12Pump Industry Analyst September 2013

NEWS

Pioneer Pump Solutions acquires UK rental company

Franklin Electric Co Inc’s Pioneer Pump Solutions Ltd has bought

Performance Pump and Equipment Co Ltd in a £1.5 million cash deal.

Performance Pump provides a range of rental alternatives using tailored pump solutions from 2” to 12” bore configurations for mining, municipal, dewatering and industrial applications. Headquartered in Stowmarket, Suffolk, Performance Pump operates depots in Wigan, Somerset and Petersfield, UK. The company had sales of approximately £1.5 million in calendar year 2012.

Franklin Electric believes Performance Pump provides additional assets, customer relationships and market knowledge that enhance the Pioneer Pump Solutions operation in the UK.

Pioneer Pump Solutions chairman Dennis Mitchell said: “Pioneer Pump Solutions is committed to providing 24/7 pump hire and support to our growing list of customers in the UK. The addition of Performance Pump gives us a broader geographical base to service the needs of our customers.”

The Pioneer Pump Solutions specialist pump hire business serves the mining, construction and utilities markets from locations in Ipswich, Nottingham and Cardiff.

For further information, visit www.pioneer-hire.co.uk

and www.performancepumps.co.uk

Pentair plans manufacturing JV in Saudi Arabia

Pentair Ltd is setting up a joint venture with Saudi Arabia’s

Ali Abdullah Al Tamimi Co to manufacture, sell and service Pentair’s products in the country.

“We are committed to local manufacturing in this region, which not only creates jobs and economic benefits, but offers greater efficiencies for customers and opportunities for collaboration,” said Ramesh Nuggihalli, vice president and managing director for Pentair in the Middle East.

“We are pleased to be further extending our relationships with Pentair,” said Sulaiman Alrumaih, vice president of Power and Industrial for the Ali Abdullah Al Tamimi. “Our combined strength will help serve the growing needs of the energy and water sectors. Pentair’s proven operating processes are an excellent foundation to accelerate a strong manufacturing base in the Kingdom.”

Pentair currently has more than 1200 employees in Saudi Arabia/Middle East, including manufacturing and office facilities.

For further information, visit pentair.com and www.

al-tamimi.com

Flowserve expands Aberdeen Quick Response Center

Flowserve Corp has opened a new and expanded Quick Response

Center (QRC) in Aberdeen, Scotland to service rotating equipment for pump and seal customers in the upstream oil and gas, general industrial and power industries.

Located less than a mile from the old facility, the new 1400 sq m Aberdeen QRC is three times bigger than the previous one. It has an eight-ton lifting capacity, compared with a three-ton capacity in the old QRC and is more flexible in terms of the size and types of pumps it can handle. Flowserve says that the added space will also allow for additional staffing to meet the growing need for pump and mechanical seal repairs and offshore field service.

“We expanded the Aberdeen QRC because our growing level of business in the region demanded it,” explained Kirk Wilson, president of Flowserve’s services and solutions operations. “The new facility not only increases our capability to provide premium local services to our UK and North Sea offshore customers, but it also allows us to help them reduce the total cost of ownership for their rotating equipment.”

The Aberdeen QRC offers off-site maintenance and repair services; product overhauls, re-rates and upgrades; on-site installation, commissioning and repairs for all rotating equipment, regardless of the original equipment manufacturer; as well as educational services. It is a green facility with its own geothermal system consisting of underground heating throughout the office,

workshop and yard as well as solar heating and a rainwater recovery system.

Flowserve has a growing footprint of aftermarket service centres located near key customers around the world.

For further information, visit www.flowserve.com

Edwards purchases Gamma Vacuum

Edwards Group Ltd has entered into a definitive agreement to

acquire US ultra-high vacuum (UHV) pump manufacturer Gamma Vacuum.

Founded in 2003, Gamma specialises in the manufacture and distribution of ion and titanium sublimation pumps. Gamma’s UHV pumps are used in applications mainly in the R&D sector. The company has a customer base of more than 350, mainly in the US, Europe and Japan, and had 2012 revenues of more than US$9 million.

The two founders of Gamma will remain with the business under Edwards ownership and manufacturing will continue at the company’s facility in Shakopee, Minnesota.

Edwards CEO Jim Gentilcore said: “We are delighted to welcome Dan Wetterlin, Tony Wynohrad and the rest of the Gamma team to Edwards. They have an enviable reputation and strong technical know-how in a vacuum segment that we have been interested in for some time. We see significant opportunities to help develop the Gamma brand and their global presence.”

Edwards is currently being acquired by Atlas Copco (see Pump Industry Analyst, August 2013).

For further information, visit www.edwardsvacuum.

com and www.gammavacuum.com

Oerlikon Leybold Vacuum opens new sales and service centre in Brazil

Oerlikon Leybold Vacuum has opened a new office in Jundiai,

Sao Paulo, Brazil.“We continue to invest proactively in

our regional markets,” said Dr Martin

September 2013 Pump Industry Analyst13

Füllenbach, CEO of Oerlikon Leybold Vacuum. “We believe in the growing demands of the emerging markets and the development of Brazil necessitates a closer and optimized customer-centered approach.”

Oerlikon Leybold Vacuum has been present in the Brazilian market for a number of years through distributors and agents.

The new Jundiai location will operate as a local sales and service centre.

For further information, visit www.oerlikon.com/

leyboldvacuum

Lindsay acquires LAKOS

Irrigation systems manufacturer Lindsay Corp has completed the

acquisition of Claude Laval Corp which is also known as LAKOS Separators and Filtration Solutions.

Headquartered in Fresno, California, USA, LAKOS is a privately-held company that has been in business since 1972. The company provides filtration solutions for groundwater, agriculture, industrial and heat transfer markets worldwide. LAKOS has around 125 employees and annual revenues of US$25 million–30 million.

Rick Parod, Lindsay’s president and CEO said: “This represents a key strategic addition to the Lindsay Corporation portfolio of companies and is an important expansion of our ‘water use efficiencies’ capabilities. LAKOS type separators are used in water-supply projects we are involved in today and can be integrated with Lindsay’s Watertronics pump stations. Additionally, their media tank filters are used in irrigation applications, recognized for their quality, throughout the world.”

For further information, visit www.lakos.com and

www.lindsay.com

Layne Christensen relocates HQ to Houston

Layne Christensen Co has completed the move into its new,

permanent corporate headquarters in The Woodlands suburb of Houston, Texas, USA (see Pump Industry Analyst, January 2013).

The company was previously headquartered in Mission Woods, Kansas.

Rene Robichaud, CEO of Layne Christensen, said: “This move unifies our corporate and divisional leadership into one location, allowing us to enhance collaboration and innovation across divisional, functional, and geographic lines.”

For further information, visit www.layne.com

Norris Production Solutions buys SPIRIT

Dover Corp’s Norris Production Solutions (NPS) has acquired SPIRIT

Global Energy Solutions, a supplier of artificial lift tools and technology to oil and gas producers worldwide.

The Midland, Texas-based company also develops production optimization solutions for rod-pumped wells and offers training in rod pumping and pump-off control technology.

“The SPIRIT acquisition extends NPS’ market and technology leadership in rod pumping and accelerates our participation in the fast-growing automation segment of artificial lift. We’re excited to add this premium brand to our lineup of products, and in doing so, enhance our ability to meet our customers’ end-to-end artificial lift requirements,” said NPS president Dan Newman.

For further information, visit www.

spiritenergysolutions.com, www.npsdover.com and

www.dovercorporation.com

NEWS/DIVIDENDS

Dividends

CECO Environmental Corp’s board of directors has declared a quarterly cash dividend of US$0.05 per share. The dividend will be paid on 30 September 2013 to shareholders of record on 16 September 2013. CECO Environmental recently acquired Met-Pro Corp (see Pump Industry Analyst, August 2013).

www.cecoenviro.comRoper Industries Inc’s board has approved a dividend of US$0.165 per share which will be payable on 25 October 2013 to stockholders of record on 11 October 2013.

www.roperind.comGraco Inc’s regular quarterly dividend of US$0.25 per common share will be payable on 6 November 2013, to shareholders of record on 21 October 2013. The company has approximately 61.3 million shares outstanding.

www.graco.comIDEX Corp quarterly

cash dividend of US$0.23 per common share will be paid on 31 October 2013 to shareholders of record on 15 October 2013. This will be IDEX’s 76th consecutive regular quarterly cash dividend payment.

www.idexcorp.comWeir board is recommending an

interim dividend of 8.8p, up 10% on last year. The dividend will be paid on 1 November 2013 to shareholders on the Weir register on 4 October 2013.

www.weir.co.ukBuffalo Pumps parent company Ampco-Pittsburgh Corp will pay its regular quarterly US$0.18 per share dividend on 31 October 2013 to shareholders of record on 15 October 2013.

www.ampcopgh.comCurtiss-Wright

Corp common stock will be paid on 18 October 2013 to stockholders of record on 7 October 2013.

www.curtisswright.com