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TI to sell sensors & controls business
news business
TI to sell sensors & controls business
Godwin Pumps donates to Red Cross
Texas Instruments (TI) Inc has agreed to sell its Sensors & Controls business to affiliates of Bain Capital, LLC, a global private equity investment firm, for US$3.0 billion in cash. Radio frequency identification (RFID) systems operations will remain part of Texas Instruments.
Godwin Pumps has reportedly made a donation to the American Red Cross (ARC) Hurricane Katrina Relief Fund. After Hurricane Katrina, Godwin employees collected supplies of water to send to New Orleans, and supplied pumps, generators, and light towers to the same area. As well as this, money donated by Godwin Pumps and its employees to the American Red Cross will provide for the ongoing relief efforts, says Laura Steinmetz, executive director of the US Red Cross.
Sensors & Controls is headquartered in Massachusetts, USA, and supplies engineered sensors and controls for the appliance, climate control, industrial, automotive, lighting, and aircraft markets. Its revenue exceeds US$1 billion annually and it employs around 5,400 people in the Americas, Europe and Asia. “Sensors & Controls is is geographically diversified with greater than 50% of its sales
As a result of the sale, “TI will intensify its focus on our highgrowth core digital signal processing and analog semiconductor opportunities, while Sensors & Controls will have greater access to the investment and strategic resources it needs to fuel its future growth,” said TI president and CEO Rich Templeton.
Furmanite acquires Flowserve’s flow management services
Siemens to build Romanian wastewater treatment plants
Furmanite has acquired Flowserve’s General Services Group (GSG), a provider of industrial flow management services, for approximately $16 million (US) in cash. According to Furmanite, GSG has a significant North American market share in third-party valve repair, as well as in third-party online services such as hot tapping and field machining. Furmanite said that the acquisition allows it to offer a broader range of maintenance, repair and refurbishment services and technologies to the oil and gas, power, chemical and other industries. “This acquisition aligns very well with our core competencies in Furmanite, and allows us to expand our footprint and our service offerings in North America, the UK and Europe as well as create tremendous potential for the future,” said Furmanite Worldwide President and CEO Jeff Chick.
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generated outside North America,” claimed Steve Zide, a managing director at Bain Capital. “We’re enthusiastic about Sensors & Controls’ future, and look forward to supporting the management team’s plan to continue the company’s growth and realize its long-term potential.”
www.worldpumps.com
Siemens’ Industrial Solutions and Services Group (I&S) is to act as general contractor of two turnkey wastewater treatment plants in the Romanian seaport of Constantza. The customer is the stateowned port authority, Maritime Ports Administration S.A. Constantza (MPAC). Siemens is to supply and install all the systems, machinery and electrical equipment for a waste-dump leakage treatment plant and a sewage treatment plant, which will treat 7,300 m2 and 815,000 m2 water per year respectively, and will also be responsible for all the construction work. The order is valued at around 6.5 million and the new plants are scheduled to start operating at the end of 2006. The biological wastewater treatment system of the plants includes a light-materials separator as well as sand and
“Godwin Pumps and the American Red Cross will help provide tangible aid to those people,” said president John Michael Paz.
active-carbon filters, and works according to the activatedsludge method with deep aeration. Water will be removed from the sludge by a chamber filter press. Siemens is also installing the complete process instrumentation as well as measuring systems for the pH value, flow rate, pressure and temperature. The measured data will serve as the basis for fully automatic control of the plants via a central control system. The wastewater treatment plants have been designed in such a way that the COD (chemical oxygen demand) of the wastewater will be reduced by around 80%. The cleaned wastewater will then comply with the emission limits for emptying into the sea. Siemens will guarantee the agreed cleaning performance as well as maximum consumption quantities of the chemicals used.
New MD for Axflow Klaus Scholten has been appointed managing director of AxFlow GmbH, Germany, from February 1, 2006, succeeding Dieter Goy who is taking on a consultancy position within the company. Mr Scholten, born in 1953, comes from Verder Deutschland GmbH in which company he has been employed since 1982, from 1991 in the position of managing director.
Sulzer Pumps to sell HVAC pump line to Grundfos Sulzer Pumps plans to sell its Paco pump business to Grundfos Group for US$23.5 million. The Paco product line, which recorded sales of about US$39 million (approximately CHF50 million) for the first 11 months in 2005, was part of an acquisition in 2004, and is involved in the heating, ventilation, and air conditioning (HVAC) market – which Sulzer says is one of its non-core activities. The main locations of the Paco pump activities are Texas, USA and Shanghai, China, and the operation has approximately 225 employees in the USA and China. Grundfos says that the company will want to remain in these locations, providing continuity for customers and employees. According to reports, the acquisition is expected to increase Grundfos’ turnover in the US market by 30%. “We are delighted that Grundfos has finally been able to make this strategic investment, which is the result of a targeted acquisition process,” said group president and CEO Jens Jørgen Madsen. “With the agreement to take over PACO Pumps, the Group also takes an important step towards an increased focus on the American market that involves establishing production facilities in Mexico, a massive expansion of our US sales force and an enhancement of its skills as well as setting up a local research and development function.”
WORLD PUMPS February 2006
TI to sell sensors & controls business
Godwin Pumps donates to Red Cross
Texas Instruments (TI) Inc has agreed to sell its Sensors & Controls business to affiliates of Bain Capital, LLC, a global private equity investment firm, for US$3.0 billion in cash. Radio frequency identification (RFID) systems operations will remain part of Texas Instruments.
Godwin Pumps has reportedly made a donation to the American Red Cross (ARC) Hurricane Katrina Relief Fund. After Hurricane Katrina, Godwin employees collected supplies of water to send to New Orleans, and supplied pumps, generators, and light towers to the same area. As well as this, money donated by Godwin Pumps and its employees to the American Red Cross will provide for the ongoing relief efforts, says Laura Steinmetz, executive director of the US Red Cross.
Sensors & Controls is headquartered in Massachusetts, USA, and supplies engineered sensors and controls for the appliance, climate control, industrial, automotive, lighting, and aircraft markets. Its revenue exceeds US$1 billion annually and it employs around 5,400 people in the Americas, Europe and Asia. “Sensors & Controls is is geographically diversified with greater than 50% of its sales
As a result of the sale, “TI will intensify its focus on our highgrowth core digital signal processing and analog semiconductor opportunities, while Sensors & Controls will have greater access to the investment and strategic resources it needs to fuel its future growth,” said TI president and CEO Rich Templeton.
Furmanite acquires Flowserve’s flow management services
Siemens to build Romanian wastewater treatment plants
Furmanite has acquired Flowserve’s General Services Group (GSG), a provider of industrial flow management services, for approximately $16 million (US) in cash. According to Furmanite, GSG has a significant North American market share in third-party valve repair, as well as in third-party online services such as hot tapping and field machining. Furmanite said that the acquisition allows it to offer a broader range of maintenance, repair and refurbishment services and technologies to the oil and gas, power, chemical and other industries. “This acquisition aligns very well with our core competencies in Furmanite, and allows us to expand our footprint and our service offerings in North America, the UK and Europe as well as create tremendous potential for the future,” said Furmanite Worldwide President and CEO Jeff Chick.
4
generated outside North America,” claimed Steve Zide, a managing director at Bain Capital. “We’re enthusiastic about Sensors & Controls’ future, and look forward to supporting the management team’s plan to continue the company’s growth and realize its long-term potential.”
www.worldpumps.com
Siemens’ Industrial Solutions and Services Group (I&S) is to act as general contractor of two turnkey wastewater treatment plants in the Romanian seaport of Constantza. The customer is the stateowned port authority, Maritime Ports Administration S.A. Constantza (MPAC). Siemens is to supply and install all the systems, machinery and electrical equipment for a waste-dump leakage treatment plant and a sewage treatment plant, which will treat 7,300 m2 and 815,000 m2 water per year respectively, and will also be responsible for all the construction work. The order is valued at around 6.5 million and the new plants are scheduled to start operating at the end of 2006. The biological wastewater treatment system of the plants includes a light-materials separator as well as sand and
“Godwin Pumps and the American Red Cross will help provide tangible aid to those people,” said president John Michael Paz.
active-carbon filters, and works according to the activatedsludge method with deep aeration. Water will be removed from the sludge by a chamber filter press. Siemens is also installing the complete process instrumentation as well as measuring systems for the pH value, flow rate, pressure and temperature. The measured data will serve as the basis for fully automatic control of the plants via a central control system. The wastewater treatment plants have been designed in such a way that the COD (chemical oxygen demand) of the wastewater will be reduced by around 80%. The cleaned wastewater will then comply with the emission limits for emptying into the sea. Siemens will guarantee the agreed cleaning performance as well as maximum consumption quantities of the chemicals used.
New MD for Axflow Klaus Scholten has been appointed managing director of AxFlow GmbH, Germany, from February 1, 2006, succeeding Dieter Goy who is taking on a consultancy position within the company. Mr Scholten, born in 1953, comes from Verder Deutschland GmbH in which company he has been employed since 1982, from 1991 in the position of managing director.
Sulzer Pumps to sell HVAC pump line to Grundfos Sulzer Pumps plans to sell its Paco pump business to Grundfos Group for US$23.5 million. The Paco product line, which recorded sales of about US$39 million (approximately CHF50 million) for the first 11 months in 2005, was part of an acquisition in 2004, and is involved in the heating, ventilation, and air conditioning (HVAC) market – which Sulzer says is one of its non-core activities. The main locations of the Paco pump activities are Texas, USA and Shanghai, China, and the operation has approximately 225 employees in the USA and China. Grundfos says that the company will want to remain in these locations, providing continuity for customers and employees. According to reports, the acquisition is expected to increase Grundfos’ turnover in the US market by 30%. “We are delighted that Grundfos has finally been able to make this strategic investment, which is the result of a targeted acquisition process,” said group president and CEO Jens Jørgen Madsen. “With the agreement to take over PACO Pumps, the Group also takes an important step towards an increased focus on the American market that involves establishing production facilities in Mexico, a massive expansion of our US sales force and an enhancement of its skills as well as setting up a local research and development function.”
WORLD PUMPS February 2006