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Sulzer to acquire majority of Saudi Pump Factory
2
Business news
WORLD PUMPS
March 2014
Sulzer to acquire majority Caprari takes 50% stake of Saudi Pump Factory in Turkish pump maker Sulzer is to purchase a 75% interest in Saudi Pump Factory in a CHF33 million deal. Saudi Pump Factory, located in Riyadh, Saudi Arabia, produces centrifugal pumps to API and ASME standard. The pump company had sales of CHF25 million in 2012 and employs 170 people. Sulzer plans to set up a local production joint venture Sulzer Saudi Pump Co (SSPC).
Saudi Pump Factory’s 25 000 m² facility in Riyadh will be part of Sulzer’s global manufacturing network, focusing on the oil and gas, power and water markets. A pump test facility is also available.
Italy’s Caprari SpA has entered into a strategic joint venture agreement with Polmot Motor Makina AS, acquiring 50% of the Turkish submersible borehole motor and pump manufacturer’s capital.
This acquisition, which is expected to close in the second quarter of 2014, is in line with Sulzer’s focus on the oil and gas, power and water markets.
Through its POLDAP brand, Polmot is one of the largest manufacturers of submersible borehole motors
www.sulzer.com www.saudi-pump.com
New regional structure for Pump Solutions Group Dover Corp’s Pump Solutions Group (PSG) has put a new organisational structure in place based on three regions: the Americas; Europe, Middle East and Africa (EMEA); and Asia. Karl Buscher, previously senior vice president, PSG Commercial, will serve as the new president of PSG Americas. PSG Europe president Ueli Thuerig will be the new president of PSG EMEA. David Wang, vice president of sales and business development, Asia-Pacific, will become president of PSG Asia. PSG says that the changes are designed to meet future demands of scale, accountability and growth, both organic and acquired. Despite the restructuring, PSG’s “Go to Market” strategy will continue to be based on satisfying the needs of its customers within its core vertical market segments, including energy, chemical, hygienic and polymers. A number of
www.worldpumps.com
internal functions, such as human resources, marketing and mergers and acquisitions, will continue to support all regional areas. “To continue to grow and expand, and meet our goal of becoming a US$1 billion-plus flow control solutions platform, PSG’s organizational structure needs to evolve and transform itself to effectively manage future scale and growth,” said PSG president Dean Douglas. “As we move forward, I am confident this structure will enhance our speed of business, response time and the decision-making process within each region to better serve our business partners and customers. The decision to create a regionally focused corporate structure will serve to make us more competitive globally while also helping foster customer intimacy and positioning our brands locally within the specific regions.” www.psgdover.com
and pumps in Turkey. Pump products include plastic impeller pumps, cast iron pumps and stainless steel pumps. Polmot is based in Konya, in Turkey's Central Anatolia region. www.caprari.com www.polmot.com.tr
Someflu wins €2.7mn order from phosphate industry France’s Someflu SAS has secured a €2.7 million order to supply 72 corrosion resistant centrifugal plastic pumps for the phosphate industry. The first of four deliveries was shipped in December 2013, with the next planned for March 2014.
Someflu has specialised in the manufacture of corrosion resistant centrifugal pumps made of plastic (PP, PE, PVDF, UHMW-PE and PFA) for more than 50 years. The Someflu pumps are used to handle corrosive and abrasive fluids. www.someflu.com
GE forms new downstream business GE Oil & Gas has launched its new Downstream Technology Solutions business to supply equipment and services more efficiently to the US$10 billion refining, petrochemical, industrial and distributed gas segments. Headquartered in Houston, Downstream Technology Solutions offers multiple downstream technologies and services including steam turbines, blowers, distributed gas solutions, reciprocating compressors, pumps, valves and distribution systems. The business also provides maintenance services and
remote monitoring and diagnostics. “By launching our new Downstream Technology Solutions business, GE can help our customers optimise their operations and accelerate their own growth in this opportunity-filled sector,” said Lorenzo Simonelli, president and CEO of GE Oil & Gas. “The new business also positions GE to more effectively focus on key downstream industry trends and to better anticipate customer needs.” www.ge-energy.com
Business news
WORLD PUMPS
March 2014
Sulzer to acquire majority Caprari takes 50% stake of Saudi Pump Factory in Turkish pump maker Sulzer is to purchase a 75% interest in Saudi Pump Factory in a CHF33 million deal. Saudi Pump Factory, located in Riyadh, Saudi Arabia, produces centrifugal pumps to API and ASME standard. The pump company had sales of CHF25 million in 2012 and employs 170 people. Sulzer plans to set up a local production joint venture Sulzer Saudi Pump Co (SSPC).
Saudi Pump Factory’s 25 000 m² facility in Riyadh will be part of Sulzer’s global manufacturing network, focusing on the oil and gas, power and water markets. A pump test facility is also available.
Italy’s Caprari SpA has entered into a strategic joint venture agreement with Polmot Motor Makina AS, acquiring 50% of the Turkish submersible borehole motor and pump manufacturer’s capital.
This acquisition, which is expected to close in the second quarter of 2014, is in line with Sulzer’s focus on the oil and gas, power and water markets.
Through its POLDAP brand, Polmot is one of the largest manufacturers of submersible borehole motors
www.sulzer.com www.saudi-pump.com
New regional structure for Pump Solutions Group Dover Corp’s Pump Solutions Group (PSG) has put a new organisational structure in place based on three regions: the Americas; Europe, Middle East and Africa (EMEA); and Asia. Karl Buscher, previously senior vice president, PSG Commercial, will serve as the new president of PSG Americas. PSG Europe president Ueli Thuerig will be the new president of PSG EMEA. David Wang, vice president of sales and business development, Asia-Pacific, will become president of PSG Asia. PSG says that the changes are designed to meet future demands of scale, accountability and growth, both organic and acquired. Despite the restructuring, PSG’s “Go to Market” strategy will continue to be based on satisfying the needs of its customers within its core vertical market segments, including energy, chemical, hygienic and polymers. A number of
www.worldpumps.com
internal functions, such as human resources, marketing and mergers and acquisitions, will continue to support all regional areas. “To continue to grow and expand, and meet our goal of becoming a US$1 billion-plus flow control solutions platform, PSG’s organizational structure needs to evolve and transform itself to effectively manage future scale and growth,” said PSG president Dean Douglas. “As we move forward, I am confident this structure will enhance our speed of business, response time and the decision-making process within each region to better serve our business partners and customers. The decision to create a regionally focused corporate structure will serve to make us more competitive globally while also helping foster customer intimacy and positioning our brands locally within the specific regions.” www.psgdover.com
and pumps in Turkey. Pump products include plastic impeller pumps, cast iron pumps and stainless steel pumps. Polmot is based in Konya, in Turkey's Central Anatolia region. www.caprari.com www.polmot.com.tr
Someflu wins €2.7mn order from phosphate industry France’s Someflu SAS has secured a €2.7 million order to supply 72 corrosion resistant centrifugal plastic pumps for the phosphate industry. The first of four deliveries was shipped in December 2013, with the next planned for March 2014.
Someflu has specialised in the manufacture of corrosion resistant centrifugal pumps made of plastic (PP, PE, PVDF, UHMW-PE and PFA) for more than 50 years. The Someflu pumps are used to handle corrosive and abrasive fluids. www.someflu.com
GE forms new downstream business GE Oil & Gas has launched its new Downstream Technology Solutions business to supply equipment and services more efficiently to the US$10 billion refining, petrochemical, industrial and distributed gas segments. Headquartered in Houston, Downstream Technology Solutions offers multiple downstream technologies and services including steam turbines, blowers, distributed gas solutions, reciprocating compressors, pumps, valves and distribution systems. The business also provides maintenance services and
remote monitoring and diagnostics. “By launching our new Downstream Technology Solutions business, GE can help our customers optimise their operations and accelerate their own growth in this opportunity-filled sector,” said Lorenzo Simonelli, president and CEO of GE Oil & Gas. “The new business also positions GE to more effectively focus on key downstream industry trends and to better anticipate customer needs.” www.ge-energy.com