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Former Weir VP launches new company
4
Business news
WORLD PUMPS
June 2017
Nikkiso to acquire Cryogenic Industries markets. The company had 2016 revenues of around US$156 million. In addition to ACD, Cosmodyne and Cryoquip, the acquisition of Cryogenic Industries also brings additional service centres to Nikkiso’s global service network. Under Nikkiso, Cryogenic Industries will continue to operate as an independent business unit. Toshihiko Kai (left), president and CEO, Nikkiso Co Ltd, and Ross Brown (right), CEO and majority shareholder, Cryogenic Industries.
Nikkiso Co Ltd has entered into an agreement to acquire the business and trademarks of California, USA-based Cryogenic Industries Inc, including ACD LLC, Cosmodyne LLC, Cryoquip LLC and Cryogenic Industries AG and their 18 subsidiaries,
in a deal valued at around US$438 million. Founded more than 50 years ago, Cryogenic Industries makes cryogenic equipment, including centrifugal and reciprocating pumps, for industrial gas, LNG and energy
“Cryogenic Industries’ culture of industry-leading innovation in cryogenic equipment, services and plants is highly complementary to the core fluid control technology on which our company was founded. Their suite of products and technology significantly expands our product and service offerings for our cryogenics
customers globally. We look forward to welcoming the Cryogenic Industries management and employees into the Nikkiso family of companies,” said Toshihiko Kai, president and CEO of Nikkiso. “I am delighted by the opportunities that are ahead for our combined companies,” said Ross Brown, chairman and CEO of Cryogenic Industries. “We bring a very focused, deep expertise in cryogenic technologies that has always pursued technology innovation to solve challenges faced by our customers.” The acquisition is expected to close in August 2017. www.cryoind.com www.nikkiso.co.jp
Former Weir VP launches new company
Sulzer to provide 23 pumps for Finnish power plant
Chris Buckley, the former vice president of pressure pumping at Weir Oil & Gas, has established ST9 Gas + Oil, a Houston, Texas, USA-based company offering products, systems and services, including pumps, to support drilling, well completion and production for upstream operations worldwide.
the field by outperforming. We want to take down what is not working and replace it with products that have revolutionary function and values that retain.”
Sulzer is supplying 12 feedwater pumps and 11 AHLSTAR pumps for the Kilpilahti combined heat and power plant in Porvoo, Finland.
ST9 Gas + Oil plans to roll out a number of new products this year, including well service pumps, well stimulation pumps, fluid ends, seats and valves, plungers, packing, high pressure flow control products and safety products.
An order from EPC contractor Técnicas Reunidas involves 12 feedwater pumps for steam and power production. The pumps will be manufactured at Sulzer’s factory in Bruchsal, Germany and should be delivered by early summer 2017.
“ST9 Gas + Oil was founded with the goal of disrupting the well service & completion industry,” said Buckley. “Well service companies are constantly challenged and frustrated by the system of timeworn practices and technologies, and so ST9 was born out of proven success in the gas & oil industry and with the purpose of winning
Before launching ST9 Gas + Oil, Buckley served as vice president of pressure pumping for Weir Oil & Gas, where he oversaw engineering, including new product development, quality, cost control, field service, testing and marketing.
www.worldpumps.com
www.st9go.com
The Kilpilahti plant, which is owned by Neste, Veolia and Borealis, is installing three new steam generators. www.sulzer.com
Sulzer has also received an order from Valmet for 11 AHLSTAR centrifugal pumps, which will be installed at the Kilpilahti plant. The
Prior to joining Weir in 2014, Buckley worked at Caterpillar Inc for almost eight years, in its Well Stimulation and Hydraulics business units. Chris Buckley.
AHLSTAR pumps, which will be produced by Sulzer in Finland, are being delivered in spring 2017. These pumps will be installed in the flue gas cleaning systems in two of three boiler plants that Valmet will deliver to Técnicas Reunidas.
Sulzer’s MC, MD and AHLSTAR pumps.
Business news
WORLD PUMPS
June 2017
Nikkiso to acquire Cryogenic Industries markets. The company had 2016 revenues of around US$156 million. In addition to ACD, Cosmodyne and Cryoquip, the acquisition of Cryogenic Industries also brings additional service centres to Nikkiso’s global service network. Under Nikkiso, Cryogenic Industries will continue to operate as an independent business unit. Toshihiko Kai (left), president and CEO, Nikkiso Co Ltd, and Ross Brown (right), CEO and majority shareholder, Cryogenic Industries.
Nikkiso Co Ltd has entered into an agreement to acquire the business and trademarks of California, USA-based Cryogenic Industries Inc, including ACD LLC, Cosmodyne LLC, Cryoquip LLC and Cryogenic Industries AG and their 18 subsidiaries,
in a deal valued at around US$438 million. Founded more than 50 years ago, Cryogenic Industries makes cryogenic equipment, including centrifugal and reciprocating pumps, for industrial gas, LNG and energy
“Cryogenic Industries’ culture of industry-leading innovation in cryogenic equipment, services and plants is highly complementary to the core fluid control technology on which our company was founded. Their suite of products and technology significantly expands our product and service offerings for our cryogenics
customers globally. We look forward to welcoming the Cryogenic Industries management and employees into the Nikkiso family of companies,” said Toshihiko Kai, president and CEO of Nikkiso. “I am delighted by the opportunities that are ahead for our combined companies,” said Ross Brown, chairman and CEO of Cryogenic Industries. “We bring a very focused, deep expertise in cryogenic technologies that has always pursued technology innovation to solve challenges faced by our customers.” The acquisition is expected to close in August 2017. www.cryoind.com www.nikkiso.co.jp
Former Weir VP launches new company
Sulzer to provide 23 pumps for Finnish power plant
Chris Buckley, the former vice president of pressure pumping at Weir Oil & Gas, has established ST9 Gas + Oil, a Houston, Texas, USA-based company offering products, systems and services, including pumps, to support drilling, well completion and production for upstream operations worldwide.
the field by outperforming. We want to take down what is not working and replace it with products that have revolutionary function and values that retain.”
Sulzer is supplying 12 feedwater pumps and 11 AHLSTAR pumps for the Kilpilahti combined heat and power plant in Porvoo, Finland.
ST9 Gas + Oil plans to roll out a number of new products this year, including well service pumps, well stimulation pumps, fluid ends, seats and valves, plungers, packing, high pressure flow control products and safety products.
An order from EPC contractor Técnicas Reunidas involves 12 feedwater pumps for steam and power production. The pumps will be manufactured at Sulzer’s factory in Bruchsal, Germany and should be delivered by early summer 2017.
“ST9 Gas + Oil was founded with the goal of disrupting the well service & completion industry,” said Buckley. “Well service companies are constantly challenged and frustrated by the system of timeworn practices and technologies, and so ST9 was born out of proven success in the gas & oil industry and with the purpose of winning
Before launching ST9 Gas + Oil, Buckley served as vice president of pressure pumping for Weir Oil & Gas, where he oversaw engineering, including new product development, quality, cost control, field service, testing and marketing.
www.worldpumps.com
www.st9go.com
The Kilpilahti plant, which is owned by Neste, Veolia and Borealis, is installing three new steam generators. www.sulzer.com
Sulzer has also received an order from Valmet for 11 AHLSTAR centrifugal pumps, which will be installed at the Kilpilahti plant. The
Prior to joining Weir in 2014, Buckley worked at Caterpillar Inc for almost eight years, in its Well Stimulation and Hydraulics business units. Chris Buckley.
AHLSTAR pumps, which will be produced by Sulzer in Finland, are being delivered in spring 2017. These pumps will be installed in the flue gas cleaning systems in two of three boiler plants that Valmet will deliver to Técnicas Reunidas.
Sulzer’s MC, MD and AHLSTAR pumps.