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Pentair to acquire Norit's CPT business
2
Business news
WORLD PUMPS
4H`
Sulzer to buy Cardo Flow Solutions
Pentair to acquire Norit’s CPT business
Swiss engineering giant Sulzer has signed an agreement with Assa Abloy to acquire Cardo’s Flow Solutions business for CHF858 million in cash.
Private equity firm Doughty Hanson is selling Norit Holdings BV’s Clean Process Technologies (CPT) division to Pentair Inc in a €503 million deal.
membrane technologies, aseptic valves, CO2 management and control systems and specialty pumping equipment and systems.
The Netherlands-based CPT specialises in membrane and clean process technologies and systems in the water and beverage filtration and separation sectors. Products include ultrafiltration and nanofiltration
CPT has approximately 1200 employees and had sales of €222 million and EBITDA of €35 million in 2010.
Headquartered in Malmö, Sweden, Cardo’s Flow Solutions business had sales of approximately CHF463 million in 2010 and 1900 employees. Around 90% of Cardo Flow Solutions' sales come from the wastewater market as a full line supplier of pumps and related equipment such as lifters, mixers, aerators, compressors, control and
monitoring equipment and services. Water and wastewater will now become one of Sulzer’s key markets, accounting for approximately 16% of total group sales. “Cardo’s Flow Solutions business with its complete pumping solutions for the wastewater market and its committed employees provides an excellent strategic fit for Sulzer,” said Ton Büchner, CEO of Sulzer. www.sulzer.com www.cardo.com
Grundfos delivers strong growth in 2010 Danish pump maker Grundfos has returned to pre-recession activity levels, with 2010 turnover of DKK19.6 billion, profit before tax of DKK2.4 billion and record profitability of 12.2% of turnover. This compares with turnover of DKK17.1 billion and profit before tax of DKK0.9 billion in 2009. “This is a good result. Even better than we hoped,” said
Grundfos Group president Carsten Bjerg. “The fact that, in a difficult and challenging time, we managed to expand the technological and commercial lead in the market and, at the same time, managed to limit costs, is a strong example of management’s and staff’s huge performance and co-operation.” www.grundfos.com
www.norit.com www.pentair.com
Weir SPM expands Fort Worth plant Weir Oil & Gas is investing US$40 million to extend the capacity of its Weir SPM manufacturing and service facility in Fort Worth, Texas, USA. The expansion will allow Weir SPM to install new machinery for increased pump, fluid end and flow manufacturing capacity. The project includes the purchase of 12.7 acres next to the current site for a dedicated Fort Worth Service Centre to provide quick response times for major pump overhaul.
Warehouses, an assembly and engineering office, pipe shop, pump machine shop, a swivel manufacturing facility and a service centre will also be built. New and renovated offices will accommodate recently hired management and engineering staff. The site also includes land for future expansion. Construction is underway and should be completed by the third quarter of 2012. www.weiroilandgas.com
Selwood invests £7mn in plant and pump fleet
Franklin Electric to take majority stake in Turkey’s Impo
UK hire and sales specialist Selwood has placed orders for £7 million worth of plant and pumps since the start of this year to expand its hire fleet.
Franklin Electric Co Inc has reached a definitive agreement to buy 80% of the outstanding shares of Turkish pumping systems manufacturer Ýmpo Motor Pompa Sanayi ve Ticaret AS (Impo).
“Although for us this is a large investment in a short space of time, it is important that we
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continue to increase and update our fleet to meet customer expectations. 2011 has begun well for us and this investment in our fleet is essential for us to maintain growth,” said Selwood sales director Richard Brown. www.selwood.co.uk
Based in Izmir, Impo specialises in the design, manufacture and sale
of groundwater pumping systems and has annual sales of approximately US$25 million. Franklin Electric expects the transaction to close in the second quarter of 2011. www.franklin-electric.com www.impoas.com
Business news
WORLD PUMPS
4H`
Sulzer to buy Cardo Flow Solutions
Pentair to acquire Norit’s CPT business
Swiss engineering giant Sulzer has signed an agreement with Assa Abloy to acquire Cardo’s Flow Solutions business for CHF858 million in cash.
Private equity firm Doughty Hanson is selling Norit Holdings BV’s Clean Process Technologies (CPT) division to Pentair Inc in a €503 million deal.
membrane technologies, aseptic valves, CO2 management and control systems and specialty pumping equipment and systems.
The Netherlands-based CPT specialises in membrane and clean process technologies and systems in the water and beverage filtration and separation sectors. Products include ultrafiltration and nanofiltration
CPT has approximately 1200 employees and had sales of €222 million and EBITDA of €35 million in 2010.
Headquartered in Malmö, Sweden, Cardo’s Flow Solutions business had sales of approximately CHF463 million in 2010 and 1900 employees. Around 90% of Cardo Flow Solutions' sales come from the wastewater market as a full line supplier of pumps and related equipment such as lifters, mixers, aerators, compressors, control and
monitoring equipment and services. Water and wastewater will now become one of Sulzer’s key markets, accounting for approximately 16% of total group sales. “Cardo’s Flow Solutions business with its complete pumping solutions for the wastewater market and its committed employees provides an excellent strategic fit for Sulzer,” said Ton Büchner, CEO of Sulzer. www.sulzer.com www.cardo.com
Grundfos delivers strong growth in 2010 Danish pump maker Grundfos has returned to pre-recession activity levels, with 2010 turnover of DKK19.6 billion, profit before tax of DKK2.4 billion and record profitability of 12.2% of turnover. This compares with turnover of DKK17.1 billion and profit before tax of DKK0.9 billion in 2009. “This is a good result. Even better than we hoped,” said
Grundfos Group president Carsten Bjerg. “The fact that, in a difficult and challenging time, we managed to expand the technological and commercial lead in the market and, at the same time, managed to limit costs, is a strong example of management’s and staff’s huge performance and co-operation.” www.grundfos.com
www.norit.com www.pentair.com
Weir SPM expands Fort Worth plant Weir Oil & Gas is investing US$40 million to extend the capacity of its Weir SPM manufacturing and service facility in Fort Worth, Texas, USA. The expansion will allow Weir SPM to install new machinery for increased pump, fluid end and flow manufacturing capacity. The project includes the purchase of 12.7 acres next to the current site for a dedicated Fort Worth Service Centre to provide quick response times for major pump overhaul.
Warehouses, an assembly and engineering office, pipe shop, pump machine shop, a swivel manufacturing facility and a service centre will also be built. New and renovated offices will accommodate recently hired management and engineering staff. The site also includes land for future expansion. Construction is underway and should be completed by the third quarter of 2012. www.weiroilandgas.com
Selwood invests £7mn in plant and pump fleet
Franklin Electric to take majority stake in Turkey’s Impo
UK hire and sales specialist Selwood has placed orders for £7 million worth of plant and pumps since the start of this year to expand its hire fleet.
Franklin Electric Co Inc has reached a definitive agreement to buy 80% of the outstanding shares of Turkish pumping systems manufacturer Ýmpo Motor Pompa Sanayi ve Ticaret AS (Impo).
“Although for us this is a large investment in a short space of time, it is important that we
^^^^VYSKW\TWZJVT
continue to increase and update our fleet to meet customer expectations. 2011 has begun well for us and this investment in our fleet is essential for us to maintain growth,” said Selwood sales director Richard Brown. www.selwood.co.uk
Based in Izmir, Impo specialises in the design, manufacture and sale
of groundwater pumping systems and has annual sales of approximately US$25 million. Franklin Electric expects the transaction to close in the second quarter of 2011. www.franklin-electric.com www.impoas.com