STOCKHOLM (Jan. 9, 2014) – Atlas Copco has acquired Edwards Group Ltd. Following the acquisition Edwards will be delisted from the NASDAQ stock exchange.
Atlas Copco has initially paid Edwards shareholders USD 9.25 per share. Once Edwards’s audited 2013 income statement is final, an additional payment of up to USD 1.25 per share will be made, corresponding to a maximum total of USD 10.50 per share.
(Jan. 8, 2014) – Val-Matic Valve & Manufacturing Corp. announced personnel changes and promotions that became effective Jan. 1, 2014. Patricia A. Nuter, previously President and Chief Executive Officer, will assume the role of Chairman of the Board of Directors where she will continue to play an active role in daily operations.
SENECA FALLS, N.Y. (Jan. 7, 2014) – ITT Corporation and its subsidiary Goulds Pumps Inc. announced a comprehensive patent settlement agreement with Summit Pump Inc. of Green Bay, Wis. Pursuant to the settlement agreement, Summit Pump and ITT resolved a patent infringement dispute relating to Goulds Pumps’ TaperBore™ Plus vaned seal chamber patent and i-Frame® bearing frame patent.
IRVING, Texas (Jan. 7, 2015) – Flowserve Corporation announced that it has completed the acquisition of SIHI Group B.V., a global provider of engineered vacuum and fluid pumps and related services.
ATLANTA (Jan. 7, 2014) – Siemens reached 10,000 of its Robicon Perfect Harmony drives sold globally and has an installed base of 2.2 million KW. It hit the milestone last week, just shy of 20 years since its launch in 1994. Over the past couple of decades, the Siemens Robicon Perfect Harmony medium voltage variable frequency drive has helped manufacturers in a wide range of industries—from oil and gas to power generation—achieve the reliability their critical processes require.
BEAUMONT, Texas (January 7, 2013) – National Pump & Compressor continued its expansion along the Gulf Coast with the grand opening of a full-service branch in Lake Charles, La. The move to Lake Charles is a natural development for the company, aligning NPC’s objective to deliver unmatched support and turn-key equipment services with increasing customer demand.
MONROE, Conn. (Jan. 6, 2014) – Stancor, Inc. announces the addition of Phillip Nelson as the National Sales Manager.
Nelson has more than 20 years of experience in the pumping industry as a sales manager, covering the U.S., Canadian, & South American markets.
Stancor Pumps provides a host of submersible and control solutions for a wide variety of markets.
CHICAGO (Jan. 6, 2014) – Littelfuse, Inc. announced that it has completed the acquisition of SymCom, Inc. Headquartered in Rapid City, S.D., SymCom provides overload relays and pump controllers primarily to the industrial market. The company has sales of approximately $23 million and employs approximately 170 associates. Terms of the acquisition were not disclosed.
PARSIPANNY, N.J. (Jan. 6, 2014) – The Hydraulic Institute (HI) has entered a Training Partner Agreement with Grundfos USA that allows both organizations to leverage high quality, co-branded educational and training programs designed for pump end users, distributor and engineering consulting firms.
PALMYRA, N.Y. (Jan. 1, 2014) – The Garlock family of companies announced the appointment of Barb Ross as the Director of Rotary Seals. Ms. Ross will be working closely with our Power Transmission Distribution Channel Partners, focusing mainly on our KLOZURE® and Bearing Isolator product families.
