ZURICH (March 21, 2014) – ABB announced that it has signed an agreement to divest the Thomas & Betts’ heating, ventilation and air conditioning (HVAC) business for $260 million in an all-cash transaction to Nortek, Inc., headquartered in Providence, Rhode Island. The sale is expected to close in the second quarter of 2014, subject to regulatory clearance.
PARSIPPANY, N.J. (March 11, 2014) – The Hydraulic Institute (HI) recognized and honored Lucian Dobrot, Senior Product Engineer, TACO, Inc. as HI’s Young Engineer of the Year award recipient. The award was presented to Mr. Dobrot during HI’s 2014 Annual meeting in Phoenix, Ariz.
GREENVILLE, S.C. & HOUSTON (March 19, 2014) – Wood Group Mustang promotes Tim Griffin to vice president, industrial operations, leading the company’s North American industrial division based in Greenville, S.C.
The division serves the automotive, aerospace, industrial manufacturing, pulp and paper and engineered materials industries with a strong focus on providing solutions for grassroots projects, revamps, facility expansions and modernizations.
IRVING, Texas (March 19, 2014) – Flowserve Corporation announced the opening of its pump manufacturing plant in Coimbatore, India. The facility will support the company’s existing Indian operations and provide pump products for power and oil & gas industries throughout the Asia Pacific region.
LEONBERG, Germany (March 18, 2014) – LEWA GmbH has been awarded a five year global framework agreement with BP to supply Chemical Injection Packages for BP's Global Projects Organization. This framework agreement enables BP’s Global project teams (including their EPMS/EPC contractors) to access LEWA GmbH’s international resources to supply Chemical Injection Packages.
LONDON (March 18, 2014) – GE Oil & Gas signed a global licensing and technology collaboration agreement with Highview Power Storage, a UK supplier of large-scale liquid air energy storage (LAES) systems. The companies will explore opportunities to integrate Highview’s LAES technology in peaker power plants where GE gas turbines and gas engines are currently or will be installed to increase power plant efficiency, grid reliability and the distribution of renewable energy.