SPX Corp’s Flow Technology segment has won two contracts, together worth US$40 million, to supply ClydeUnion-branded pumps for two offshore oil production platforms being built in the North Sea. The first contract covers six ClydeUnion pumps, including two large, high-pressure water injection pumps, two water injection booster pumps and two diluent pumps. Under the second
Amarinth awarded Technology Strategy Board grant to develop energy efficient centrifugal molten sulphur pump Amarinth, a company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the Oil & Gas, petrochemical, chemical and industrial markets, has been awarded a £250,000 grant from the UK’s innovation agency, the Technology Strategy Board
Date: Friday, September 02, 2011 Clyde Blowers Capital is selling ClydeUnion Pumps to SPX Corp for a headline price of £750 million. This includes £700 million in cash at deal completion and £50 million subject to an earnout agreement dependant on future performance. With projected 2011 revenues of £400 million, ClydeUnion Pumps operates eight manufacturing facilities and 25
KSB Reports Growth in Emerging Economies and in Its General Business Date: Tuesday, August 23, 2011 The KSB Group increased its order intake by 6.4 percent in the first half of the year to € 1,067.6 million, as shown in its half-year financial report. The pump and valve manufacturer profited from a rebound in its general
Date: Friday, July 22, 2011 ITT Corporation’s water technology and services business will be named Xylem when it becomes a standalone company later this year. Xylem, derived from classical Greek, is the tissue that transports water in plants. ITT says that Xylem highlights the engineering efficiency of the water-centric business by linking it with the best
