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Pumps India Newsletter
- September.2022
Amarinth supplies API 610 pumps for project in Iraq
Amarinth has delivered two separate orders of API 610 pumps, together worth £1.2 million, for the West Qurna-2 expansion project in Iraq. Read More …….
ABB to acquire Siemens’ low voltage NEMA motor business
With manufacturing operations in Guadalajara, Mexico, the business employs around 600 people and generated revenues of approximately US$63 million in 2021. The acquisition extends ABB’s low voltage NEMA motor portfolio, brings a longstanding North American customer base, and adds an experienced operations, sales and management team. Read More …….
Ingersoll Rand to acquire Indian pump manufacturer Hydro Prokav
Based in Coimbatore, India, Hydro Prokav has annual revenue of approximately US$6 million, with more than 80% coming from aftermarket parts. Read More ……
Atlas Copco completes acquisition of Lewa and Geveke
Atlas Copco has acquired Lewa GmbH and Geveke BV and their subsidiaries from Japan’s Nikkiso Co Ltd for a combined enterprise value of €670 million. Read More …….
Dover completes acquisition of Malema Engineering
Dover Corp has completed its acquisition of Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and control instruments for the biopharmaceutical, semiconductor and industrial sectors. Read More …….
Sulzer to write off assets in Russia and Poland
Following Sulzer’s decision to exit the Russian market and close its Polish businesses, the company has decided to write off most of its assets in the two countries.
Sulzer expects a one-time impact of CHF125 million–CHF135 million at current foreign exchange rates. CHF125m will be recognized in the first half of 2022.
The one-time asset write-offs will have no significant impact on Sulzer’s operational results
Sulzer provides pumps for world’s first waste-to-fuel plant
Sulzer has supplied a full range of pumps for the world’s first commercial-scale production plant that will convert municipal solid waste (MSW), or household waste, into renewable transportation fuels. Read More …….
Atlas Copco to acquire Chinese & US vacuum pump companies
Atlas Copco is acquiring the assets of Shandong Jinggong Pump Co Ltd, a Chinese developer and manufacturer of liquid ring vacuum pumps and systems mainly used in the chemical and other general industries.
Headquartered in Zibo, in China’s Shandong province, Shangdong Jinggong Pump operates under the brand name Chinco. The company was founded in 1998 and has 100 employees. In 2021, Shangdong Jinggong Pump had revenues of approximately US$12 million.
The acquisition is expected to close in the fourth quarter of 2022. Atlas Copco has agreed to acquire National Vacuum Equipment Inc, a US manufacturer of industrial vacuum pumps and packages for mobile use on tanker trucks.
Headquartered in Traverse City, Michigan, National Vacuum Equipment employs around 100 people.
When the acquisition closes, National Vacuum will become part of the Industrial Vacuum Division, within Atlas Copco’s Vacuum Technique business area.
DESMI to sell majority stake to private equity firm
The Danish pump manufacturer DESMI has signed a definitive agreement to sell a majority share to middle market private equity firm One Equity Partners (OEP).
Founded in 1834 and headquartered in Nørresundby, Denmark, DESMI manufactures pumps, pumping systems, environmental cleaning equipment and related products and services for end-markets including marine and offshore, industrial, utility, defence and fuel. The company has operations across 20 countries in Europe, Asia, the Middle East, North America and Africa and employs nearly 1,000 people. DESMI’s pumps and systems are sold to more than 150 countries through a network of subsidiaries and distributors across six continents.
Metso Outotec to supply €100mn equipment package in Uzbekistan
Metso Outotec has signed a contract worth more than €100 million to deliver key process technology, including slurry pumps, to Almalyk Mining and Metallurgical Co’s MOF3 Copper-Gold-Molybdenum concentrator complex in Almalyk, in the Tashkent region of Uzbekistan. Read More …….
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