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Technip, FMC Technologies sign business combination agreement
IN BRIEF/NEWS
In Brief • GEA has donated €25 000 to a project started by German aid organisation UNO-Flüchtlingshilfe (UN Refugee Relief ) to protect Syrian child refugees in Jordan. The UNHCR-backed project aims to supply Syrian refugee families with their basic needs and to allow child refugees to attend school. “The financial support for families not only allows necessary educational materials to be purchased, it is also a vital step towards effectively fighting child labour because it helps ensure that children no longer have to contribute to the family income,” said Jürg Oleas, chairman of GEA’s executive board. www.gea.com • Privately-held pressure pumping company Liberty Oilfield Services has completed its acquisition of Sanjel Corp’s US assets. With the transaction, Liberty has expanded its operating presence to cover the Permian and Eagle Ford basins in addition to its current operations in the Williston, Powder River and DJ basins. www.libertyfrac.com • Alberta Investment Management Corp (AIMCo) has entered into a strategic financing relationship with Calfrac Well Service, an Alberta, Canada-based pressure pumping services provider, on behalf of certain of its clients. www.aimco.alberta.ca and www.calfrac.com • Idex Corp has completed a note purchase agreement for the private placement of US$200 million of senior notes to institutional investors. The pump maker intends to use the net proceeds from the offering to reduce outstanding borrowings under its revolving credit facility and for other general corporate purposes. www.idexcorp.com • Distributor NOW Inc has completed its acquisition of Power Service (see Pump Industry Analyst, May 2016). Robert Workman, president and CEO of NOW Inc, said: “We are excited about the many new packaged products and solutions DNOW will be able to offer our customers, including the expansion of product lines for our Odessa Pumps business and growing our valve actuation solutions offering.” www.distributionnow.com
12
Pump Industry Analyst
Eureka partners with Caprari in Norway
DESMI opens office in Sweden
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ureka Pumps AS and Caprari SpA have formed a new distributor partnership for Norway. Eureka Pumps has been appointed as an authorised distributor of the Caprari brand of pumps, submersible motors and spare parts within the Norwegian market. The company will also handle installation, commissioning and repairs. The partnership will strengthen Eureka’s position in the municipal and industrial water and wastewater markets.
For further information, visit www.eureka.no and www.caprari.com
Technip, FMC Technologies sign business combination agreement
T
echnip and FMC Technologies Inc have executed a business combination agreement (BCA) regarding their proposed merger (see Pump Industry Analyst, May 2016). With the signing of the BCA, we have reached an important milestone paving the way to building a unique offering, driving change by redefining the production and transformation in the oil and gas industry,” said Thierry Pilenko, Technip chairman and CEO, who will serve as executive chairman of the combined company, TechnipFMC. Doug Pferdehirt, president and chief operating officer of FMC Technologies, who will become CEO of TechnipFMC, added: “The combination of FMC Technologies and Technip is an exciting opportunity for both companies to shape the future of the oil and gas industry by accelerating technology innovation, integrating and improving project execution and reducing costs for customers. Having concluded the consultation process so quickly is a testament to the logic and strategic rationale of this merger.” The transaction is expected to close in early 2017. For further information, visit www.technip.com and www.fmctechnologies.com
ESMI has set up a new Swedish office in Gävle, north of Stockholm. ”We have sold our solutions through distributors and directly from our company in Denmark for several years, but we want to be closer to our customers and share our expert knowledge and competences within district heating and district cooling etc. with them,” explained Henrik Ottesen, managing director of DESMI Danmark A/S. “Sweden is our close neighbour and the Swedish construction activity is steadily increasing, so we consider it an obvious market to pursue our ambitions to grow on new markets.” DESMI has subsidiaries in 17 countries worldwide. For further information, visit www.desmi.com
LDT Dosiertechnik invests in new Hamburg facility
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erman dosing pump specialist LDT Dosiertechnik GmbH has moved to a new facility in Hamburg with a larger workshop area and extended storage capacity. The new facility is close to Hamburg Airport and to LDT Dosiertechnik’s logistics partners, and will help the company to shorten customer delivery times. LDT Dosiertechnik, which celebrates its 25th anniversary this year, offers a range of metering pumps from manufacturers including Dosatron, Iwaki, DOSEURO and Etatron. For further information, visit www.ldt.info
Hertz board approves separation
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he board of directors of Hertz Global Holdings Inc has approved the separation of its car rental and equipment rental businesses (see Pump Industry Analyst, March 2014).
June 2016
In Brief • GEA has donated €25 000 to a project started by German aid organisation UNO-Flüchtlingshilfe (UN Refugee Relief ) to protect Syrian child refugees in Jordan. The UNHCR-backed project aims to supply Syrian refugee families with their basic needs and to allow child refugees to attend school. “The financial support for families not only allows necessary educational materials to be purchased, it is also a vital step towards effectively fighting child labour because it helps ensure that children no longer have to contribute to the family income,” said Jürg Oleas, chairman of GEA’s executive board. www.gea.com • Privately-held pressure pumping company Liberty Oilfield Services has completed its acquisition of Sanjel Corp’s US assets. With the transaction, Liberty has expanded its operating presence to cover the Permian and Eagle Ford basins in addition to its current operations in the Williston, Powder River and DJ basins. www.libertyfrac.com • Alberta Investment Management Corp (AIMCo) has entered into a strategic financing relationship with Calfrac Well Service, an Alberta, Canada-based pressure pumping services provider, on behalf of certain of its clients. www.aimco.alberta.ca and www.calfrac.com • Idex Corp has completed a note purchase agreement for the private placement of US$200 million of senior notes to institutional investors. The pump maker intends to use the net proceeds from the offering to reduce outstanding borrowings under its revolving credit facility and for other general corporate purposes. www.idexcorp.com • Distributor NOW Inc has completed its acquisition of Power Service (see Pump Industry Analyst, May 2016). Robert Workman, president and CEO of NOW Inc, said: “We are excited about the many new packaged products and solutions DNOW will be able to offer our customers, including the expansion of product lines for our Odessa Pumps business and growing our valve actuation solutions offering.” www.distributionnow.com
12
Pump Industry Analyst
Eureka partners with Caprari in Norway
DESMI opens office in Sweden
E
D
ureka Pumps AS and Caprari SpA have formed a new distributor partnership for Norway. Eureka Pumps has been appointed as an authorised distributor of the Caprari brand of pumps, submersible motors and spare parts within the Norwegian market. The company will also handle installation, commissioning and repairs. The partnership will strengthen Eureka’s position in the municipal and industrial water and wastewater markets.
For further information, visit www.eureka.no and www.caprari.com
Technip, FMC Technologies sign business combination agreement
T
echnip and FMC Technologies Inc have executed a business combination agreement (BCA) regarding their proposed merger (see Pump Industry Analyst, May 2016). With the signing of the BCA, we have reached an important milestone paving the way to building a unique offering, driving change by redefining the production and transformation in the oil and gas industry,” said Thierry Pilenko, Technip chairman and CEO, who will serve as executive chairman of the combined company, TechnipFMC. Doug Pferdehirt, president and chief operating officer of FMC Technologies, who will become CEO of TechnipFMC, added: “The combination of FMC Technologies and Technip is an exciting opportunity for both companies to shape the future of the oil and gas industry by accelerating technology innovation, integrating and improving project execution and reducing costs for customers. Having concluded the consultation process so quickly is a testament to the logic and strategic rationale of this merger.” The transaction is expected to close in early 2017. For further information, visit www.technip.com and www.fmctechnologies.com
ESMI has set up a new Swedish office in Gävle, north of Stockholm. ”We have sold our solutions through distributors and directly from our company in Denmark for several years, but we want to be closer to our customers and share our expert knowledge and competences within district heating and district cooling etc. with them,” explained Henrik Ottesen, managing director of DESMI Danmark A/S. “Sweden is our close neighbour and the Swedish construction activity is steadily increasing, so we consider it an obvious market to pursue our ambitions to grow on new markets.” DESMI has subsidiaries in 17 countries worldwide. For further information, visit www.desmi.com
LDT Dosiertechnik invests in new Hamburg facility
G
erman dosing pump specialist LDT Dosiertechnik GmbH has moved to a new facility in Hamburg with a larger workshop area and extended storage capacity. The new facility is close to Hamburg Airport and to LDT Dosiertechnik’s logistics partners, and will help the company to shorten customer delivery times. LDT Dosiertechnik, which celebrates its 25th anniversary this year, offers a range of metering pumps from manufacturers including Dosatron, Iwaki, DOSEURO and Etatron. For further information, visit www.ldt.info
Hertz board approves separation
T
he board of directors of Hertz Global Holdings Inc has approved the separation of its car rental and equipment rental businesses (see Pump Industry Analyst, March 2014).
June 2016