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ABB has agreed a recommended all-cash offer of 503 pence per share for all of Rotork plc, implying an enterprise value of about $5.5 billion. The deal is expected to add about 3% to ABB's revenues and expand its automation offering.
Swedish industrial group Dacke Industri has acquired Rotork Midland Ltd, renamed Midland Flow Ltd, and Italian business Rotork Instruments from Rotork Plc. Midland Flow makes solenoid valves, actuators and control systems, with about 44 employees and turnover of about £7.5 million.
Rotork plc agreed to acquire Noah Actuation, a Seoul-based South Korean electric actuator manufacturer, for an enterprise value of £44 million. The deal is expected to close in the coming days.
UK Research and Innovation awarded Rotork UK Ltd a competitive contract for electric valve actuators for STFC RAL in Oxfordshire, with a stated value of 36,717.4 (currency not specified), work running from July to September 2024.
Rotork has acquired Hanbay, a Montreal, Canada-based designer of flow control solutions. The acquisition is reported in an industry news roundup dated August 17, 2023.
Reach Integrated Sdn Bhd won a contract from SEA Hibiscus to supply, test, deliver, install and commission 10 motor operated valves with Rotork actuators and MIR Valve ball valves for the SF30 Water Flood Phase 2 project in the North Sabah PSC offshore oil field.
Over 80 Rotork pneumatic actuators have been installed on well pads in Northern Alberta for an in situ steam-assisted gravity drainage oil sands project using a new zero-base design.
Rotork won an order for nearly 100 CK modular electric actuators to control penstocks at wastewater treatment plants for the Ergene Basin Deep Marine Discharge Project, linking Tekirdag and Istanbul to the Marmara Sea.
Rotork won a contract to supply 400 IQ3 electric multi-turn actuators for the third phase of Shenzhen Energy Environmental Company's energy-from-waste plant in China. The plant is set to become the world's largest by feedstock, at three million tonnes a year. Financial terms were not disclosed.
Rotork is expanding its Mile Crossing Blvd. facility in the Town of Gates, Monroe County, New York, adding 52,000 square feet and up to 56 new jobs over five years in a $10 million project supported by up to $550,000 in state incentives. Completion is expected in summer 2020.
Neway Valve (Suzhou) ordered more than 570 Rotork IQ3 multi-turn actuators for gate and ball valves at the Pengerang Deepwater Petroleum Terminal operated by Pengerang Terminals (Two) in Johor, Malaysia. The order was announced in July 2019.
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.
Rotork received major contracts to supply electric and pneumatic valve actuators and gearboxes, including about 2,000 explosionproof units, to Hengli Petrochemical (Dalian) Refinery for its Changxing Island complex in Dalian.
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 in Dalian, China. The latest order includes about 2,000 explosionproof electric actuators.
Rotork received major contracts to supply electric and pneumatic valve actuators and gearboxes for the new Hengli Petrochemical refinery and petrochemicals complex on Changxing Island in Dalian. The order includes about 2,000 explosion proof electric actuators.
Irish Water installed Rotork actuators as part of a modernization program at the Kilkit Water Treatment Plant in Ireland. The contract value was not disclosed.
Rotork was selected by Iraq's State Company of Oil Projects (SCOP) to supply large quantities of IQ3 electric valve actuators, including SIL2 emergency shutdown functions, for the Karbala Refinery.
Rotork is supplying several hundred pneumatic actuators, including 9-tonne GP-350 spring-return units, plus control panels for the Freeport LNG liquefaction project in Texas. The project is a joint venture of CB&I, Zachry Group and Chiyoda International.
Rotork received an order for 1,300 actuators for tunnel ventilation on Singapore's Thomson MRT line after a successful fire test, announced October 12, 2017.
Rotork, a global actuator and flow control manufacturer, has secured a major order for 1,300 of its RC200 actuators. The article is dated October 2017 and gives no customer or site.
Rotork received an order from Hyundai Heavy Industries for 220 pneumatic actuators for the NASR Phase II full field development in the UAE, which aims to raise output capacity to 65,000 bpd. The largest GP350 actuator built to date was engineered for the project.
Rotork received orders for fluid power valve actuators, including 70 LP linear actuators and over 200 GP and CP actuators, for a new 400,000 barrel-per-day refinery under construction in the Middle East.
Rotork received an order for 70 LP linear pneumatic actuators and over 200 GP and CP pneumatic actuators for a new grassroots refinery under construction in the Middle East, with capacity up to 400,000 barrels a day, plus desalination and wastewater plants.
Rotork's fluid power valve actuators have been ordered for multiple applications at a new grassroots refinery under construction in the Middle East.
Rotork has received orders for fluid power valve actuators for a new grassroots refinery under construction in the Middle East with a capacity of up to 400,000 barrels a day.
Rotork's Calgary facility fitted IQ3 electric actuators to fifteen gate valves for Suncor's Fort Hills oil sands mine in Alberta, and shipped them. Over 1,000 pneumatic actuators were also supplied from Italy and South Korea under the wider relationship.
Rotork shipped fifteen IQ3 electric actuators from its Calgary facility to Suncor's Fort Hills oil sands mine in Alberta, with over 1,000 pneumatic actuators also supplied from Italy and South Korea.
Rotork won an actuation contract for application on a Floating Production, Storage and Offloading vessel (FPSO). No customer or location is named.
