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Dover divests Finder Pompe to Gruppo Aturia
pumpindustry ANALYST www.pumpindustryanalyst.com Visit us @
ISSN 1359-6128 April 2019
www.biometrics-today.com
Dover divests Finder Pompe to Gruppo Aturia
D
over Corp has sold Finder Pompe Srl to Italy’s Gruppo Aturia SpA. Merate, Italy-based Finder Pompe, part of Dover’s PSG® business unit, manufactures engineered centrifugal pumps and spare parts for critical applications mainly in the oil and gas market. Founded in 1952, Finder has developed and supplied a wide range of pumps over the years for international projects, including API centrifugal pumps. The company had 2018 revenues of around US$30 million and recently opened a new pump test facility at its headquarters in Merate (see Pump Industry Analyst, March 2019). Dover’s president and CEO Richard Tobin said: “This divestiture is in line with our strategy of reducing exposure to highly cyclical upstream energy markets and focuses Dover’s PSG business on positive displacement and hygienic pump technologies.”
As a result of the transaction, Dover will receive US$24 million in cash and will record a non-cash after-tax charge of approximately US$40 million–50 million due to the write off of net carrying value of assets, including goodwill and foreign exchange cumulative translation adjustment held in equity. Gruppo Aturia, which has been part of India’s WPIL Group since 2015 and already includes the Aturia, Rotos, Marelli, Audoli & Bertola, Aris Chiappa and Rutschi pump businesses, sees strong synergies with Finder, especially in the oil and gas market. WPIL president Prakash Agarwal said: “The Italian pump group expects the acquisition of Finder to have an important impact on the engineered pump market in Europe and to soon become a global player in the sector.” For further information, visit www.dovercorporation. com, www.gruppoaturia.it and www.finderpumps.com
John Crane buys Advanced Diamond Technologies’ Industrial Division
S
ealing specialist John Crane has acquired the Industrial Division of Advanced Diamond Technologies (ADT). Based in Romeoville, Illinois, USA, ADT specialises in the development of diamond films for industrial, electronic, mechanical and medical applications. The Industrial Division of ADT has developed proprietary materials that capture the properties of natural diamond using chemical vapor deposition. The company’s ultrananocrystalline diamond (UNCD®) technology is a thin-film diamond material grown through a proprietary chemical vapor deposition process. UNCD improves mechanical seal reliability and performance in difficult applications involving poor lubricating fluids, liquids above their
atmospheric boiling point and abrasive slurries. “John Crane’s acquisition of the Industrial Division of ADT underscores our commitment to technology as a key driver of strategic growth,” said Jean Vernet, president and CEO of John Crane. “ADT has built an impressive business based on a unique and superior diamond facing process, making this acquisition a step in further enhancing our industry leadership. This technology will result in improved performance and reliability for mechanical seals under harsh conditions in pumps and other industrial applications, bringing important benefits to our customers.” For further information, visit www.johncrane.com and www.thindiamond.com
Contents
Company Watch Desmi 5 Energy Recovery 5 GEA 6 www.membrane-technology.com Gorman-Rupp 6 KSB 7 Pentair 7 Smiths 8 United Rentals 8
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Visit us @
Diary
13
Feature Pumps Mergers & Acquisitions Review: Q1 2019
11–12
Visit us @
Financial Calendar
12
New Product Developments
13
News Dover divests Finder Pompe to Gruppo Aturia 1 John Crane buys Advanced Diamond Technologies’ Industrial Division
Visit us @
1
Genstar Capital acquires pump distributor OTC 2 www.networksecuritynewsletter.com Ebara invests in AI specialist Ridge-i and forms business alliance 2 Weir signs MoU with Azerbaijan State Oil and Industry University
2
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Gardner Denver opens new warehouse in Argentina 3 PumpMan expands in New York City www.sealingtechnology.info Elliott Group completes Ebara International Corporation merger
3 3
Valmet seals GL&V acquisition
3
Xylem adds dry-pit pump testing facility to Swedish plant
4
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Calpeda marks 60 years with Innovation Centre 4 www.filtrationindustryanalyst.com Aesseal celebrates 40th anniversary 4 XPV Water Partners invests in Holland Pump 14 SFA Group purchases Zehnder Pumpen
14
Sulzer launches scholarship for women in science and engineering
14
Visit us @
Orders & Contracts 9 www.computerfraudandsecurity.com People & Appointments
10
Visit us @ www.pumpindustryanalyst.com
ISSN 1359-6128/19 © 2019 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.
ISSN 1359-6128 April 2019
www.biometrics-today.com
Dover divests Finder Pompe to Gruppo Aturia
D
over Corp has sold Finder Pompe Srl to Italy’s Gruppo Aturia SpA. Merate, Italy-based Finder Pompe, part of Dover’s PSG® business unit, manufactures engineered centrifugal pumps and spare parts for critical applications mainly in the oil and gas market. Founded in 1952, Finder has developed and supplied a wide range of pumps over the years for international projects, including API centrifugal pumps. The company had 2018 revenues of around US$30 million and recently opened a new pump test facility at its headquarters in Merate (see Pump Industry Analyst, March 2019). Dover’s president and CEO Richard Tobin said: “This divestiture is in line with our strategy of reducing exposure to highly cyclical upstream energy markets and focuses Dover’s PSG business on positive displacement and hygienic pump technologies.”
As a result of the transaction, Dover will receive US$24 million in cash and will record a non-cash after-tax charge of approximately US$40 million–50 million due to the write off of net carrying value of assets, including goodwill and foreign exchange cumulative translation adjustment held in equity. Gruppo Aturia, which has been part of India’s WPIL Group since 2015 and already includes the Aturia, Rotos, Marelli, Audoli & Bertola, Aris Chiappa and Rutschi pump businesses, sees strong synergies with Finder, especially in the oil and gas market. WPIL president Prakash Agarwal said: “The Italian pump group expects the acquisition of Finder to have an important impact on the engineered pump market in Europe and to soon become a global player in the sector.” For further information, visit www.dovercorporation. com, www.gruppoaturia.it and www.finderpumps.com
John Crane buys Advanced Diamond Technologies’ Industrial Division
S
ealing specialist John Crane has acquired the Industrial Division of Advanced Diamond Technologies (ADT). Based in Romeoville, Illinois, USA, ADT specialises in the development of diamond films for industrial, electronic, mechanical and medical applications. The Industrial Division of ADT has developed proprietary materials that capture the properties of natural diamond using chemical vapor deposition. The company’s ultrananocrystalline diamond (UNCD®) technology is a thin-film diamond material grown through a proprietary chemical vapor deposition process. UNCD improves mechanical seal reliability and performance in difficult applications involving poor lubricating fluids, liquids above their
atmospheric boiling point and abrasive slurries. “John Crane’s acquisition of the Industrial Division of ADT underscores our commitment to technology as a key driver of strategic growth,” said Jean Vernet, president and CEO of John Crane. “ADT has built an impressive business based on a unique and superior diamond facing process, making this acquisition a step in further enhancing our industry leadership. This technology will result in improved performance and reliability for mechanical seals under harsh conditions in pumps and other industrial applications, bringing important benefits to our customers.” For further information, visit www.johncrane.com and www.thindiamond.com
Contents
Company Watch Desmi 5 Energy Recovery 5 GEA 6 www.membrane-technology.com Gorman-Rupp 6 KSB 7 Pentair 7 Smiths 8 United Rentals 8
Visit us @
Visit us @
Diary
13
Feature Pumps Mergers & Acquisitions Review: Q1 2019
11–12
Visit us @
Financial Calendar
12
New Product Developments
13
News Dover divests Finder Pompe to Gruppo Aturia 1 John Crane buys Advanced Diamond Technologies’ Industrial Division
Visit us @
1
Genstar Capital acquires pump distributor OTC 2 www.networksecuritynewsletter.com Ebara invests in AI specialist Ridge-i and forms business alliance 2 Weir signs MoU with Azerbaijan State Oil and Industry University
2
Visit us @
Gardner Denver opens new warehouse in Argentina 3 PumpMan expands in New York City www.sealingtechnology.info Elliott Group completes Ebara International Corporation merger
3 3
Valmet seals GL&V acquisition
3
Xylem adds dry-pit pump testing facility to Swedish plant
4
Visit us @
Calpeda marks 60 years with Innovation Centre 4 www.filtrationindustryanalyst.com Aesseal celebrates 40th anniversary 4 XPV Water Partners invests in Holland Pump 14 SFA Group purchases Zehnder Pumpen
14
Sulzer launches scholarship for women in science and engineering
14
Visit us @
Orders & Contracts 9 www.computerfraudandsecurity.com People & Appointments
10
Visit us @ www.pumpindustryanalyst.com
ISSN 1359-6128/19 © 2019 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.