- Email: [email protected]
Hayward Tyler signs MoU with China's Shinhoo Pumps
NEWS
Weir completes sale of Flow Control unit to First Reserve
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he Weir Group plc has finalised the sale of its Flow Control division to private equity investment firm First Reserve. The sale to First Reserve, for an enterprise value of £275 million subject to customary working capital and debt-like adjustments, was announced earlier this year (see Pump Industry Analyst, February 2019). Weir Flow Control, which has been renamed Trillium Flow Technologies, specialises in highly engineered valves, pumps and controls for the global power generation, downstream oil & gas and industrial sectors. Trillium Flow Technologies will consist of the same 15 pump and valve brands including Gabbioneta, WSP, WEMCO, Roto-Jet, Floway and Begemann pumps and Sarasin-RSBD, Blakeborough, Atwood & Morrill, Hopkinsons, SEBIM, BDK, Batley Valve, AutoTork and Tricentric valves. The Trillium business will continue to be led by David Paradis, as president and chief executive officer, and his management team. “The sale of the Flow Control division marks an important step in successfully delivering our strategy,” said Weir Group CEO Jon Stanton. “It means Weir is now a more focused business with strong positions in premium upstream mining and oil and gas markets around the world. On behalf of everyone at Weir I would like to thank David Paradis and the Flow Control team for their longstanding contribution to the Group and we wish them every success in the future.”
company specialising in customised pump solutions for liquid handling processes in medical, process and industrial applications. The US$10 million net purchase price is being funded by cash on hand. Stockholm-based Oina will now be part of Gardner Denver’s Medical Segment. “Oina has a strong history of delivering innovative products and building excellent customer relationships. This acquisition complements and expands our existing peristaltic pump offering and provides increased access to and expertise in the market,” said Vicente Reynal, Gardner Denver’s CEO. “This is another important step in our strategy to drive ongoing profitable growth by leveraging core, mission-critical technologies in attractive end markets.” Oina CEO Anders Lovas said: “We are excited to join the Gardner Denver family. Oina will be able to leverage an expanded commercial and operational footprint as we continue to innovate and deliver high quality products and service to our customers.” For further information, visit www.gardnerdenver.com and www.oinapumps.com
Hayward Tyler signs MoU with China’s Shinhoo Pumps
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Gardner Denver buys Swedish peristaltic pump company Oina
ayward Tyler has signed a Memorandum of Understanding (MoU) agreement with Chinese canned motor pump manufacturer Shinhoo Pumps as part of the 10th annual UK China Economic and Financial Dialogue (EFD) which took place recently in London. The MoU is the first step towards establishing a partnership between Hayward Tyler and Shinhoo Pumps to supply a full range of canned motor pumps to the North American and European energy markets. A division of Avingtrans plc, Hayward Tyler designs, manufactures and services performance-critical electric motors and pumps to meet demanding applications in the global energy and chemical processing industries.
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For further information, visit www.haywardtyler.com and http://en.shinhoopump.com
For further information, visit www.trilliumflow.com, www.global.weir and www.firstreserve.com
ardner Denver Holdings Inc has acquired Oina VV AB, a Swedish
14
Pump Industry Analyst
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Subscriptions run for 12 months, from the date payment is received. More information:
www.elsevier.com/journals/institutional/pump-industryanalyst/1359-6128 Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘Gen eral Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: (+44) 207 436 5931; fax: (+44) 207 436 3986. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Address permissions requests to: Elsevier Rights & Permissions Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid ad vances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
Digitally Produced by Mayfield Press (Oxford) Limited 12979 The content of this newsletter is compiled from a variety of sources including press releases.
July 2019
Weir completes sale of Flow Control unit to First Reserve
T
he Weir Group plc has finalised the sale of its Flow Control division to private equity investment firm First Reserve. The sale to First Reserve, for an enterprise value of £275 million subject to customary working capital and debt-like adjustments, was announced earlier this year (see Pump Industry Analyst, February 2019). Weir Flow Control, which has been renamed Trillium Flow Technologies, specialises in highly engineered valves, pumps and controls for the global power generation, downstream oil & gas and industrial sectors. Trillium Flow Technologies will consist of the same 15 pump and valve brands including Gabbioneta, WSP, WEMCO, Roto-Jet, Floway and Begemann pumps and Sarasin-RSBD, Blakeborough, Atwood & Morrill, Hopkinsons, SEBIM, BDK, Batley Valve, AutoTork and Tricentric valves. The Trillium business will continue to be led by David Paradis, as president and chief executive officer, and his management team. “The sale of the Flow Control division marks an important step in successfully delivering our strategy,” said Weir Group CEO Jon Stanton. “It means Weir is now a more focused business with strong positions in premium upstream mining and oil and gas markets around the world. On behalf of everyone at Weir I would like to thank David Paradis and the Flow Control team for their longstanding contribution to the Group and we wish them every success in the future.”
company specialising in customised pump solutions for liquid handling processes in medical, process and industrial applications. The US$10 million net purchase price is being funded by cash on hand. Stockholm-based Oina will now be part of Gardner Denver’s Medical Segment. “Oina has a strong history of delivering innovative products and building excellent customer relationships. This acquisition complements and expands our existing peristaltic pump offering and provides increased access to and expertise in the market,” said Vicente Reynal, Gardner Denver’s CEO. “This is another important step in our strategy to drive ongoing profitable growth by leveraging core, mission-critical technologies in attractive end markets.” Oina CEO Anders Lovas said: “We are excited to join the Gardner Denver family. Oina will be able to leverage an expanded commercial and operational footprint as we continue to innovate and deliver high quality products and service to our customers.” For further information, visit www.gardnerdenver.com and www.oinapumps.com
Hayward Tyler signs MoU with China’s Shinhoo Pumps
H
Gardner Denver buys Swedish peristaltic pump company Oina
ayward Tyler has signed a Memorandum of Understanding (MoU) agreement with Chinese canned motor pump manufacturer Shinhoo Pumps as part of the 10th annual UK China Economic and Financial Dialogue (EFD) which took place recently in London. The MoU is the first step towards establishing a partnership between Hayward Tyler and Shinhoo Pumps to supply a full range of canned motor pumps to the North American and European energy markets. A division of Avingtrans plc, Hayward Tyler designs, manufactures and services performance-critical electric motors and pumps to meet demanding applications in the global energy and chemical processing industries.
G
For further information, visit www.haywardtyler.com and http://en.shinhoopump.com
For further information, visit www.trilliumflow.com, www.global.weir and www.firstreserve.com
ardner Denver Holdings Inc has acquired Oina VV AB, a Swedish
14
Pump Industry Analyst
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Subscriptions run for 12 months, from the date payment is received. More information:
www.elsevier.com/journals/institutional/pump-industryanalyst/1359-6128 Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘Gen eral Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: (+44) 207 436 5931; fax: (+44) 207 436 3986. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Address permissions requests to: Elsevier Rights & Permissions Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid ad vances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
Digitally Produced by Mayfield Press (Oxford) Limited 12979 The content of this newsletter is compiled from a variety of sources including press releases.
July 2019