President and CEO Pasi Laine to Resign from Valmet During 2024

Valmet’s Board of Directors has accepted the resignation of Valmet’s President and CEO Pasi Laine and related terms and conditions. Pasi Laine will continue as the President and CEO of Valmet until the end of September 2024. The Board of Directors has initiated the search for a successor. “During the last ten years we at […]

ATLAS COPCO TO ACQUIRE AN AUSTRALIAN DEWATERING PUMP MANUFACTURER

Atlas Copco has agreed to acquire Sykes Group Pty Ltd (Sykes) from Seven Group Holdings Ltd (SGH), a company listed on the Australian Securities Exchange (ASX). Sykes is a global manufacturer of dewatering pumps, predominantly used for transferring water with solids and abrasive nature within the mining and wastewater sectors. It is headquartered in Newcastle, […]

Wilo Group Opens New Main Production Site in India

The multinational Wilo Group has opened a new plant in India. In Kesurdi in the west of the country, a sustainable and ultra-modern high-tech production complex has been built on a 94,000 square metre site. Here, the technology group manufactures premium pump systems for water management in India, the Middle East, Africa and South-east Asia. […]

Newly Formed Bison – A Businsess of AMETEK

AMETEK Dynamic Fluid Solutions (AMETEK DFS) and the former Bison Gear and Engineering Corp. combine to create a more robust, customer-centric business named Bison. The newly created Bison, a business of AMETEK, Inc., will provide a broader range of high-quality products, unparalleled customization and integration support, accelerated time to production, and global manufacturing flexibility, specifically: […]

The WANGEN PUMPEN Management Team is Expanding

Stefan Isberg has been General Manager at WANGEN PUMPEN since 1 July 2023, and heads the corporate management team together with Erik Sparby and Lorenz von Haller. The 48-year old Swede is responsible for the Production Centre Division (PC), which includes the Production, Finance/Controlling, IT, HR, Product Development and Purchasing departments. Since 2012, Stefan Isberg […]

GEA Continues Positive Performance in Second Quarter of 2023

GEA continued its positive performance of recent years in the second quarter of 2023 despite a slight decline in order intake. The key performance indicators of organic revenue, EBITDA before restructuring expenses and ROCE, again show a significant improvement compared with the prior-year quarter. Although order intake declined slightly by 1.6 percent to EUR 1.38 […]

Established EBARA Pumps Europe S.p.A. Nordic Filial in Sweden

EBARA Pumps Europe S.p.A, an EBARA CORPORATION company, has established EBARA Pumps Europe S.p.A. Nordic Filial (EPEN) in Sweden. EPEN is responsible for product distribution in the Nordic region and began operations on August 11. As part of the global market strategy of the medium-term business plan “E-Plan 2025,” Ebara aims to strengthen new business […]

Xylem Reports Second Quarter 2023 Results

Xylem Inc. reported second-quarter results, which include the May 24 acquisition of Evoqua Water Technologies Corp. The Company reported total revenue of $1.7 billion, with reported growth of 26 percent and organic growth of 15 percent, surpassing prior guidance, on strong commercial and operational execution. Orders were up 10 percent on a reported basis and […]

Watts Water Technologies Reports Record Second Quarter 2023 Results

Watts Water Technologies, Inc. announced results for the second quarter of 2023. “We achieved another quarter of record results that exceeded our expectations, driven by the continued operational excellence of the Watts team. I would like to thank the team for their contributions to our success and their unwavering support of our customers,” stated Chief […]