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Pentair to spin off US$2.1bn Electrical business
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Filtration Company Index Ahlstrom-Munksjö Alfa Laval Andritz Atlas Copco BakerCorp BASF Calgon Carbon Ceco Environmental Citic Envirotech CP Environmental Danaher De.Mem De Nora Donaldson Emefcy Entegris Evoqua Water Technologies FLSmidth GE GE Water GEA Grundfos GUD Holdings Hydranautics Hy-Pro Indutrade ItN Nanovation ITT Koch Membrane Systems Lanxess LiqTech Mann+Hummel Merck Metso Micronics Modern Water Mogul Mycelx Technologies National Oilwell Varco Nederman Nirosoft Noble Water Technologies Oji Holdings OriginClear Outotec Pall Pall Filter Specialists Parker Hannifin Pentair Porvair RWL Water Sartorius Shaffer Products Siemens SnowPure Southern Filter Media Sulzer Summit Filter TechnipFMC Toyobo Tsukishima Kikai United Process Control Unitek Valmet Wärtsilä Watts Water Weir Xylem
14 3,14 14 4,14 6 14 5 5,12 8 12 8 2 16 5,15,16 1,12 9 13,16 12,13,14 4,14,15 13 14 5 14 12 16 14 12,14 5 13 5,14 4,13 3 14 4,9,12,14 12 5 4 13 5 10,14 1 16 15 13 14 12 12 12 2,5,10,12,14 7,14 1,12 11,14 3 14 4 12 14 3 11 14 14 12 1 14 14 14 14 5,14
Pentair to spin off US$2.1bn Electrical business
P
entair plc is planning to split into two separate, public companies, with a tax-free spinoff of its Electrical business to shareholders. The separation will create standalone Water and Electrical companies, both publicly-traded. The Water company, which had 2016 sales of around US$2.8 billion and will include the Filtration & Process, Flow Technologies and Aquatic & Environmental Systems business groups, will operate under the Pentair name. The as yet unnamed Electrical company will be home to Pentair’s Enclosures, Thermal Management and Electrical & Fastening Solutions groups. The Electrical business had sales of approximately US$2.1 billion in 2016. “We have built two strong, highperforming businesses with the operating acumen and culture to thrive as two independent companies,” said Randall Hogan, Pentair chairman and CEO. “Separating Water and Electrical to create two pure-play companies is the next logical step in the evolution of Pentair and is consistent with our strategy to continually enhance shareholder value. Both companies will have the focus, talent and flexibility to grow profitably, both organically and through acquisitions.” Hogan will retire as Pentair chairman and CEO when the separation is finalized, but will serve as chairman of Electrical. John Stauch, senior vice president and chief financial officer of Pentair, will be Water’s CEO, while Karl Frykman, president of Pentair’s Water segment, has been named Water’s chief operating officer. Pentair board member David Jones will become chairman of Water. Pentair expects to complete the separation during the second quarter of 2018. Days before the spin-off was announced, Pentair completed the sale of its Valves & Controls business to Emerson Electric Co in a US$3.15 billion deal (see Filtration Industry Analyst, August 2016).
For further information, visit www.pentair.com
2
Filtration Industry Analyst
De.mem produces its first industrial standard membrane module
S
ingapore-based wastewater treatment company De.mem Ltd has manufactured its first industrial-sized low-pressure hollow fibre nanofiltration (NF) membrane module in conjunction with Nanyang Technological University, Singapore (NTU Singapore). The module is a closed cylinder filled with NF membrane fibres. The NF membrane allows clean water to pass through the outside of the membranes while the dirt stays behind. The membrane module has been built at NTU Singapore, which exclusively licenced its low-pressure hollow fibre nanofiltration membrane technology to De.mem last June. De.mem plans to start producing the NF membrane at its new manufacturing facility in Singapore. Once production of the membrane is replicated, it will be pilot tested at selected customer sites. Full commercial launch of the technology is planned for later this year. “The production of this first industrial standard membrane module underlines the great partnership between our company and NTU’s Singapore Membrane Technology Center (SMTC), led by Professor Wang Rong and her team. It sets a strong example of successful technology transfer from research to industry,” said De.mem CEO Andreas Kroell. “We have moved exceptionally fast in getting this technology to the manufacturing stage within less than a year of signing the licence. We thank NTU and Professor Wang for their great support.” NTU Professor Wang Rong, chair of the School of Civil and Environmental Engineering and director of the Singapore Membrane Technology Centre, said: “This industrial-sized module is the result of a successful collaboration between NTU researchers and De.mem engineers. With commercialization in mind, we are now working closely to scale up the membrane fabrication process, which will provide a strong manufacturing foundation for our made-in-Singapore nanofiltration membranes.” De.mem has recently raised A$4.5 million in an initial public offering (IPO) on the
May 2017
Filtration Company Index Ahlstrom-Munksjö Alfa Laval Andritz Atlas Copco BakerCorp BASF Calgon Carbon Ceco Environmental Citic Envirotech CP Environmental Danaher De.Mem De Nora Donaldson Emefcy Entegris Evoqua Water Technologies FLSmidth GE GE Water GEA Grundfos GUD Holdings Hydranautics Hy-Pro Indutrade ItN Nanovation ITT Koch Membrane Systems Lanxess LiqTech Mann+Hummel Merck Metso Micronics Modern Water Mogul Mycelx Technologies National Oilwell Varco Nederman Nirosoft Noble Water Technologies Oji Holdings OriginClear Outotec Pall Pall Filter Specialists Parker Hannifin Pentair Porvair RWL Water Sartorius Shaffer Products Siemens SnowPure Southern Filter Media Sulzer Summit Filter TechnipFMC Toyobo Tsukishima Kikai United Process Control Unitek Valmet Wärtsilä Watts Water Weir Xylem
14 3,14 14 4,14 6 14 5 5,12 8 12 8 2 16 5,15,16 1,12 9 13,16 12,13,14 4,14,15 13 14 5 14 12 16 14 12,14 5 13 5,14 4,13 3 14 4,9,12,14 12 5 4 13 5 10,14 1 16 15 13 14 12 12 12 2,5,10,12,14 7,14 1,12 11,14 3 14 4 12 14 3 11 14 14 12 1 14 14 14 14 5,14
Pentair to spin off US$2.1bn Electrical business
P
entair plc is planning to split into two separate, public companies, with a tax-free spinoff of its Electrical business to shareholders. The separation will create standalone Water and Electrical companies, both publicly-traded. The Water company, which had 2016 sales of around US$2.8 billion and will include the Filtration & Process, Flow Technologies and Aquatic & Environmental Systems business groups, will operate under the Pentair name. The as yet unnamed Electrical company will be home to Pentair’s Enclosures, Thermal Management and Electrical & Fastening Solutions groups. The Electrical business had sales of approximately US$2.1 billion in 2016. “We have built two strong, highperforming businesses with the operating acumen and culture to thrive as two independent companies,” said Randall Hogan, Pentair chairman and CEO. “Separating Water and Electrical to create two pure-play companies is the next logical step in the evolution of Pentair and is consistent with our strategy to continually enhance shareholder value. Both companies will have the focus, talent and flexibility to grow profitably, both organically and through acquisitions.” Hogan will retire as Pentair chairman and CEO when the separation is finalized, but will serve as chairman of Electrical. John Stauch, senior vice president and chief financial officer of Pentair, will be Water’s CEO, while Karl Frykman, president of Pentair’s Water segment, has been named Water’s chief operating officer. Pentair board member David Jones will become chairman of Water. Pentair expects to complete the separation during the second quarter of 2018. Days before the spin-off was announced, Pentair completed the sale of its Valves & Controls business to Emerson Electric Co in a US$3.15 billion deal (see Filtration Industry Analyst, August 2016).
For further information, visit www.pentair.com
2
Filtration Industry Analyst
De.mem produces its first industrial standard membrane module
S
ingapore-based wastewater treatment company De.mem Ltd has manufactured its first industrial-sized low-pressure hollow fibre nanofiltration (NF) membrane module in conjunction with Nanyang Technological University, Singapore (NTU Singapore). The module is a closed cylinder filled with NF membrane fibres. The NF membrane allows clean water to pass through the outside of the membranes while the dirt stays behind. The membrane module has been built at NTU Singapore, which exclusively licenced its low-pressure hollow fibre nanofiltration membrane technology to De.mem last June. De.mem plans to start producing the NF membrane at its new manufacturing facility in Singapore. Once production of the membrane is replicated, it will be pilot tested at selected customer sites. Full commercial launch of the technology is planned for later this year. “The production of this first industrial standard membrane module underlines the great partnership between our company and NTU’s Singapore Membrane Technology Center (SMTC), led by Professor Wang Rong and her team. It sets a strong example of successful technology transfer from research to industry,” said De.mem CEO Andreas Kroell. “We have moved exceptionally fast in getting this technology to the manufacturing stage within less than a year of signing the licence. We thank NTU and Professor Wang for their great support.” NTU Professor Wang Rong, chair of the School of Civil and Environmental Engineering and director of the Singapore Membrane Technology Centre, said: “This industrial-sized module is the result of a successful collaboration between NTU researchers and De.mem engineers. With commercialization in mind, we are now working closely to scale up the membrane fabrication process, which will provide a strong manufacturing foundation for our made-in-Singapore nanofiltration membranes.” De.mem has recently raised A$4.5 million in an initial public offering (IPO) on the
May 2017