IRVING, Texas – Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
The memorandum of understanding was signed in Rio de Janeiro by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of ExxonMobil Exploration Company.
LITTLETON, Colo. — IMI announced that it has agreed to acquire Bimba, a manufacturer of pneumatic, hydraulic and electric motion solutions with an extensive distributor network principally servicing the North American Industrial Automation market. Bimba will become an integral part of IMI Precision Engineering and the acquisition represents a significant strategic step for the division.
GRAY, La. – David Cedro has joined the Danos executive team as vice president of finance and administration, with responsibility for overseeing the company’s domestic and international administration, finance and accounting activities. James Callahan, who previously held the senior finance position, moves into a new role as vice president of project services.
NISKAYUNAN, N.Y. and TEWKESBURY, UK – Trelleborg has, through its business area Trelleborg Sealing Solutions, fully acquired U.S.-based privately-owned Automated Dynamics, an advanced composite components manufacturer. The bolt-on acquisition provides new, strategic technology to develop next generation composites to solve a myriad of challenging applications in industries such as marine, hydro, and aerospace, expanding into the global marketplace.
Mayor Rahm Emanuel and the Chicago Department of Water Management (DWM) today unveiled the converted Springfield Avenue Pumping Station. The change from a steam based system to an electrically operated facility will reduce carbon emissions by nearly 70 percent, increase reliability and save the City an estimated $4.5 million annually in operating expenses.
RYE BROOK, N.Y .-- Xylem Inc. announced that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. for CAD $9.00 per share in cash, representing an enterprise value of CAD$509 million, or USD$397 million. Pure’s Board of Directors has unanimously approved the transaction and recommends that Pure shareholders vote in favor of the transaction.
