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DXP Enterprises closes Quadna acquisition
NEWS
DXP Enterprises closes Quadna acquisition
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XP Enterprises Inc has completed the acquisition of substantially all the assets of Quadna Inc in a US$28 million deal (see Pump Industry Analyst, March 2010). Quadna distributes and services fluid and air handling pumps and fabricates pump packages for oil, gas, power, water, air, sludge and chemical applications. Quadna is headquartered in Arizona and operates from eight locations in Arizona, Colorado, Wyoming, Montana, Mexico, Nevada and Utah. David Little, CEO of DXP Enterprises, said: “Quadna is a quality company with great people and excellent product lines. We are excited with the geography and markets they cover and we look forward to our future success together.” For further information, visit www.dxpe.com
Flowserve seals nuclear valve joint venture with China’s SUFA
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lowserve Corp has signed an amendment to a nuclear power industry valve joint venture agreement, originally announced in March 2009, between Flowserve and SUFA Technology Industry Co Ltd CNNC. SUFA – Flowserve Nuclear Power Equipment (Suzhou) Co Ltd will manufacture safety-related valves, including main steam isolation valves for China’s civilian nuclear power industry. The joint venture will be headquartered in Suzhou, in Jiangsu province, China. SUFA will hold 55% of the joint venture’s registered capital, and Flowserve the remaining 45%. Both companies will contribute nuclear power valve technology and build a joint manufacturing facility. “This joint venture will help promote the expansion of China’s civilian nuclear power market,” said Tom Pajonas, president of the Flowserve Flow Control Division. “This joint venture supports Flowserve’s Chinese nuclear power strategy. We believe it will provide
April 2010
additional opportunities to continue supporting this important market.” “This amendment will satisfy the Chinese government’s nuclear power development strategy, and will make this joint venture a successful nuclear valve manufacturer in China,” said Jiangang Qiu, vice president of China National Nuclear Corp (CNNC) and chairman of SUFA. For further information, visit www.flowserve.com, www.cnnc.com.cn and www.chinasufa.com
CBM Pumps & Service signs marketing deal with Chinese motor and seal manufacturer
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LI Technologies subsidiary CBM Pumps & Service has signed an exclusive agreement with China’s Fulanke (TEC) for the rights to market their motors, seals and rotary gas separators exclusively to the coal bed methane industry in Canada, the US and Australia and the non-exclusive rights for the remainder of their product line in these markets. Serge Bonnet, president of CBM Pumps & Service, said: “This agreement has given us preferential pricing and allows us to become a distributor to other pump shops in our exclusive territory. The net result for these other pump shops will be savings in shipping costs and time.” CBM Pumps & Services supplies and services electric submersible pumps.
For further information, visit www.ilitech.com
ITT completes acquisition of Nova Analytics
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TT Corp has finalised the acquisition of Nova Analytics, the manufacturer of laboratory, field, portable, and on-line analytical instruments used in water and wastewater, environmental, medical, and food and beverage applications (see Pump Industry Analyst, February 2010).
The acquisition establishes a new platform for ITT in segments adjacent to its existing water, wastewater, industrial process, and food and beverage businesses. For further information, visit www.itt.com and www. novaanalytics.com
Hamworthy trades in-line with expectations
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amworthy plc is confident of meeting full year expectations for the year ended 31 March 2010. The group’s order book stood at £163 million at 28 February 2010, down from £270 million a year earlier. While demand for the group’s Aftersales products and services continues to remain steady, general market conditions are challenging. In a trading update, Hamworthy said it is focused on margin improvement across the group and action continues to be taken to reduce its cost base to match current trading conditions. The company says it is pursuing a range of organic and acquisitive growth opportunities, particularly within the upstream oil and gas sector and in markets driven by environmental legislation. Hamworthy will announce its preliminary results on 2 June 2010. For further information, visit www.hamworthy.com
Sulzer Pumps Q1 order intake slips 13%
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ulzer Pumps’ order intake in the first three months of this year reached CHF427.0 million, down 12.8% on last year’s strong first quarter. The oil and gas market remained weak, and demand from the hydrocarbon processing industry was stable. The power generation market softened, as expected, with the nuclear power industry experiencing increased activity in selected countries. Demand in the pulp and paper industry stabilized with signs of renewed activity in some countries.
For further information, visit www.sulzerpumps.com and www.sulzer.com
Pump Industry Analyst
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DXP Enterprises closes Quadna acquisition
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XP Enterprises Inc has completed the acquisition of substantially all the assets of Quadna Inc in a US$28 million deal (see Pump Industry Analyst, March 2010). Quadna distributes and services fluid and air handling pumps and fabricates pump packages for oil, gas, power, water, air, sludge and chemical applications. Quadna is headquartered in Arizona and operates from eight locations in Arizona, Colorado, Wyoming, Montana, Mexico, Nevada and Utah. David Little, CEO of DXP Enterprises, said: “Quadna is a quality company with great people and excellent product lines. We are excited with the geography and markets they cover and we look forward to our future success together.” For further information, visit www.dxpe.com
Flowserve seals nuclear valve joint venture with China’s SUFA
F
lowserve Corp has signed an amendment to a nuclear power industry valve joint venture agreement, originally announced in March 2009, between Flowserve and SUFA Technology Industry Co Ltd CNNC. SUFA – Flowserve Nuclear Power Equipment (Suzhou) Co Ltd will manufacture safety-related valves, including main steam isolation valves for China’s civilian nuclear power industry. The joint venture will be headquartered in Suzhou, in Jiangsu province, China. SUFA will hold 55% of the joint venture’s registered capital, and Flowserve the remaining 45%. Both companies will contribute nuclear power valve technology and build a joint manufacturing facility. “This joint venture will help promote the expansion of China’s civilian nuclear power market,” said Tom Pajonas, president of the Flowserve Flow Control Division. “This joint venture supports Flowserve’s Chinese nuclear power strategy. We believe it will provide
April 2010
additional opportunities to continue supporting this important market.” “This amendment will satisfy the Chinese government’s nuclear power development strategy, and will make this joint venture a successful nuclear valve manufacturer in China,” said Jiangang Qiu, vice president of China National Nuclear Corp (CNNC) and chairman of SUFA. For further information, visit www.flowserve.com, www.cnnc.com.cn and www.chinasufa.com
CBM Pumps & Service signs marketing deal with Chinese motor and seal manufacturer
I
LI Technologies subsidiary CBM Pumps & Service has signed an exclusive agreement with China’s Fulanke (TEC) for the rights to market their motors, seals and rotary gas separators exclusively to the coal bed methane industry in Canada, the US and Australia and the non-exclusive rights for the remainder of their product line in these markets. Serge Bonnet, president of CBM Pumps & Service, said: “This agreement has given us preferential pricing and allows us to become a distributor to other pump shops in our exclusive territory. The net result for these other pump shops will be savings in shipping costs and time.” CBM Pumps & Services supplies and services electric submersible pumps.
For further information, visit www.ilitech.com
ITT completes acquisition of Nova Analytics
I
TT Corp has finalised the acquisition of Nova Analytics, the manufacturer of laboratory, field, portable, and on-line analytical instruments used in water and wastewater, environmental, medical, and food and beverage applications (see Pump Industry Analyst, February 2010).
The acquisition establishes a new platform for ITT in segments adjacent to its existing water, wastewater, industrial process, and food and beverage businesses. For further information, visit www.itt.com and www. novaanalytics.com
Hamworthy trades in-line with expectations
H
amworthy plc is confident of meeting full year expectations for the year ended 31 March 2010. The group’s order book stood at £163 million at 28 February 2010, down from £270 million a year earlier. While demand for the group’s Aftersales products and services continues to remain steady, general market conditions are challenging. In a trading update, Hamworthy said it is focused on margin improvement across the group and action continues to be taken to reduce its cost base to match current trading conditions. The company says it is pursuing a range of organic and acquisitive growth opportunities, particularly within the upstream oil and gas sector and in markets driven by environmental legislation. Hamworthy will announce its preliminary results on 2 June 2010. For further information, visit www.hamworthy.com
Sulzer Pumps Q1 order intake slips 13%
S
ulzer Pumps’ order intake in the first three months of this year reached CHF427.0 million, down 12.8% on last year’s strong first quarter. The oil and gas market remained weak, and demand from the hydrocarbon processing industry was stable. The power generation market softened, as expected, with the nuclear power industry experiencing increased activity in selected countries. Demand in the pulp and paper industry stabilized with signs of renewed activity in some countries.
For further information, visit www.sulzerpumps.com and www.sulzer.com
Pump Industry Analyst
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