Pumps India Newsletter

Asia’s oldest exclusive magazine on pumps, now in 28th year of publication, widely circulated all over India and abroad among end user industries, consultants, EPC companies, distributors and manufacturers.

- May.2023

Krones to acquire Ampco Pumps

German machinery manufacturer Krones Group has signed an agreement to acquire 90% of Ampco Pumps Company LLC. The company has been providing centrifugal and positive displacement pumps worldwide for more than 70 years. In 2022, Ampco Pumps generated revenue of approximately US$50 million. Read More …….

ABB Acquired Siemens Low Voltage Nema Motor Business

ABB announced it has completed its acquisition of the Siemens low voltage NEMA motor business. The transaction was originally announced August 11, 2022, and financial terms of the transaction were not disclosed. The business employs around 600 people and generated revenues of approximately $63 million in 2021. Read More …….

Svanehøj Expands Pump Service With US Acquisition

The Danish marine pump specialist Svanehøj has acquired Complete Cryogenic Services (CCS), a specialist in the service and overhaul of submerged pumps on LNG tankers. Tustin, California, USA-based CCS has more than 30 years of experience in the service and overhaul of submerged cargo, spray, and high-pressure pumps for cargo containment systems on LNG tankers. Read More …….

Thordon Bearing Deal With Sigma For Egyptian Pump Projects

Sigma Group has specified Thordon Bearings’ grease-free bearings for its specialized pumping sets for flood defence and irrigation projects across Egypt. Thordon Bearings is supplying 64 of its water-lubricated composite bearings for use in 49 Sigma BQBV vertical diagonal pumps specified for projects along the Nile River and the Sinai Peninsula. Read More …….

Curtiss-Wright Signs Subsea Pump Agreement With Shell

Curtiss-Wright Corp has signed an agreement with Shell Exploration & Production Company to manufacture, test and provide operational support for an Electro-Submersible Pump (ESP) for a Shell offshore platform in the Gulf of Mexico. Read More …….

Grundfos Achieved Record Turnover In 2022

Despite turbulent market conditions, Grundfos has reported a strong performance in 2022 with sales growth of 12.1%, net turnover at a record DKK33.3 billion and earnings (EBIT before special items) reaching DKK3.9 billion.
Grundfos achieved strong sales growth in key markets, including the US, Germany and the UK, which contributed to a 2022 global growth of 16.2%, adjusted for lost sales in Russia and Belarus. During 2022, Grundfos closed its business in Russia and Belarus incurring a one-off restructuring expense of DKK851 million.
2022 was a year with historic market turbulence including the Russian invasion of Ukraine, continued impact of Covid-19, bottlenecks in global supply chains, rising energy prices, high inflationary pressure and significant currency swings.

Xylem to Acquire Evoqua In US$7.5bn Deal

Xylem Inc has entered into a definitive agreement to acquire Evoqua Water Technologies Corp, the water treatment solutions and services company, in a US$7.5 billion all-stock transaction.
Evoqua complements Xylem’s portfolio of solutions with advanced water and wastewater treatment capabilities, an extensive service network and access to a number of attractive industrial markets including life sciences, microelectronics, power and food and beverage. The company is also a leader in the remediation of emerging contaminants, including PFAS.

Wilo Remains On Sustainable Growth Course

The Wilo Group has had a successful financial year in 2022. The multinational technology group generated a new record turnover of around 1.9 billion euros in the year marking its 150th anniversary. Wilo thus increased its sales revenues by 14.2 percent Despite big global challenges and uncertainties, the Wilo Group continued its profitable and sustainable growth course. Read More …….

WSG Eftech secures million-dollar worth contracts

WSG Eftech has secured a raft of Australian contract valued at approximately AUD 60M. The work scopes range from the LNG and oil and gas sectors to major urban infrastructure projects. Read More …….