MUNICH, Germany (Aug. 3, 2016)—Siemens AG has announced the appointment of Tim Oliver Holt as CEO of the company’s Power Generation Services Division effective Oct. 1.
HOUSTON (Aug. 4, 2016) – Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers (CCC), three of the leading global providers of container solutions products in the energy, petrochemical and general industrial markets, announce that they are merging to form Hoover Ferguson Group (HFG).
DUBAI (Aug. 3, 2016) – Xylem Inc. announced that it has signed a $13 million USD contract to supply an integrated wastewater treatment solution for water reuse as part of the Manfouha sewage treatment plant expansion in Riyadh, Saudi Arabia. In partnership with Al Muhaidib Contracting, Xylem’s ICEAS SBR technology will facilitate the efficient and effective treatment of wastewater at the plant, which will be reused for irrigation and agriculture in the region.
BOSTON (August 3, 2016) — Private participation in U.S. municipal water markets is poised for expansion, according to a new report from Bluefield Research. Municipalities and local authorities are showing an increasing reliance on investor-owned utilities and private players for the ownership, management and operations of public water and wastewater systems.
This market shift comes amidst a growing water infrastructure investment gap exceeding US$532 billion over the next decade.
Columnists Joe Evans and Lev Nelik discuss this commonly misunderstood concept.
DOWNERS GROVE, Ill. (Aug. 2, 2016) – Grundfos has elevated Jonathan Hamp-Adams to the newly created role of general manager of Grundfos USA. In this role, Hamp-Adams will lead all Grundfos sales organizations in the U.S.
KYOTO, Japan (Aug. 02, 2016)—Nidec Corporation announced that its Board of Directors has approved a resolution to acquire the motors, drives and electric power generation businesses of Emerson Electric Co. For this purpose, Nidec entered into an asset and stock purchase agreement on Aug. 2, 2016 (US time). The purchase price is $1.2 billion (on a cash and debt-free enterprise value basis) and the consideration will be all cash.