GE Oil & Gas and Baker Hughes complete merger

INDEX/NEWS

Pump Company Index Akastor 14 Alfa Laval 14 Amarinth 10 Andritz 10,14 Armstrong 3 Aspen Pumps 2 Atlas Copco 5,11,14,15 Baker Hughes 2 www.biometrics-today.com Baker Hughes, a GE company 2 Carotek 4 ClydeUnion 10 Crane 7,10 Curtiss-Wright 10 DESMI 10 www.membrane-technology.com Dover 7 Ebara 3,14 FLSmidth 14 Franklin Electric 10,15 Gardner Denver 3 GE Oil & Gas 2 GEA 11,14 Gorman-Rupp 10 Grundfos Pumps 11 GUD Holdings 14 Halliburton 16 Hayward Tyler 1 HMS 3 Hyundai Heavy Industries 16 Idex 8 KSB 14,15 LGB Elettropompe 3 Lindsay 8,10,11 Metso 9,14 www.networksecuritynewsletter.com OneSubsea 10 Pentair 9 Pfeiffer Vacuum 14 PSG 4 Schlumberger 10 www.sealingtechnology.info Spirax-Sarco 4,14 SPX Flow 10 Sulzer 6,14 Summit ESP 16 Torishima 14 Valmet 14 www.filtrationindustryanalyst.com Vogelsang 2 Voith 15 Wärtsilä 14 Weir 10,14 Weir Oil & Gas 3 Wilden 4 Wilo 11 www.computerfraudandsecurity.com Xylem 14,16

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Pump Industry Analyst

GE Oil & Gas and Baker Hughes complete merger

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E’s oil and gas business has combined with Baker Hughes to form Baker Hughes, a GE company (BHGE) (see Pump Industry Analyst, November 2016). The new company is a fullstream provider of oil & gas equipment, services and digital solutions. Lorenzo Simonelli, president and CEO of Baker Hughes, a GE company, said: “Disruptive change is the oil and gas industry’s new normal. We created BHGE because oil and gas customers need to withstand volatility, work smarter and bring energy to more people. Our offering is further differentiated from any other in the industry across the value stream and enables and assists our customers in driving productivity, while minimizing costs and risks.” “BHGE has proven technologies and experience with the spirit of a startup, and our leadership team looks forward to quickly demonstrating the strengths of the new company. Our focus is on integrating our businesses quickly and seamlessly so we can drive long-term value for all of our stakeholders,” added Simonelli. Baker Hughes, a GE company, is now trading on the New York Stock Exchange (NYSE) under the symbol BHGE. For further information, visit www.bhge.com

Hugo Vogelsang Maschinenbau restructures

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ermany’s Hugo Vogelsang Maschinenbau GmbH has transferred all of its operational business areas to the newly-created spin-off company Vogelsang GmbH & Co KG from 1 July 2017. “We decided on this spin-off, in order to prepare our company both organisationally and structurally for further international expansion. The decision to retain the Vogelsang name reflects the constant growth experienced over the last two decades and emphasizes our continued focus on

quality and competence as a family owned company,” explained Harald Vogelsang, CEO of Vogelsang. Hugo Vogelsang Maschinenbau GmbH continues as a holding company and holds the shares of all the subsidiaries. Previous contracts and agreements remain valid, customer and employee contracts are unchanged and transfer in full to Vogelsang GmbH & Co KG. The restructuring does not involve any further changes within the group. Founded in 1929 as a manufacturer of agricultural machinery, today Essen/ Oldenburg-based Vogelsang specializes in pumping, maceration, spreading and biogas technology for the agricultural, biogas, industrial, transportation and wastewater sectors. Products include rotary lobe and progressive cavity pumps. The family business employs more than 800 people worldwide. Last year, Vogelsang acquired Bos Benelux BV, a Dutch-owner-managed pump import and sales company (see Pump Industry Analyst, July 2016). For further information, visit www.vogelsang.info

Aspen Pumps expands with UK and French acquisitions

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ondensate pump manufacturer Aspen Pumps Ltd has bought air conditioning and refrigeration (ACR) tool specialist Javac UK. Founded in 1973 by the Davies family, Javac UK specializes in vacuum and refrigeration products. Javac UK managing director Steve Davies and sales director Scott Davies will continue with the business under Aspen Pumps ownership. Australia-based Javac Pty Ltd is not part of the deal and remains a separate company under private ownership. Adrian Thompson, CEO of Aspen Pumps, said: “We are delighted to announce that we have formed a closer relationship with Javac UK. It’s a natural fit for both businesses; we share the same core values.” Steve Davies said: “This is a great opportunity for Javac UK and Aspen to form an unbeatable partnership within the refrigeration and air-conditioning industry. We are all excited at the prospect and our business can now only develop and grow.” Javac UK is Aspen Pumps’ second recent acquisition. Earlier this year, Aspen Pumps

July 2017