ZURICH, Switzerland -- ABB last week officially opened its new Canada headquarters, which will consolidate 700 employees in a $90 million Montreal facility.
ABB has dubbed the headquarters "Campus Montreal", which will house R&D, manufacturing, assembly and testing for ABB's energy value chain. The facility will also house the hundreds of employees previously spread across six locations in the area.
HOUSTON -- Electric submersible pumps company Borets has named a new senior vice president for its U.S. business development and sales.
William Faubel will lead the company's business development initiatives from Houston, in addition to expanding Borets' global client base.
CHELTENHAM, England -- Spirax-Sarco has announced plans to acquire Chromalox, a Pennsylvania-based manufacturer of electric heat and control products.
Spirax-Sarco will purchase the company from private equity firm Irving Place Capital for $415 million, according to Reuters. Spirax-Sarco will retain Chromalox's executive team after the acquisition is completed.
HEMEL HEMPSTEAD, England -- Atlas Copco has appointed Alexander Pavlov as general manager of its Compressors Technique business in the United Kingdom and Ireland.
Pavlov previously managed Atlas Copco's compressors business in Ireland. He joined the company in Antwerp in 2003, and has also been based in Greece.
According to an Atlas Copco release, the aftermarket business will be one of Pavlov's main focus areas.
HELSINKI, Finland -- Wärtsilä has announced plans to acquire a US-based energy storage technology and solutions company in a bid to expand its energy storage and systems footprint.
The company will acquire Greensmith Energy Management Systems Inc. for an undisclosed amount. According to a release, the transaction is expected to occur by July 2017.
More from Wärtsilä's release:
