HOUSTON (Nov. 17, 2014) – Halliburton Company and Baker Hughes Incorporated announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on Nov.
ERLANGEN, Germany (Nov. 17, 2014) – Siemens, in consortium with Bechtel, was awarded the order for the turnkey supply for Panda Power Funds’ Stonewall Energy Project in Leesburg, Virginia.
Improved data management reduces costly utility consumption and defines benchmarks for real manufacturing growth.
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).
Technologies such as low inrush motors, soft starters and VFDs can reduce spending and downtime.
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.
Real-time monitoring software and trained support staff provided early warning of critical equipment issues and prevented costly faults.
SCHAFFHAUSEN, Switzerland (Nov. 13, 2014) – Xylem Inc. was presented with a Silver Medal Innovation Award from the German agriculture organization Deutsche Landwirtschafts Gesellschaft (DLG) at the Bioenergy Decentral Fair, which took place at Hanover Fairground, Nov. 11-14. The Xylem team, led by Dr.
KYOTO, Japan (Nov. 13, 2014) – Nidec Corporation has announced that the Nidec Research and Development Center has developed a motor-drive system based on a silicon carbide (SiC) inverter.
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.