DALLAS (Nov. 14, 2014) – Flowserve Corporation has announced that it has submitted a binding offer to acquire the equity of SIHI Group B.V., a global provider of engineered vacuum and fluid pumps and related services, from TBG Europe NV for consideration of approximately 298 million euros ($372.5 million equivalent1). Closing is subject to standard regulatory approvals and other customary conditions.

ZURICH (13 November 2014)—ABB has won orders from Ansaldo Energia, Italy’s largest supplier, installer and service provider for power generation plants and components, to supply a plant automation system and substation expansion for the new Ain Djasser III gas-fired power plant in the northern province of Batna, Algeria. The plant is operated by Sociéte Algérienne de Production de l'Electricité, Algeria’s largest power generation company.