DAVIDSON, N.C. -- Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, today confirmed that on June 10, 2021, it made an all-cash non-binding proposal to the Board of Directors of SPX Flow, Inc. to acquire SPX Flow for $85 per share. The proposal represents a 37% premium over last Friday’s closing price and a premium of approximately 20% over SPX Flow’s all-time high closing price.
NEWS
Here you will find the latest news and information from the pumps industry. To keep up with the goings-on, don’t miss a thing by subscribing to our Pump Users Digest and Pump Industry Insider newsletters, as well as our all-product edition, Products for Pump Users.
BATHURST, New Brunswick - Rogers Electric and Machine announced the acquisition of BJ Electric Motor & Control of Nova Scotia, per a LinkedIn post from president Todd Morrison.
BJ Electric has more than 25 years of experience in the electric motor and field service business. The Rogers Electric family added the Dartmouth and Stewiacke employees to its team.
ST. LOUIS – Emerson announced an agreement to sell its Daniel Measurement and Control Business to Turnspire Capital Partners. Daniel’s ultrasonic flowmeter and fiscal transfer system businesses are not included in the transaction.
ST. LOUIS, Mo. - The Electrical Apparatus Service Association (EASA) announced new international officers for the 2021-2022 administrative year. As of June 29, 2021, the new officers are:
-
Chairman of the Board: Tim Bieber of D-Electric, Inc. in Quakertown, Pennsylvania
-
Vice-Chairman: Sid Seymour of Seymour-Smith Electric Motor & Pump Service in Burlington, Ontario, Canada
SWORDS, Ireland - Trane Technologies announced that Dave Regnery, former president and chief operating officer, took over as chief executive officer (CEO) and joined the board of directors. He succeeded Mike Lamach, who will serve as executive chair of the Board until his planned retirement from the company sometime in the first half of 2022. These changes were effective July 1, 2021.
CHARLOTTE, N.C. - Celeros Flow Technology, a provider to the world’s critical flow systems, has appointed Tommy Kassem as its new chief commercial officer, effective July 1, 2021.
CHICAGO - Middle-market investment bank Jordan Knauff & Company (JKC) announced that David A. Kakareka has been named a managing director of the firm. Throughout his tenure with JKC, Kakareka has demonstrated a passion for his work, a commitment to mentoring his colleagues and a drive to deliver successful outcomes for clients.
GERMANTOWN, Wis. - WAGO has hired Danny Woodlief as their new Electrical Contractor and Wholesale Specialist for the Eastern US. He received his bachelor’s degree in Aviation Management from Southeastern Flight School and holds diplomas in Industrial Distribution, Engineering Technology, Marketing and Voltaic Energy.
VANTAA, Finland - Valmet Oyj (Valmet) and Neles Corporation (Neles) announced that their respective Boards of Directors have today signed a combination agreement (the Combination Agreement) and a merger plan to combine the two companies through a merger (the Combined Company).
Transaction highlights
(July 2, 2021) – Pep Guardiola, along with his brother Pere, both representing their newly-established Guardiola Sala Foundation, have teamed up with global nonprofit, EarthEcho International and global water technology company, Xylem Inc. to encourage students to realize a more sustainable future for Spain’s water resources.