GRAY, La. – Danos is announced that it has reached a tentative agreement to acquire the assets and business of Shamrock Energy Solutions, a privately held 22-year-old oilfield service company, based out of Houma, Louisiana. The deal is expected to be effective in March, 2019, and will increase the number of Danos employees by nearly 50 percent, from 2,200 to 3,200. The closing is subject to certain remaining contingencies.
BIRMINGHAM, Ala. - Motion Industries, Inc., a distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company (GPC), announced that it has entered into a definitive agreement to acquire Axis New England and Axis New York ("Axis"), an automation and robotics company based in Danvers, Massachusetts. Execution of the transaction will occur on March 1, 2019, subject to the satisfaction of customary closing conditions.
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SWORDS, Ireland -- Ingersoll-Rand plc announced it has made a binding offer to acquire Precision Flow Systems (PFS) from funds advised by BC Partners Advisors L.P. and The Carlyle Group for $1.45 billion.
PISCATAWAY, N.J. - John Malinowski, senior manager of industry affairs (retired from Baldor Electric Company), of Fort Smith, Arkansas, USA has been named an Institute of Electrical and Electronics Engineers (IEEE) Fellow. He is being recognized for contributions to motor efficiency manufacturing regulations and standards.
Malinowski is on the Pumps & Systems magazine editorial advisory board.
COLUMBUS, Ohio — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Filter and Coating Technology, Inc., an industrial distributor of finishing, dispense solutions, and filtration products with 21 associates in Grand Rapids, Michigan.
Modern Water has submitted an application for planning permission to build Gibraltar's first-ever wastewater treatment plant at an estimated cost (according to the planning application) of £25M/$32M.