BERWYN, Pa. and MIDDLEFIELD, Conn. (April 11, 2014) – AMETEK, Inc and Zygo Corporation announced that they have entered into a definitive merger agreement under which AMETEK will acquire all the outstanding shares of common stock of Zygo at a purchase price of $19.25 per share in cash, which represents a premium of 31 percent to Zygo's closing share price on April 10, 2014.
NEWS
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IRVING, Texas (April 11, 2014) – Flowserve Corporation announced that it received multiple orders for key pumping systems for the Lichterfelde Cogeneration Power Plant. The orders were booked in the first quarter of 2014.The new 300 MW Lichterfelde facility, which replaces an old coal plant, uses natural gas as a fuel and uses the otherwise wasted heat energy for district heating.
PORT ORANGE, Fla. (April 10, 2014) – Thompson Pump and Manufacturing Company, Inc. recognized James Copeland as their 2013 Branch Manager of the Year.
LONDON (April 10, 2014) – Manufacturers of building automation systems (BAS) across Europe are taking their solutions to the next level by using supporting infrastructures such as wireless control devices, cloud services, building analytics software, smart grids and vertical farming systems. Among these supporting infrastructures, building analytics, the cloud and smart grids are likely to play the most important role in strengthening the BAS market over the next four years.
DENVER (April 10, 2014) – CH2M HILL a global consulting, design, construction and operations firm, announced that Lisa Glatch has joined the firm as Chief Strategic Development Officer.
BLACKBURN, England (April 10, 2014) – Precision Polymer Engineering (PPE) is to invest in the construction of a new manufacturing facility in Brenham, Texas.
A groundbreaking ceremony took place on Wednesday, April 2, marking the start of construction on the new 30,000 square-foot facility, which will be running by October 2014. The new factory will specialize in the manufacture of custom O-rings and other critical elastomer sealing components.
PARSIPPANY, N.J. (April 8, 2014) – The Hydraulic Institute (HI) has entered a training partner agreement with ABB and Baldor Electric Company, a member of the ABB Group.
SENECA FALLS, N.Y. (April 8, 2014) – ITT Corporation’s Goulds Pumps, PRO Services and Bornemann brands observed the third-annual Pump Appreciation Day on Tuesday, April 8, 2014. It is a global event held the second Tuesday of April to raise awareness of the value of pumps and honor the people and organizations that design, apply, install and service them.
BIRMINGHAM, Ala. (April 7, 2014) – Pumps & Systems, the leading magazine for pump users worldwide, is proud to announce the “Measure Reliability” webinar, a presentation made in partnership with WIKA Instrument, LP, a global manufacturer of pressure and temperature measurement instrumentation.
JAZAN, Saudi Arabia (April 8, 2014) – Siemens will supply the key components for a major combined-cycle power plant in the Kingdom of Saudi Arabia. The power station is designed to deliver electricity to the Jazan Industrial city area in the southwest of the country and to the refinery of Jazan, which will additionally be supplied with process steam. The plant will be fueled with gasified refinery residues, which contributes greatly to the preservation of the country’s energy resources.