BIRMINGHAM, Ala. – Motion Industries, Inc., has signed a definitive purchase agreement to acquire the operating assets of Canadian-based Stoney Creek Hydraulics. The transaction is expected to close at the end of October, subject to customary closing conditions. 

WASHINGTON, D.C. – The American Petroleum Institute (API) has announced the publication of Addendum 1 to API RP 2001, 10th Edition, “Fire Protection in Refineries.” This addendum strengthens existing fire safety measures by introducing new protocols for pre-planning and incident response in refineries. 

HELSINKI, Finland – Metso’s board of directors has appointed Sami Takaluoma (born 1973, M.Sc. (Eng.)) as Metso’s new president and CEO. He will assume his duties on November 1, 2024. Metso’s current President and CEO, Pekka Vauramo, will continue with the company as per his contract until the end of 2024, ensuring a smooth transition of responsibilities. Takaluoma has been with Metso since 1997 and has led Metso’s Services business area since 2021.

DALLAS – Flowserve Corporation has announced that it has completed the acquisition of MOGAS Industries. This transaction helps strengthen Flowserve’s presence in mission-critical severe service valves and associated aftermarket services.

WASHINGTON, DC – Xylem Inc., a leading global water solutions company, has named Meredith Emmerich senior vice president and president, Applied Water, effective October 21. Emmerich will join Xylem’s senior leadership team, reporting to President and Chief Executive Officer Matthew Pine.