STOCKHOLM, Sweden (June 21, 2012) – In response to rapid growth in Panama, Xylem has opened a new sales and service office to provide greater customer support to the developing Latin American market. For Xylem, a global water technology company focused on addressing the world’s water issues, this expansion in Latin America reflects the company’s commitment to expansion within emerging markets.
NEWS
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HOUSTON (June 29, 2012) – Dresser-Rand, a supplier of rotating equipment and aftermarket parts and services, has commenced construction of a new $25 million assembly facility which is expected to start operations in late 2012. At this new facility, Dresser-Rand will assemble mission-critical compressor modules for use in the production of oil and gas in the extensive pre-salt fields off the coast of Brazil.
MICHIGAN CITY, Ind. (June 28, 2012) – Dwyer believes in expansion and technological advancement. As a result, entering into the mobile realm has never been a far stretch of the imagination for the company. As a source for practical and affordable instrumentation, Dwyer Instruments, Inc., announced the release of its Dwyer 2012 Catalog App.
(June 20, 2012) - NETZSCH Business Unit Pumps & Systems, a manufacturer of Progressing Cavity Pumps and Rotary Lobe Pumps, announced that the global sales milestone of Euros200 Million has been reached. While it was clear this milestone was being approached, it was uncertain exactly where this milestone would be achieved within the global network of production since manufacturing takes place in China, Germany, Brazil, India and North America.
GLENDALE, Ariz. (June 26, 2012) – Steve Westbrook joins National Pump Company (NPC) as an applications engineer, specializing in quotes and customer service for the API, heavy industrial and municipal markets. He brings a wealth of product and market knowledge, with fifteen years of vertical turbine pump experience in applications and project engineering.
OSAKA, Japan (June 21, 2012) – Torishima Pump Mfg. Co. Ltd. of Osaka Japan and Fluid Equipment Development Co. LLC (FEDCO) announce the formation of the joint venture company “Advanced Pumps International” to focus on the development, manufacture and service of pumping equipment for the oil & gas industries.
SÃO PAULO, Brazil (June 21, 2012) – WEG has acquired Stardur Tintas Especiais Ltda., a company specialized in the production and sales of industrial paints. Located in Indaiatuba, state of São Paulo (Brazil), Stardur has 250 employees, with manufacturing facilities of 10,000 square meters and net revenues of approximately $ 40 million in 2011.
ZURICH, Switzerland (June 15 2012) – ABB announced that it has completed its acquisition of Tropos Networks Inc., a Silicon Valley-based company that develops and markets wireless technologies and products for distribution area communication networks.
KUZE MINAMI-KU, KYOTO, Japan (June 1, 2012) – Nidec Corporation completed the acquisition of Ansaldo Sistemi Industriali S.p.A. from HVEASI Holding, B.V. (Netherlands), a privately-owned company affiliated with Patriarch Partners, LLC. As a result, the acquired business, now consisting of the foreign companies listed below, became Nidec’s subsidiary.
The following is an outline of the companies that became Nidec’s new subsidiaries today:
1. Outline of the New Subsidiaries
FULTON, Md. (May 29, 2012) – Colfax Corporation, a diversified global manufacturing and engineering company, announced the acquisition of the 91 percent interest in Soldex S.A. held by Inversiones Breca S.A. and its affiliates. The transaction values Soldex S.A. at $235 million, including the assumption of debt.