KYOTO, Japan (Aug. 02, 2016)—Nidec Corporation announced that its Board of Directors has approved a resolution to acquire the motors, drives and electric power generation businesses of Emerson Electric Co. For this purpose, Nidec entered into an asset and stock purchase agreement on Aug. 2, 2016 (US time). The purchase price is $1.2 billion (on a cash and debt-free enterprise value basis) and the consideration will be all cash.
NEWS
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DUBLIN (August 2, 2016) – Research and Markets has released the "United States Membrane Market By Type (Microfiltration, Reverse Osmosis, Ultrafiltration and Others), By Application (Water and Wastewater Treatment, Haemodialysis, Pharmaceutical, Chemical, etc.), Competition Forecast and Opportunities, 2011-2021" report, which states that the U.S. membrane market is projected to grow at a compound annual growth rate (CAGR) of 8 percent from 2016-2021.
LOS ANGELES (July 26, 2016) – Thomas Wilson, PE, MBA, has joined Water Planet, a global supplier of high-performance membrane-based water treatment solutions, as senior vice president of business development.
Wilson brings to his new position more than 24 years of diverse and progressively responsible roles improving business performance, integrating acquisitions, driving sales and executing organization transformations.
BALTIMORE, Maryland (July 25, 2016)—Danfoss, a leading manufacturer of high-efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration, industrial and water systems, has appointed Santiago Martin as head of Danfoss Drives—Americas.
OCEANSIDE, Calif. (July 25, 2016)—Anue Water Technologies Inc., a leading manufacturer of high-efficiency ozone and oxygen generation systems in North America and Australia, announced the completion of its relocation to a new manufacturing facility in Oceanside.
The move consolidates all manufacturing under one roof, substantially accelerating the quality and delivery of new products to customers, according to the company.
HOUSTON (July 25, 2016) — SABIC and an affiliate of Exxon Mobil Corporation are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast.
If developed, the project would be located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units.
HOUSTON (July 21, 2016) – Hoover Container Solutions Chairman and CEO Donald Young has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term.
STOKE-ON-TRENT, UK (July 21, 2016) – Ham Baker Group has strengthened its Pumps and Renewables division by introducing two new area sales managers.
PARIS, France (July 20, 2016)—GE announced that Azeez Mohammed has been appointed president and CEO of GE Energy Connections’ Power Conversion business effective July 11, 2016.
SCHAFFHAUSEN, Switzerland, and HOUSTON, Texas (July 20, 2016)—Pentair Valves & Controls has introduced the Pentair University customer education program for past, present and prospective clients and industry leaders in various locations throughout the world.