Festo acquired Seitz production division
By taking over the Swiss company Seitz product division, Festo is entering the worldwide marketing of solenoid valves with ex-protection for the highest safety …
M&A
Technip/FMC merger approved by EU antitrust board
FMC Technologies and Technip have announced that the companies have received a clearance decision from the European Commission about their merger, according to …
Valvitalia acquires Nuova Giungas
Valvitalia has signed the contract for the acquisition of 100% of Nuova Giungas, manufacturer of monolithic isolation joints intended for pipelines. Nuova …
GE Oil&Gas and Baker Hughes merged together
GE Oil&Gas division is merging with Baker Hughes Inc. on the low momentum for oil prices. The new company will be one of the largest players in its field, …
Ineos acquired polyethylene pipe producer WLP in USA
Ineos has today announced it has acquired 100% of the shares of WLP Holding Corp., one of the largest high density polyethylene (HDPE) pipe manufacturers in …
Rosneft acquired Essar Oil in a $12.9bln agreement
Rosneft completes the signing of the Sale and Purchase Agreement for a 49% stake in Essar Oil Limited from Essar Energy Holdings Limited and its affiliates. …
Norvalves has been acquired by Ham-Let
The biggest valve producer in Norway has been acquired by the Israeli group Ham-Let, the company announced in a press statement. Alongside this, Norvalves will …
Rosneft reportedly in talks to acquire Bashneft for $5bln
Russian oil giant Rosneft could be offered the controlling stake in the medium-sized oil producer Bashneft for some 325 billion rubles ($5 billion), writes …
Shell Midstream acquired Mars Odyssey for $350mln
Shell Midstream Partners, L.P. announced it has agreed to acquire from Shell an additional 20 percent equity interest in Mars Oil Pipeline Company and a 49 …
Agrium and Potash are going to merge
Canada’s Agrium Inc and Potash Corp of Saskatchewan Inc agreed to combine in a deal that would create a fertilizer giant with an enterprise value of …