Pentair Appoints Tracey Doi to Board of Directors

Pentair plc announced the appointment of Tracey Doi to its board of directors effective August 15, 2023. With her appointment to the Pentair plc board of directors, Ms. Doi will serve on the Company’s Audit and Finance Committee. Ms. Doi is the retired Group Vice President and Chief Financial Officer of Toyota Motor North America […]

Pfeiffer Vacuum Technology AG Reports Record Sales for H1 2023

Pfeiffer Vacuum Technology AG announced results for the first half of 2023. Sales increased by 12.7% to EUR 496.7 million compared to the previous year, the highest sales level in the history of the Company within a half-year period (H1 2022: EUR 440.6 million). The operating result (EBIT) decreased by 6.2% to EUR 56.3 million […]

ITT Names Fernando Roland President of Industrial Process Business

ITT Inc. announced the appointment of Fernando Roland as president of its Industrial Process (IP) business, reporting to Chief Executive Officer Luca Savi. Roland succeeds David Steblein, who retired earlier this year after more than 30 years with the company. IP, one of ITT’s three segments, is a global leader in centrifugal and twin-screw pumps […]

Parker Certified Mobile Electrification Centers

Parker Hannifin is launching a new network of Certified Mobile Electrification Centers across Europe, the Middle East and Africa to accelerate the transition to low-carbon mobile equipment operations. Novum Tech – based in Goncelin, near Grenoble – is the first Parker distributor to complete the rigorous training and assessment process required for certification. More will […]

Pentair Reports Strong Second Quarter 2023 Results

Pentair plc announced second quarter 2023 sales of $1.1 billion. Sales were up 2 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 7 percent in the second quarter. Second quarter 2023 earnings per diluted share from continuing operations (“EPS”) were $0.93 compared to $0.92 […]

Robust Performance Across All Businesses

Orders CHF 1’992.4m, + 24.1% YOY on robust growth momentum in all divisions. Sales CHF 1’601.6m, +15.4% in H1 on robust execution. Operational profit CHF 162.4m, +27.3% YOY, which reflects improvements in operations. Executive Chairwoman Suzanne Thoma stated: “Due to favorable market conditions, our good positioning, first operational improvements and growth initiatives, we substantially increased […]

Armstrong Opens New German Office

Armstrong Fluid Technology has relocated its sales office from Mannheim, Germany, to a larger site in Frankfurt to support the company’s European expansion. Armstrong has had a dedicated European HQ since 2018, following its acquisition of the Circulator Pump Business Unit of German-based HALM Circulators. Having outgrown its current site, the company has now moved […]