(Feb. 1, 2012) - Adil Toubia (53) will become CEO of the Oil & Gas Division of Siemens Energy. He succeeds Tom Blades, who has been appointed as a member of the Managing Board of Linde AG. Adil Toubia brings three decades of experience in this branch of industry and was most recently a partner in Energy Capital Group, a private equity investment firm in the oil and gas industry. Prior to that, he held executive positions at GCC Energy Fund and Schlumberger.
NEWS
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PALMYRA, N.Y. (Jan. 20, 2012) - Garlock Sealing Technologies LLC has completed the third and final phase of its Brownfield Cleanup Program, for which it recently received a Certificate of Completion from the New York State Department of Environmental Conservation (NYSDEC).
The third phase of the program involved remediation at several areas of the site and removal of sediment from a small section of nearby Red Creek.
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An International Case Competition for Students
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MORTON GROVE, Ill. (Jan. 31, 2012) - Bell & Gossett has announced its training course schedule for the First Quarter of 2012. The free training seminars are offered at the Bell & Gossett Little Red Schoolhouse Education Center in Morton Grove, Ill., a suburb of Chicago, and are open to engineers, contractors and facility maintenance professionals.
(Feb. 1, 2012) - As a result of the cooperation between Vacon Plc and CEI (China National Electric Apparatus Institute Co), CEI has received the Golden Sun Certificate approved by the China National Quality Certification Center (CQC) for their 200 kW solar inverter on Dec. 15, 2011. This major milestone in the cooperation between CEI and Vacon will allow CEI to participate in the bidding for the Golden Sun solar program run by the Chinese government.
ABB and Thomas & Betts Corporation, a North American producer of low voltage products, announced that both companies’ boards of directors have agreed to a transaction in which ABB will acquire Thomas & Betts for $72 per share in cash or approximately $3.9 billion. The acquisition price represents a 24 percent premium to Thomas & Betts’ closing stock price on Jan. 27, 2012 and a 35 percent premium to the volume weighted average stock price over the past 60 trading days.
(Jan. 27, 2012) - Registration is now open for the 2012 SWPA Joint Training Seminar in Boston, April 4-5. This event is co-sponsored by Pumps & Systems magazine.