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Xylem expands service capability
2
Business news
WORLD PUMPS
KKR to acquire Gardner Denver
Chile’s Neptuno joins Hydraulic Institute
Gardner Denver Inc has entered into a definitive merger agreement to be acquired by global investment firm Kohlberg Kravis Roberts & Co LP (KKR) in a US$3.9 billion deal.
Neptuno Pumps has officially become the first Chilean and Latin American member of the Hydraulic Institute.
KKR will acquire all of the outstanding shares of Gardner Denver common stock for US$76 per share in cash. This is a 39% premium on Gardner Denver’s share price on 24 October 2012, the day
before the company confirmed that it had started to explore strategic alternatives for the business. The Gardner Denver board of directors has unanimously approved the merger agreement and recommends that shareholders vote in favour of the transaction.
“This milestone is one step forward on our dedication to excellence in the engineering and manufacture of industrial pumps,” said Petar Ostojic, project & product manager at Neptuno Pumps.
include pump and supplier companies that manufacture wholly outside of North America but sell into the North American market. Up until then, Hydraulic Institute membership was only open to pump and supplier companies that had manufacturing or assembly operations in the US, Canada or Mexico.
Last year, the Hydraulic Institute broadened its membership to
www.neptunopumps.com www.pumps.org
www.gardnerdenver.com
Xylem expands service capability Xylem Inc has bought PIMS Group, a privately held UK-based wastewater services company, in a US$57 million deal. PIMS is a supplier of wastewater installation and maintenance services for the municipal, industrial and private sector markets throughout the UK. Founded in 1972, PIMS employs 220 people and had revenues of US$38 million for the fiscal year ended 30 April 2012.
installed base to deliver advanced solutions and services that create peace of mind for our customers and help ensure that their operations are running optimally,” said Gretchen McClain, Xylem’s president and CEO. “In bringing PIMS Group into the Xylem family, we are accelerating this strategy by adding an industry-leading and differentiated service capability built on PIMS’ world-class talent, tools and processes.”
“The core of Xylem’s growth strategy is to leverage our large
www.xyleminc.com www.pimsgroup.co.uk
Grundfos buys Australia’s BKB Pumps & Tanks Grundfos is acquiring its long term Australian partner BKB Pumps & Tanks Pty Ltd. Hallam, Victoria-headquartered BKB Pumps & Tanks will be merged with Grundfos’s Australian Commercial Building Services (CBS) team to create BKB Building Solutions Pty Ltd. BKB Building Solutions will operate independently of Grundfos Pumps, with its own management team and board of directors.
Søren Sørensen, Grundfos group executive vice president, said: “Australia is an important contributor to the overall business success of the Grundfos Group. It is a particularly strong contributor to the success we have seen over the years in the Asia Pacific region, and we expect the acquisition of BKB to further strengthen our local and global growth.“ www.grundfos.com www.bkbgroup.com.au
Metso supplies slurry pumps to Mozambique
John Crane, Shell sign framework agreement
Metso has signed a €3.3 million contract with Brazilian mining company Vale to provide 110 heavy duty slurry pumps for its Moatize coal mine in Mozambique.
Sealing specialist John Crane has won a five-year Enterprise Framework Agreement to supply products and services for Shell’s upstream, midstream and downstream oil & gas operations worldwide.
The order also covers initial startup and commissioning, together with service training and assistance for the first six months of
www.worldpumps.com
April 2013
operation. The Metso pumps consist of heavy and extra heavy duty horizontal and vertical spindle spillage pumps specifically designed and sized for Vale applications. Metso will complete the delivery by the fourth quarter of 2013. www.metso.com/ miningandconstruction
Under the global agreement, John Crane will be a key supplier of mechanical seals and seal support systems.
John Crane has more than 235 locations worldwide. “This, coupled with our 95 years of expertise in engineering technology, positions us to fulfill the agreement requirements and meet the needs of Shell’s mission-critical operations,“ said Duncan Gillis, president and CEO of John Crane. www.johncrane.com
Business news
WORLD PUMPS
KKR to acquire Gardner Denver
Chile’s Neptuno joins Hydraulic Institute
Gardner Denver Inc has entered into a definitive merger agreement to be acquired by global investment firm Kohlberg Kravis Roberts & Co LP (KKR) in a US$3.9 billion deal.
Neptuno Pumps has officially become the first Chilean and Latin American member of the Hydraulic Institute.
KKR will acquire all of the outstanding shares of Gardner Denver common stock for US$76 per share in cash. This is a 39% premium on Gardner Denver’s share price on 24 October 2012, the day
before the company confirmed that it had started to explore strategic alternatives for the business. The Gardner Denver board of directors has unanimously approved the merger agreement and recommends that shareholders vote in favour of the transaction.
“This milestone is one step forward on our dedication to excellence in the engineering and manufacture of industrial pumps,” said Petar Ostojic, project & product manager at Neptuno Pumps.
include pump and supplier companies that manufacture wholly outside of North America but sell into the North American market. Up until then, Hydraulic Institute membership was only open to pump and supplier companies that had manufacturing or assembly operations in the US, Canada or Mexico.
Last year, the Hydraulic Institute broadened its membership to
www.neptunopumps.com www.pumps.org
www.gardnerdenver.com
Xylem expands service capability Xylem Inc has bought PIMS Group, a privately held UK-based wastewater services company, in a US$57 million deal. PIMS is a supplier of wastewater installation and maintenance services for the municipal, industrial and private sector markets throughout the UK. Founded in 1972, PIMS employs 220 people and had revenues of US$38 million for the fiscal year ended 30 April 2012.
installed base to deliver advanced solutions and services that create peace of mind for our customers and help ensure that their operations are running optimally,” said Gretchen McClain, Xylem’s president and CEO. “In bringing PIMS Group into the Xylem family, we are accelerating this strategy by adding an industry-leading and differentiated service capability built on PIMS’ world-class talent, tools and processes.”
“The core of Xylem’s growth strategy is to leverage our large
www.xyleminc.com www.pimsgroup.co.uk
Grundfos buys Australia’s BKB Pumps & Tanks Grundfos is acquiring its long term Australian partner BKB Pumps & Tanks Pty Ltd. Hallam, Victoria-headquartered BKB Pumps & Tanks will be merged with Grundfos’s Australian Commercial Building Services (CBS) team to create BKB Building Solutions Pty Ltd. BKB Building Solutions will operate independently of Grundfos Pumps, with its own management team and board of directors.
Søren Sørensen, Grundfos group executive vice president, said: “Australia is an important contributor to the overall business success of the Grundfos Group. It is a particularly strong contributor to the success we have seen over the years in the Asia Pacific region, and we expect the acquisition of BKB to further strengthen our local and global growth.“ www.grundfos.com www.bkbgroup.com.au
Metso supplies slurry pumps to Mozambique
John Crane, Shell sign framework agreement
Metso has signed a €3.3 million contract with Brazilian mining company Vale to provide 110 heavy duty slurry pumps for its Moatize coal mine in Mozambique.
Sealing specialist John Crane has won a five-year Enterprise Framework Agreement to supply products and services for Shell’s upstream, midstream and downstream oil & gas operations worldwide.
The order also covers initial startup and commissioning, together with service training and assistance for the first six months of
www.worldpumps.com
April 2013
operation. The Metso pumps consist of heavy and extra heavy duty horizontal and vertical spindle spillage pumps specifically designed and sized for Vale applications. Metso will complete the delivery by the fourth quarter of 2013. www.metso.com/ miningandconstruction
Under the global agreement, John Crane will be a key supplier of mechanical seals and seal support systems.
John Crane has more than 235 locations worldwide. “This, coupled with our 95 years of expertise in engineering technology, positions us to fulfill the agreement requirements and meet the needs of Shell’s mission-critical operations,“ said Duncan Gillis, president and CEO of John Crane. www.johncrane.com