ITT Goulds Pumps invests US$31mn in Memphis facility
ITT Goulds Pumps is investing US$31 million in a new manufacturing and distribution centre in Memphis, Tennessee, to expand its operational capacity and support growing demand across North America.
The investment builds on ITT Goulds Pumps’ existing distribution operations in Southaven, Mississippi, where continued growth has created the need for additional space and capacity.
The Memphis centre will support a range of industrial pumping solutions, including ANSI, API, process and multistage pumps. These products serve customers in the energy, mining, power, chemical, pulp and paper, water and wastewater, and general industrial markets.
Curtiss-Wright to supply pumps for US Navy nuclear fleet
Curtiss-Wright Corporation has been awarded contracts valued at more than US$225 million by Bechtel Plant Machinery Inc (BPMI) to supply propulsion valves, pumps and instrumentation and control systems for three major US Navy nuclear-powered platforms.
The contracts cover the Virginia-class nuclear-powered attack submarine, Columbia-class submarine and Ford-class aircraft carrier programmes. The equipment will support ongoing ship construction and fleet maintenance activities.
The work is being undertaken across Curtiss-Wright’s Defense Electronics and Naval & Power segments, with engineering, manufacturing and testing taking place at its facilities in New York and Pennsylvania. Activities are already underway and are expected to continue through 2030.
Ingersoll Rand acquired US Ivek corporation
Ingersoll Rand has acquired US-based precision pump technology specialist Ivek Corporation, strengthening its capabilities in small-volume liquid metering and dispensing systems for the life sciences sector.
The acquisition expands Ingersoll Rand’s portfolio of life sciences solutions, adding approximately US$40 million in annual revenue. Ivek will become part of the Life Sciences platform within Ingersoll Rand’s Precision and Science Technologies (P&ST) segment.
Based in the US, Ivek designs and manufactures precision liquid metering and dispensing systems, primarily serving the healthcare, diagnostics, medical device and biomedical industries.
Circor to acquire Italian Green Silence Group
Circor has signed a definitive agreement to acquire Italian engineering and technology company Green Silence Group SpA, expanding its industrial portfolio with complementary pump, electric motor and control technologies.
The acquisition will bring together the capabilities of Green Silence Group businesses Settima, Motive and Spin, adding three-screw and ultra-low-noise hydraulic pumps, electric motors, high-efficiency rare-earth-free motor technologies, power electronics and advanced engineering solutions to Circor’s offering.
Nikkiso liquid hydrogen pump skid for Japanese power project
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) has supplied a liquid hydrogen pump skid for what it describes as the world’s first next-generation fuel supply system for a hydrogen power generation project.
The project aims to improve the efficiency of hydrogen fuel supply in cogeneration systems (CGS), which simultaneously produce electricity and thermal energy.
According to Nikkiso, the project represents the first time these technologies have been combined in hydrogen power generation. It is expected to support the development of large-scale hydrogen power generation and regional energy systems based on hydrogen.
Franklin Electric to acquire Australia’s Challenge Pumps for US$181mn
Franklin Electric has entered into a definitive agreement to acquire Australian underground mine dewatering specialist Challenge Pumps Holdings Pty Ltd for approximately US$181 million (A$259 million) in cash, strengthening its position in mineral extraction and industrial water management.
The acquisition also includes contingent consideration of up to US$14 million (A$20 million), linked to future revenue performance following completion. The transaction is expected to close in 2026, subject to completion of the target’s audit process and customary closing conditions.
Challenge Pumps generated approximately US$52 million (A$73 million) in revenue and US$18 million (A$26 million) in EBITDA in the financial year ending June 2026, representing an EBITDA margin of approximately 35%. More than 55% of its revenue over the past three years came from aftermarket parts and services.
Mitsubishi expands heat pump sales into overseas markets
Mitsubishi Heavy Industries Thermal Systems (MHI Thermal Systems) is expanding overseas sales of its ETI-W series heat recovery centrifugal heat pump from October 2026, targeting industrial and commercial applications requiring high-temperature water.
Launched in Japan in 2025, the ETI-W recovers low-temperature waste heat from industrial processes and reuses it to produce hot water at temperatures of up to 90°C. The unit has a maximum heating capacity of 640kW, offering an alternative to boilers for applications traditionally reliant on conventional heating equipment.
The expansion comes amid growing global demand for waste heat recovery and the decarbonisation of industrial heat. MHI Thermal Systems will target process applications in electronics, automotive, food, chemical and pharmaceutical manufacturing, alongside heating and hot water supply for commercial buildings and accommodation facilities.
AxFlow acquires majority stake in Australian pump specialist PPS
AxFlow Oceania has acquired a majority stake in Professional Pump Services & Irrigation Pty Ltd (PPS), a Townsville-based provider of pumping, irrigation and water management solutions, strengthening its presence across Northern Queensland.
Established more than 20 years ago, PPS provides pumping and irrigation equipment alongside engineering, installation, maintenance, workshop repairs and on-site servicing.
The deal will give PPS customers access to AxFlow Oceania’s wider portfolio of products and services, including the Permaglass product range, fire protection systems, tanks and additional industrial fluid handling equipment.
The acquisition supports AxFlow’s long-term strategy to develop a comprehensive fluid handling solutions platform across Australia and New Zealand through investment in established local businesses.
