awarded a public tender in 2016 to supply high-pressure forged gate and globe valves to Azerbaijan state oil company SOCAR Azerikimiya, valued at EUR 85,000.
Germany's Homa Pumpenfabrik GmbH and India's EKKI Pumps signed an agreement to set up a wastewater-focused joint venture pump company in India to serve domestic and neighbouring markets.
AxFlow Germany, part of Axel Johnson International's Fluid Handling Solutions group, acquired family-owned pump repair and maintenance company Pumpen Karrer, creating a regional base in the Allgau region west of Munich. The announcement was made on February 1, 2018.
LOT Vacuum signed a single supply contract worth 4.93 billion won with Samsung Electronics for dry vacuum pumps used in semiconductor processes, delivered to Pyeongtaek, Gyeonggi. The contract was signed on January 31, 2018.
Rheinmetall subsidiary Pierburg won an order from Karma Automotive to supply CWA coolant pumps for the Revero plug-in hybrid, built from its Hartha, Saxony plant, with a contract value in the low six-digit euro range.
KSB Pumps secured orders worth Rs 413 crore from Nuclear Power Corporation of India to supply primary coolant pumps and electric motors with auxiliaries for the Gorakhpur Haryana Anu Vidyut Pariyojana I and II project. Deliveries are phased over 2022 and 2023.
Herz, part of the Austrian Herz group, has started building a new production facility at Šmartno pri Litiji, Slovenia, where it makes valves and fittings. The EUR 4 million investment will create 100 jobs and raise production capacity by 50 percent.
Herz is constructing a 5,000 m2 production plant in Šmartno pri Litiji for ball valves and taps. The EUR 4 million investment is expected to create up to 100 jobs.
Houston-based AIV LP, a global wholesale valve and actuator distributor, has acquired Pittsburgh-based Zenith Supply, a master distributor of Velan valves that holds about $25 million in inventory. Zenith will keep operating under its own name and facilities.
Tricel Group, headquartered in Kerry, Ireland, has acquired Action Pumps Ltd, extending its operations and market share within the UK water industry. The announcement is dated January 18, 2018.
Ampo Poyam Valves is supplying more than 2,000 engineered gate, globe and check valves to Tecnimont for EuroChem's Kingisepp ammonia plant in Russia. The plant has a design capacity of 2,700 tonnes per day and is due for commissioning in 2018.
Voith Hydro Shanghai signed a contract with Henan Tianchi Pumped Storage to supply four 300 MW Francis reversible pump turbines and generators for a 1,200 MW plant in Henan Province, China. The contract was signed in December 2017 and is scheduled for completion by December 2020.
Victaulic is planning a 400,000-square-foot expansion of its manufacturing complex in Easton, Pennsylvania, beginning later in 2018, with operations to start in 2019, to meet growing domestic demand for mechanical piping systems.
Lubbock, Texas-based Simmons Pump and Simflo Pumps have merged into a privately held company operating as SIMFLO, headquartered in Lubbock with offices in Willcox, Arizona and Garden City, Kansas. All 120 employees were retained.
NIBCO, the Elkhart, Indiana valve and fittings maker, is midway through a $100 million capital investment in its facilities over four years, including expansions at four plants totaling 350,000 square feet.
Current Water Technologies Inc. closed its acquisition of 100% of Pumptronics Incorporated, paying $700,000 cash, a $100,000 deposit credit, a $400,000 promissory note and 12 million shares.
Applied Industrial Technologies agreed to acquire FCX Performance, a Columbus, Ohio distributor of valves, instruments, pumps and lifecycle services, for about $768 million, with closing expected within 30 days.
LOT Vacuum signed a single supply contract with Samsung Electronics worth KRW 9,738,336,002 for plasma pretreatment systems and dry vacuum pumps for semiconductor processes, to be supplied in Pyeongtaek, Gyeonggi Province.
Samson Ringo supplied more than 20 pneumatic cage-guided globe control valves for the Yamal LNG plant, which has obtained a commissioning license for its first LNG train.
Lewa GmbH received a follow-up order for 20 pumps, eight LGB2 Boxer and 12 LDH5 pumps, to expand a Saudi Arabian gas plant by 56 million cubic metres per day. The project is due for completion in 2019.
PumpMan Holdings, a Soundcore Capital Partners portfolio company, completed the acquisition of the assets of Brooklyn-based Federal Pump, which manufactures pump systems and provides service and repair in New York City.
Düchting Pumpen Maschinenfabrik GmbH & Co. KG acquired Habermann Mineral Systems (HMS) on January 1, 2018. HMS is a specialist in suction dredgers and solids pumps for the sand and gravel industry, also based in Witten.
ABB agreed to acquire British flow-control specialist Rotork in a recommended cash takeover with an enterprise value of about $5.5 billion. The deal values Rotork's share capital at approximately £4.1 billion and requires shareholder, court, and regulatory approval.
Italian Annovi Reverberi group acquired 95% of US agricultural and off-highway pump maker Ace Pump, with the remaining 5% held by its former president and new CEO Andy Randle. The deal was reported in 2018.
KSB acquired US pump service and sales company Dubric Industries, based in Comstock Park, Michigan, expanding its service network in the US Midwest. The deal was reported in 2018.
Smith Group agreed to sell the bearings business of mechanical seal maker John Crane to Austrian company Miba AG for US$35 million. The divestment was reported in 2018.
Simmons Pump LLC of Lubbock, Texas acquired Simflo Pumps Inc. of Willcox, Arizona, and Simmons Pump of Garden City, Kansas, combining them under the new SIMFLO brand. The article gives only the year 2018 as the date.
Armstrong Fluid Technology completed the acquisition of the Circulator Pump business unit of Halm Motors + Systems GmbH in Germany. The article gives no deal value or date beyond the article date.
Circor acquired Colfax Fluid Handling, a pump business, as reported on 2018-01-01. The article gives no deal value or location.
Interpump Group signed a binding agreement to acquire the international subsidiaries and the manufacturing unit of Finland-based GS-Hydro, a piping systems maker, for EUR 9 million, with closings expected by end of February 2018.
German company Vogelsang will open a plant in São Leopoldo, Brazil, in the second half of 2018 for effluent pump parts, investing about R$3 million in construction plus R$1.5 million for land, and expanding production capacity of Beto Bombas.
AxFlow Holding, the fluid handling business group of Axel Johnson International, acquired Bahr Pump in Estonia, Pumptechnique in Latvia and Flow Technologies in Lithuania, closing on December 20, 2017. The deal gives AxFlow its first Baltic market presence.
SPX FLOW has been awarded a contract worth approximately $60 million to design and equip a greenfield dairy ingredients plant in Galicia, Spain. The plant will produce milk protein powders for infant formula and nutritional products, with operations expected to begin in early 2020.
Investindustrial agreed to acquire a 97% stake in CEME Group S.p.A., a manufacturer of pumps, valves and flow meters based near Milan, from Investcorp, with management keeping 3%. Closing is expected in the coming months subject to antitrust approvals.
Nu Flow Technologies announced its move to an expanded 38,000 square foot manufacturing facility in Ajax, Ontario, with 25% larger manufacturing capacity, including R&D lab, metal fabrication, painting and chemical formulation areas.
IMI Precision Engineering agreed to acquire Bimba, a maker of pneumatic, hydraulic and electric motion products with a US distributor network, for $198 million. Completion is expected in early 2018 subject to merger clearance and ESOP approval.
VanZandt Controls, an OFS Energy Fund portfolio company in Odessa, Texas, acquired the machining assets of Flatland Forge to machine valve packaging components in-house.
LOT Vacuum signed a contract worth KRW 3,855,475,000 with Samsung Electronics for plasma pretreatment systems and dry vacuum pumps used in semiconductor processing, running from 13 December 2017 to 28 February 2018.
Serviços Intermunicipalizados de Água e Saneamento dos Municípios de Oeiras e Amadora awarded Bombas Grundfos Portugal a direct-award contract worth EUR 29,588, signed on 2017-11-30 and published 2017-12-14.
HEROSE has started operating three new CNC lathes at its Bad Oldesloe site, two replacing outdated machines, to expand prefabrication capacity and reduce delivery bottlenecks.
HEROSE has acquired a majority shareholding of 51% in Australian valve manufacturer Mack Valves, which has plants in Melbourne and Pune, India.
Sofis will supply 4,500 valve interlocks, mainly for pressure safety valves and pig traps, to an EPC contractor delivering the first phase of a Kuwait Oil Company heavy oil development programme.
Sichuan Feiqiu Group signed an investment agreement with the Zigong High-tech Zone Management Committee to build a valve R&D, manufacturing, testing and sales base in the Banchang industrial park. The total planned investment is 320 million yuan, with the first phase at about 240 million yuan and a one-year construction period.
Advik Hi-Tech won six orders from Magna Powertrain to supply transmission oil pumps for passenger cars and SUVs, estimated to generate about Rs 350 crore (US$51 million) in sales over their lifetime, starting in 2018.
Flowserve signed a definitive agreement to acquire Trillium Flow Technologies' Valves Division, a provider of mission-critical valves for nuclear and power generation, for $490 million in cash. The deal is expected to close mid-year 2026.