- Email: [email protected]
Smiths Group to divest artificial lift business
NEWS
Smiths Group to divest artificial lift business
S
miths Group plc is selling its artificial lift business to Endurance Lift Solutions LLC in a US$39.5 million deal. Artificial Lift, part of Smiths Group’s John Crane division, sells products and services, principally sucker rods, for onshore upstream oil and gas customers in the US and Romania. For the unaudited year ended 31 July 2016, the business and assets subject to the transaction had combined revenues of US$53.4 million and an operating loss before certain non-recurring items of US$10.1 million. The management team will transfer with the business. Andy Reynolds Smith, chief executive of Smiths Group, said: “This disposal demonstrates our ongoing commitment to increasingly focus our portfolio on building technology differentiated leadership positions in our chosen markets. The capital released from this transaction will be reinvested in attractive growth opportunities, whilst allowing the Artificial Lift business to progress under different ownership.” The transaction is expected to close by the end of the calendar year.
For further information, visit www.johncrane.com and www.smiths.com
AxFlow acquires Swiss pump distributor W Moser
I
ndustrial fluid handling equipment distributor AxFlow has extended its product portfolio and market coverage in Switzerland with the acquisition of W Moser AG. Headquartered in Winterthur, W Moser provides industrial pumps and cooling towers, spare parts and accessories to customers throughout Switzerland from its warehouse and central repair shop. In recent years, on-site repair and maintenance services have become an increasingly important part of W Moser’s business. “W Moser is a solid, well-respected provider of industrial fluid handling equipment, cooling systems and related services to the pharmaceutical, chemical and general industry 16
Pump Industry Analyst
in Switzerland. The company has a strong market position in positive displacement pumps, especially AODD pumps from Sandpiper, Warren Rupp IDEX. Similarly, AxFlow in Switzerland has built a very strong product offering towards the food and beverage industry. Together we strengthen our offering to the Swiss market significantly. W Moser is a strategically important addition to our business and one that fits very well into the overall growth ambitions of AxFlow in Europe,” said Ole Weiner, CEO of AxFlow. AxFlow has had an operation in Switzerland since 2001. Michael Hartmann, managing director and former owner of W Moser AG, expects many benefits from the acquisition. “AxFlow’s global resources, expertise and supplier network combined with strong, knowledgeable local representation ensure that customers can be provided the best fit for their needs. We very much look forward to contributing with our expertise, experience and relations to help build an even more attractive joint operation and offering to customers in Switzerland,” said Hartmann. For further information, visit www.axflow.com and www.wmoserag.ch
CRI Pumps moves into global wastewater market
F
ollowing its 2014 acquisition of Fabbrica Italiana Pompe Sommergibili Srl (FIPS), India’s CRI Pumps is launching a range of sewage and wastewater pump solutions using Italian technology. The range includes sewage pumps, drainage pumps, mixers, agitators, aerators, auto couplings and accessories. CRI Pumps will provide complete wastewater solutions to handle raw water, sewage, effluent, storm water and processed water in municipal, utility and industrial applications. Announcing the launch of the wastewater pumps, G Soundararajan, vice chairman of the CRI Group, said CRI’s seven foreign subsidiary companies, 32 branches in India and the company’s strong distribution network in 120 countries will greatly help to market these products.
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] Executive Publisher: Laney Priestley Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Prices: 1506 for all European countries & Iran US$1689 for all countries except Europe and Japan ¥200 300 for Japan Subscriptions run for 12 months, from the date payment is received. More information: http://store.elsevier.com/product.jsp?isbn=13596128 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 ‘General 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 advances 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
For further information, visit http://global.crigroups.com and www.fips-pumps.it
September 2016
Smiths Group to divest artificial lift business
S
miths Group plc is selling its artificial lift business to Endurance Lift Solutions LLC in a US$39.5 million deal. Artificial Lift, part of Smiths Group’s John Crane division, sells products and services, principally sucker rods, for onshore upstream oil and gas customers in the US and Romania. For the unaudited year ended 31 July 2016, the business and assets subject to the transaction had combined revenues of US$53.4 million and an operating loss before certain non-recurring items of US$10.1 million. The management team will transfer with the business. Andy Reynolds Smith, chief executive of Smiths Group, said: “This disposal demonstrates our ongoing commitment to increasingly focus our portfolio on building technology differentiated leadership positions in our chosen markets. The capital released from this transaction will be reinvested in attractive growth opportunities, whilst allowing the Artificial Lift business to progress under different ownership.” The transaction is expected to close by the end of the calendar year.
For further information, visit www.johncrane.com and www.smiths.com
AxFlow acquires Swiss pump distributor W Moser
I
ndustrial fluid handling equipment distributor AxFlow has extended its product portfolio and market coverage in Switzerland with the acquisition of W Moser AG. Headquartered in Winterthur, W Moser provides industrial pumps and cooling towers, spare parts and accessories to customers throughout Switzerland from its warehouse and central repair shop. In recent years, on-site repair and maintenance services have become an increasingly important part of W Moser’s business. “W Moser is a solid, well-respected provider of industrial fluid handling equipment, cooling systems and related services to the pharmaceutical, chemical and general industry 16
Pump Industry Analyst
in Switzerland. The company has a strong market position in positive displacement pumps, especially AODD pumps from Sandpiper, Warren Rupp IDEX. Similarly, AxFlow in Switzerland has built a very strong product offering towards the food and beverage industry. Together we strengthen our offering to the Swiss market significantly. W Moser is a strategically important addition to our business and one that fits very well into the overall growth ambitions of AxFlow in Europe,” said Ole Weiner, CEO of AxFlow. AxFlow has had an operation in Switzerland since 2001. Michael Hartmann, managing director and former owner of W Moser AG, expects many benefits from the acquisition. “AxFlow’s global resources, expertise and supplier network combined with strong, knowledgeable local representation ensure that customers can be provided the best fit for their needs. We very much look forward to contributing with our expertise, experience and relations to help build an even more attractive joint operation and offering to customers in Switzerland,” said Hartmann. For further information, visit www.axflow.com and www.wmoserag.ch
CRI Pumps moves into global wastewater market
F
ollowing its 2014 acquisition of Fabbrica Italiana Pompe Sommergibili Srl (FIPS), India’s CRI Pumps is launching a range of sewage and wastewater pump solutions using Italian technology. The range includes sewage pumps, drainage pumps, mixers, agitators, aerators, auto couplings and accessories. CRI Pumps will provide complete wastewater solutions to handle raw water, sewage, effluent, storm water and processed water in municipal, utility and industrial applications. Announcing the launch of the wastewater pumps, G Soundararajan, vice chairman of the CRI Group, said CRI’s seven foreign subsidiary companies, 32 branches in India and the company’s strong distribution network in 120 countries will greatly help to market these products.
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] Executive Publisher: Laney Priestley Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Prices: 1506 for all European countries & Iran US$1689 for all countries except Europe and Japan ¥200 300 for Japan Subscriptions run for 12 months, from the date payment is received. More information: http://store.elsevier.com/product.jsp?isbn=13596128 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 ‘General 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 advances 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
For further information, visit http://global.crigroups.com and www.fips-pumps.it
September 2016