Flowserve sold $186mln-worth Gestra AG to Spirax-Sarco
Flowserve Corporation announced it has entered into a conditional sale and purchase agreement to sell its Gestra AG business unit to Spirax-Sarco Engineering …
M&A
Hunt Valve expands in actuators business with Precision Technology acquisition
May River Capital and Hunt Valve Company have purchased the assets of Precision Technology, a severe duty, solutions-based designer, manufacturer and supplier …
Parker Hannifin acquired Clarcor for $4.3bln
Parker Hannifin Corporation and CLARCOR Inc., today announced that the companies have entered into a definitive agreement under which Parker will acquire …
FCX Performance made the fourth acquisition in six months
Flow control products distributor FCX Performance announced Friday that it has acquired Michigan-based Renew Valve & Machine Co. and its Cleveland, …
Pentair announces acquisition of Union Engineering
Pentair plc announced that it has completed the acquisition of Union Engineering A/S, headquartered in Fredericia, Denmark. Union Engineering specializes in …
South Africa’s Gunric Valves acquired by AVK
AVK Holding Southern Africa confirmed that on the 27th December 2016, it acquired the assets, IP and brand name of Gunric Valves. AVK Holding South Africa will …
The Cavagna Group has purchased the assets of DVR
The Cavagna Group has finalized the acquisition of a business line of LPG valves and regulators by purchasing DVR’s assets, a Turkish privately owned company …
Shell exits third Saudi project after ending Sabic venture
Saudi Basic Industries Corp. agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in a petrochemical joint venture for $820 million, marking the third …
ExxonMobil to acquire companies doubling Permian Basin resource to 6 billion barrels
Exxon Mobil Corporation said it will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies …
A giant is born as FMC and Technip combine
Texas and France came together Tuesday as FMC Technologies of Houston and Technip of Paris completed their merger, creating the world’s largest offshore …