Fluidra makes Australian acquisition

INDEX/NEWS

Pump Company Index Abel 11 Alfa Laval 5,11 Allweiler 13 Alpha Pump & Equipment 10 American-Marsh 10 Andritz 9,11 Aspen Pumps 1 Atlas Copco 4,5,11 www.biometrics-today.com AxFlow 9,10

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DXP Enterprises 2 Energy Recovery 12 Evoqua Water Technologies 6 Flowrox 9 Flowserve 12 www.membrane-technology.com FLSmidth 2,4,11

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Fluidra 2 Flux 3 Flygt 13 Franklin Electric 9 Gardner Denver 9 GEA 11 Gorman-Rupp 6,11 Grundfos 1,12,14 Holland 10 Idex 9 Kempulp 9 Koch Pumpentechnik 10 KSB 3,11,13,14 Lewa 13 Metso 7,9,11 Netzsch 12 Obart 14 Ohio Transmission 9 www.networksecuritynewsletter.com Oina 9 Outotec 7,9,11 Parker Hannifin 8 Pentair 12 Pumptech Tasmania 9 Rheinhuette 10 www.sealingtechnology.info Robuschi 11 Spirax-Sarco 11 Sulzer 9,11 Tapflo 3 Tsurumi 14 United Rentals 11 www.filtrationindustryanalyst.com Valmet 11 Verder 10 ViscoTec 3 Weir 11 Wilden 3 Wilo 4,10 Winsupply 10 www.computerfraudandsecurity.com Xylem 3,8,11,13

For further information, visit www.grundfos.ae and www.grundfos.com

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DXP Enterprises buys Californian pump repair business

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XP Enterprises Inc has acquired Turbo Machinery Repair Inc, a pump and industrial equipment repair, maintenance, machining and labour services company based in Richmond, California, USA. Turbo Machinery Repair serves customers in the chemical, water/wastewater, municipal, power and general industrial markets. The company has annual sales of approximately US$4 million and employs around 23 people. “Turbo is a unique, well-run business focused on providing value-added service and repair capabilities to its customers,” said David Little, chairman and CEO of DXP Enterprises. “Turbo will provide DXP’s Rotating Equipment division with new geographic territory and enhance DXP’s end market mix. Turbo is a great company with key differentiators and provides us with high calibre people.” “Turbo provides us with a strong pump repair facility in Northern California and complements our 2015 acquisition of Cortech,” said DXP Enterprises CFO Kent Yee. DXP Enterprises funded the acquisition with cash on the balance sheet.

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...Continued from front page Grundfos recently opened a digital lab in Singapore as a strategic initiative to drive greater adoption of intelligent water solutions in the region (see Pump Industry Analyst, January 2020). The lab will showcase Grundfos’s range of iSolutions products, which use intelligent technology to deliver greater energy efficiency and reliability in sectors such as water distribution and wastewater treatment by water utilities, pressure boosting and heating, ventilation and air conditioning in commercial buildings and in industrial applications.

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For further information, visit www.dxpe.com and http://turboindustrial.net/

FLSmidth to cut workforce by 500

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LSmidth is reducing its employee numbers by approximately 500 globally to improve efficiency and adapt to current industry caution and capital investment delays. The reductions will include around 80 staff at the company’s headquarters in Copenhagen, Denmark, and 420 in offices around the world. “Despite a healthy pipeline, this is an unfortunate yet necessary action given the weakening market for large capital investments in 2019 and our ongoing efforts to improve internal efficiency,” explained FLSmidth CEO Thomas Schulz. “In connection with Q3, we announced a need to make necessary business adjustments, and we take this step now to position FLSmidth for future profitable growth.” For further information, visit www.flsmidth.com

Fluidra makes Australian acquisition

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luidra has bought Australian electronics designer and manufacturer Fabtronics. The acquisition strengthens Fluidra’s research and development capabilities, incorporating electronics design and manufacturing solutions. Fabtronics is based in Melbourne, close to a Fluidra manufacturing facility. Over the last 15 years, Fabtronics has provided research and development support to Fluidra’s Australian business. A number of Fluidra’s products designed and manufactured in Australia, like the Viron and EQ chlorinators, which Fabtronics assisted in designing and developing, have gone on to be sold throughout the world. “This acquisition strengthens Fluidra’s position worldwide, helping us expand our R&D capabilities and enabling us to accelerate innovation to meet local market needs,” said Bruce Brooks, CEO of Fluidra. For further information, visit www.fluidra.com and www.fabtronics.com.au

February 2020