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Mergers and Acquisitions Review 2002


Book ID
104396810
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
80 KB
Volume
2003
Category
Article
ISSN
1359-6128

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✦ Synopsis


Fourth quarter 2002

ITT Industries

Acquired the assets of PCI Membranes from Thames Water The deal should provide significant expansion opportunities for ITT (see Pump Industry Analyst, January 2003).

Industries' Sanitaire in the growing filtration and disinfection segments. Idex Acquired Wrightech Corp, a Waukesha, Wisconsin-based Wrightech will operate as part of Idex's Viking Pump business unit. manufacturer of stainless steel positive displacement pumps (see Pump Industry Analyst, December 2002). Dover Resources Sold Tarby Inc to Robbins & Myers (see Pump Industry Analyst, Claremore, Oklahoma-based Tarby makes progressing cavity pumps December 2002). and components for the general industrial and municipal wastewater markets, and has annual industrial sales of approximately US$6 million. Grundfos Acquired the rights to part of SvanehΓΈj's product range -large Grundfos will now be able to produce pumps with capacities of up in-line pumps, used in district heating and air-conditioning to 4000 cubic metres per hour equipped with motors of up to 600 (see Pump Industry Analyst, December 2002). kW. SvanehΓΈj A/S is part of Hamworthy KSE Group Ltd. Curtiss-Wright Signed an agreement with Westinghouse Government Services EMD manufactures highly engineered critical function electro-Co LLC, for the acquisition of its Electro-Mechanical Division mechanical solutions, including pumps, for the US Navy, commercial (EMD) (see Pump Industry Analyst, December 2002). nuclear power utilities, petrochemical and hazardous waste industries. EMD is the OEM for main coolant pumps and control rod drive mechanisms for 140 nuclear power plants worldwide designed by Westinghouse Electric Co. Waukesha Acquired Robert James Production, a Buffalo, New York WCB, a unit of SPX Corp, supplies component equipment including Cherry-Burrell (WCB) manufacturer of BPE and sanitary fittings (see Pump Industry positive displacement and centrifugal pumps, single seat and mix-Analyst, November 2002). proof valves, tubular fittings, and scrape surface heat exchangers. USFilter Completed the sale of its waterworks distribution business to a The US$620 million cash sale is part of USFilter's strategy to divest company jointly owned by JPMorgan Partners, and Thomas H Lee non-core assets. USFilter's waterworks distribution business supplies Partners, a Boston-based private equity firm (see Pump Industry pumps, pipes, hydrants, valves and meters through more than 140 Analyst, October 2002). sales and service centres in the US.


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