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MUNICH, Germany - Klaus Patzak (54), currently managing partner of the Siemens Portfolio Companies, has been appointed chief financial officer (CFO) of the new Siemens Gas and Power business (GP). In this role, Patzak will be responsible for building the Finance governance structures, steering the activities required for carving out and listing, and helping to shape the format of the future stand-alone Siemens energy business.

Sulzer acquired GTC Technology US, LLC, a technology company offering proprietary processes and systems for the production of aromatics and other petrochemicals, Sulzer announced May 2. This acquisition strengthens Sulzer Chemtech’s position in petrochemical processes and expands its revenue base to process licensing and associated proprietary equipment and chemicals, the company said. The enterprise value is $39 million.

DALLAS, Texas – Purvis Industries has acquired all the assets, brand rights, websites, and intellectual property of Foresight Automation, which is based in Fort Worth, TX. Foresight Automation is an independent systems integrator who has been in operation since 2000 and provides industrial control systems for discrete manufacturing through PLC and HMI designs, as well as for process automation, motion control, and SCADA.