WORLD PUMPS April 2013

www.worldpumps.com

Business news2

Chile’s Neptuno joins Hydraulic Institute

KKR to acquire Gardner Denver

Neptuno Pumps has offi cially

become the fi rst Chilean and Latin

American member of the

Hydraulic Institute.

“This milestone is one step forward

on our dedication to excellence in

the engineering and manufacture

of industrial pumps,” said Petar

Ostojic, project & product manager

at Neptuno Pumps.

Last year, the Hydraulic Institute

broadened its membership to

include pump and supplier

companies that manufacture

wholly outside of North America

but sell into the North American

market. Up until then, Hydraulic

Institute membership was only

open to pump and supplier

companies that had

manufacturing or assembly

operations in the US, Canada or

Mexico.

www.neptunopumps.com

www.pumps.org

Gardner Denver Inc has entered

into a defi nitive merger agreement

to be acquired by global investment

fi rm Kohlberg Kravis Roberts & Co

LP (KKR) in a US$3.9 billion deal.

KKR will acquire all of the

outstanding shares of Gardner

Denver common stock for US$76

per share in cash. This is a 39%

premium on Gardner Denver’s share

price on 24 October 2012, the day

before the company confi rmed that

it had started to explore strategic

alternatives for the business.

The Gardner Denver board of

directors has unanimously

approved the merger agreement

and recommends that share-

holders vote in favour of the

transaction.

www.gardnerdenver.com

Xylem expands service capability Grundfos buys Australia’s

BKB Pumps & TanksGrundfos is acquiring its long term

Australian partner BKB Pumps &

Tanks Pty Ltd.

Hallam, Victoria-headquartered BKB

Pumps & Tanks will be merged

with Grundfos’s Australian

Commercial Building Services (CBS)

team to create BKB Building Solu-

tions Pty Ltd. BKB Building Solu-

tions will operate independently

of Grundfos Pumps, with its own

management team and board of

directors.

Søren Sørensen, Grundfos group

executive vice president, said:

“Australia is an important contrib-

utor to the overall business

success of the Grundfos Group. It

is a particularly strong contributor

to the success we have seen over

the years in the Asia Pacifi c region,

and we expect the acquisition of

BKB to further strengthen our local

and global growth.“

www.grundfos.com

www.bkbgroup.com.au

Metso supplies slurry pumps to Mozambique

John Crane, Shell sign framework agreementSealing specialist John Crane has

won a fi ve-year Enterprise Frame-

work Agreement to supply products

and services for Shell’s upstream,

midstream and downstream oil &

gas operations worldwide.

Under the global agreement, John

Crane will be a key supplier of

mechanical seals and seal support

systems.

John Crane has more than 235

locations worldwide. “This, coupled

with our 95 years of expertise in

engineering technology, positions

us to fulfi ll the agreement require-

ments and meet the needs of

Shell’s mission-critical operations,“

said Duncan Gillis, president and

CEO of John Crane.

www.johncrane.com

Xylem Inc has bought PIMS Group,

a privately held UK-based waste-

water services company, in a

US$57 million deal.

PIMS is a supplier of wastewater

installation and maintenance serv-

ices for the municipal, industrial and

private sector markets throughout

the UK. Founded in 1972, PIMS

employs 220 people and had reve-

nues of US$38 million for the fi scal

year ended 30 April 2012.

“The core of Xylem’s growth

strategy is to leverage our large

installed base to deliver advanced

solutions and services that create

peace of mind for our customers

and help ensure that their opera-

tions are running optimally,” said

Gretchen McClain, Xylem’s presi-

dent and CEO. “In bringing PIMS

Group into the Xylem family, we

are accelerating this strategy by

adding an industry-leading and

diff erentiated service capability

built on PIMS’ world-class talent,

tools and processes.”

www.xyleminc.com

www.pimsgroup.co.uk

Metso has signed a €3.3 million

contract with Brazilian mining

company Vale to provide 110

heavy duty slurry pumps for its

Moatize coal mine in

Mozambique.

The order also covers initial start-

up and commissioning, together

with service training and assist-

ance for the fi rst six months of

operation. The Metso pumps

consist of heavy and extra heavy

duty horizontal and vertical

spindle spillage pumps specifi cally

designed and sized for Vale

applications. Metso will complete

the delivery by the fourth quarter

of 2013.

www.metso.com/

miningandconstruction

WOPU0413_BusinessNews 2 27-03-13 09:58:56