- Email: [email protected]
Colfax Corp acquires Rosscor Holding
NEWS
HMS Group begins trading on the London Stock Exchange
natural gas regasification and liquefaction plants, and natural gas liquid processing. The company has 70 employees and annual revenues of approximately US$25 million. The acquired pump business will become part of Atlas Copco’s Gas and Process Division.
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Fax: +44 (0)1865 843933 Web: www.pumpindustryanalyst.com
R
For further information, visit www.atlascopco.com and www.jccarterpumps.com
Editor: Roisin Reidy E-mail: [email protected]
ussian pump manufacturer HMS Hydraulic Machines & Systems Group plc has started trading on the London Stock Exchange under the ticker symbol HMSG (see Pump Industry Analyst, January 2011). The pump company’s initial public offering (IPO) at US$8.25 per share, resulted in aggregate gross proceeds of US$360 million. The US$8.25 price was below the earlier guidance range of US$9.25–12.00 per share. For further information, visit www.grouphms.com
Colfax Corp acquires Rosscor Holding
C
olfax Corp has bought Rosscor Holding BV, a Dutch supplier of multiphase pumping technology (MPP) and related technologies for the global oil & gas market. Headquartered in Hengelo, the Netherlands, Rosscor had sales of approximately 23 million in 2010. “Rosscor was one of the first to introduce MPP technology nearly 20 years ago, and has remained a technology leader since then,” said Clay Kiefaber, Colfax president and CEO. “With more than 70 MPP installations world-wide, Rosscor brings us deep capabilities in MPP that we can leverage through our existing channels.” For further information, visit www.colfaxcorp.com and www.rosscor.nl
Atlas Copco buys cryogenic pump business
A
tlas Copco Mafi-Trench LLC USA has signed an agreement to acquire JC Carter LLC’s pump business. Headquartered in California, USA, JC Carter produces cryogenic submerged motor pumps, which are used mainly in liquid 16
Pump Industry Analyst
Grundfos registers colour as trademark
D
anish pump manufacturer Grundfos has registered a shade of red as a trademark. “We now have a confirmation that only we are allowed to use the well known red colour coded NCS 4050R G5359 for circulator pumps,” said Kristina Klimova, legal counsel at Grundfos Holding. “It gives us a unique basis when in the future we’ll try to stop imitators of our UPS and ALPHA pumps.” It took Grundfos two years to register the colour as a trademark. For further information, visit www.grundfos.com
Weir Iraq cash supports water, humanitarian projects
S
ome of the money recently confiscated from the Weir Group for breaching UN sanctions on Iraq will be spent on Iraqi water projects (see Pump Industry Analyst, December 2010). The Scottish government is allocating £1.5 million of the £13.9 million seized under the Proceeds of Crime Act to support water development in Iraq and humanitarian programmes in Iraq and Afghanistan, while the remaining £12.4 million will be used to fund community projects in Scotland. Late last year Weir admitted two charges of breaching UN sanctions in connection with a number of UN Oil-for-Food programme contracts awarded between 2000 and 2002 in Iraq. Weir was subject to a £13 945 962 confiscation order in respect of its benefit from the offences and was fined £3 million.
For further information, visit www.weir.co.uk
Production Support Manager: Lin Lucas E-mail: [email protected] Publisher: Greg Valero E-mail: [email protected] Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Prices: 1176 for all European countries & Iran US$1319 for all countries except Europe and Japan ¥156 345 for Japan (Prices valid until 31 December 2011) To subscribe send payment to the address above. Tel: +44 (0)1865 843687/Fax: +44 (0)1865 834971/ Email: [email protected], or via www.pumpindustryanalyst.com. Subscriptions run for 12 months, from the date payment is received. Periodicals postage is paid at Rahway, NJ 07065, USA. Postmaster send all USA address corrections to: Pump Industry Analyst, 365 Blair Road, Avenel, NJ 07001, USA Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘General Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: (+44) 207 436 5931; fax: (+44) 207 436 3986. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Address permissions requests to: Elsevier Rights & Permissions Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
Digitally Produced by Mayfield Press (Oxford) LImited 02167
February 2011
HMS Group begins trading on the London Stock Exchange
natural gas regasification and liquefaction plants, and natural gas liquid processing. The company has 70 employees and annual revenues of approximately US$25 million. The acquired pump business will become part of Atlas Copco’s Gas and Process Division.
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Fax: +44 (0)1865 843933 Web: www.pumpindustryanalyst.com
R
For further information, visit www.atlascopco.com and www.jccarterpumps.com
Editor: Roisin Reidy E-mail: [email protected]
ussian pump manufacturer HMS Hydraulic Machines & Systems Group plc has started trading on the London Stock Exchange under the ticker symbol HMSG (see Pump Industry Analyst, January 2011). The pump company’s initial public offering (IPO) at US$8.25 per share, resulted in aggregate gross proceeds of US$360 million. The US$8.25 price was below the earlier guidance range of US$9.25–12.00 per share. For further information, visit www.grouphms.com
Colfax Corp acquires Rosscor Holding
C
olfax Corp has bought Rosscor Holding BV, a Dutch supplier of multiphase pumping technology (MPP) and related technologies for the global oil & gas market. Headquartered in Hengelo, the Netherlands, Rosscor had sales of approximately 23 million in 2010. “Rosscor was one of the first to introduce MPP technology nearly 20 years ago, and has remained a technology leader since then,” said Clay Kiefaber, Colfax president and CEO. “With more than 70 MPP installations world-wide, Rosscor brings us deep capabilities in MPP that we can leverage through our existing channels.” For further information, visit www.colfaxcorp.com and www.rosscor.nl
Atlas Copco buys cryogenic pump business
A
tlas Copco Mafi-Trench LLC USA has signed an agreement to acquire JC Carter LLC’s pump business. Headquartered in California, USA, JC Carter produces cryogenic submerged motor pumps, which are used mainly in liquid 16
Pump Industry Analyst
Grundfos registers colour as trademark
D
anish pump manufacturer Grundfos has registered a shade of red as a trademark. “We now have a confirmation that only we are allowed to use the well known red colour coded NCS 4050R G5359 for circulator pumps,” said Kristina Klimova, legal counsel at Grundfos Holding. “It gives us a unique basis when in the future we’ll try to stop imitators of our UPS and ALPHA pumps.” It took Grundfos two years to register the colour as a trademark. For further information, visit www.grundfos.com
Weir Iraq cash supports water, humanitarian projects
S
ome of the money recently confiscated from the Weir Group for breaching UN sanctions on Iraq will be spent on Iraqi water projects (see Pump Industry Analyst, December 2010). The Scottish government is allocating £1.5 million of the £13.9 million seized under the Proceeds of Crime Act to support water development in Iraq and humanitarian programmes in Iraq and Afghanistan, while the remaining £12.4 million will be used to fund community projects in Scotland. Late last year Weir admitted two charges of breaching UN sanctions in connection with a number of UN Oil-for-Food programme contracts awarded between 2000 and 2002 in Iraq. Weir was subject to a £13 945 962 confiscation order in respect of its benefit from the offences and was fined £3 million.
For further information, visit www.weir.co.uk
Production Support Manager: Lin Lucas E-mail: [email protected] Publisher: Greg Valero E-mail: [email protected] Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Prices: 1176 for all European countries & Iran US$1319 for all countries except Europe and Japan ¥156 345 for Japan (Prices valid until 31 December 2011) To subscribe send payment to the address above. Tel: +44 (0)1865 843687/Fax: +44 (0)1865 834971/ Email: [email protected], or via www.pumpindustryanalyst.com. Subscriptions run for 12 months, from the date payment is received. Periodicals postage is paid at Rahway, NJ 07065, USA. Postmaster send all USA address corrections to: Pump Industry Analyst, 365 Blair Road, Avenel, NJ 07001, USA Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘General Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: (+44) 207 436 5931; fax: (+44) 207 436 3986. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Address permissions requests to: Elsevier Rights & Permissions Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
Digitally Produced by Mayfield Press (Oxford) LImited 02167
February 2011