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Outotec to acquire Larox


Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
80 KB
Volume
2009
Category
Article
ISSN
1359-6128

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โœฆ Synopsis


Outotec to acquire Larox

T he Finnish mining and metallurgi- cal technology company Outotec Oyj has announced a E93 million takeover offer for Larox Corp, the industrial filter manufacturer.

Capillary Oy has informed Outotec that it will make an offer to purchase Larox's 49% stake in Larox Flowsys Oy's share capital in a deal worth approximately E3.5 million. It is expected that Larox Flowsys, which manufactures pinch valves and peristaltic pumps, will continue to use the name Larox for an agreed period. For further information, visit www.larox.com, www.outotec.com and www.larox.fi/flowsys Colfax establishes Defence Centre of Excellence in India C olfax Corp has opened a Defence Centre of Excellence (COE) in Mumbai, India to assemble and test fluid-handling systems for defence markets.

Colfax already has Defence Centres of Excellence in Tours, France, and in Warren, Massachusetts. The three locations have specialized staff, fabrication facilities and equipment tailored to meet the specific needs of the defence industry.

The Colfax Defence Solutions business offers pumps, valves and controls -including brands such as Allweiler, Fairmount Automation, Imo, Portland Valve, Tushaco and Warren -to pump fuel, lubricating oil, hydraulics, cooling water, ballast water, weapon coolants and fire-suppression liquids/chemicals. Through its Defence COEs, Colfax is able to provide custom-engineered fluidhandling solutions and "plug-and-play" modules. Colfax also provides critical testing and certification services for shock resistance, noise and vibration, and electromagnetic compatibility.

"The COE established in India, along with our existing enhanced manufacturing and other facilities, aims to provide necessary fluid-handling assembly and testing capabilities, solutions and expertise to our


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