BJERRINGBRO, Denmark – Grundfos has signed an agreement with Grundfos Russia local management members to acquire the two Grundfos legal entities in Russia. The transaction allows the new owners to run a non-Grundfos business in Russia and Belarus. The Grundfos brand and other Grundfos Intellectual Property Rights are not part of the divestment and will therefore remain fully in Grundfos’ ownership.

DAVIDSON, N.C. – Ingersoll Rand Inc. has completed the acquisition of SPX FLOW’s Air Treatment business in an all-cash transaction of approximately $525 million.

The Air Treatment business adds a highly complementary product portfolio of energy efficient compressed air dryers, filters and other consumables with a high attachment rate to Ingersoll Rand’s core compressor product offering.

SCHAFFHAUSEN, Switzerland – Rachel Bros De Puechredon has over 20 years of business experience and has successfully initiated, led and launched global high-tech renewable energy projects. At GF Piping Systems, her primary focus will be to apply her highly specialized knowledge of the Hydrogen ecosystem, technologies and sales processes to identify and validate new business opportunities and position GF as key hydrogen player.

DOWNERS GROVE, Ill. – Dover announced that it has completed the acquisition of Witte Pumps & Technology GmbH, a manufacturer of precision gear pumps. Witte will become part of the Maag business unit within Dover’s Pumps & Process Solutions segment.

WASHINGTON, D.C. – Global water technology company Xylem Inc. announced the appointment of Matthew Pine as chief operating officer, effective January 1, 2023. In this role, Pine will accelerate Xylem’s operations, driving cost leadership and scaling innovation across the global organization. He will report to Xylem President and CEO Patrick Decker and will oversee the company’s business segments and regions.