In 2023, the Frankenthal-based pump and valve manufacturer KSB achieved its highest ever order intake and sales revenue. At 7.9 %, the EBIT margin exceeded its expectations for the financial year. At the Annual General Meeting on 8 May, Dr Bernd Flohr, Chairman of the Supervisory Board, expressed his satisfaction in view of the persistently […]
Armstrong Fluid Technology announced that Andrew (Andy) Harrop has been appointed Global Director, Regional Sales Enablement Centers. In his new role Harrop will oversee all Armstrong Regional Sales Enablement Centers worldwide. His responsibilities will include leading all sales programs and learning initiatives for the Armstrong sales force as well as external Sales Partners and Channels. […]
In the face of an expected market downturn for ballast water management systems, DESMI has not only sustained its robust growth direction can also announce a record-breaking revenue for 2023, nearing 2 billion DKK. DESMI is pleased to report a landmark year in 2023. Despite experiencing an expected market contraction in the ballast water management […]
Sulzer has acquired a single-digit minority share in Wealth Minerals Ltd., a developer of premier “green minerals” projects based in Vancouver BC, Canada. The official announcement was made on 15.05.2024 in Winterthur, Switzerland, and Vancouver, Canada. Investing in Wealth Minerals Ltd. underscores Sulzer’s commitment to advancing the green energy transition. With over 190 years of […]
Franklin Electric Co., Inc. announced that its Board of Directors has appointed Joe Ruzynski as Chief Executive Officer and a member of the Board, effective July 1, 2024. Gregg Sengstack, who has served as CEO since 2014 and Chairperson since 2015, will continue as Executive Chairperson. Ruzynski, 49, joins Franklin Electric from nVent Electric plc […]
Ingelfingen-based technology company GEMÜ has been named a “Digital Champion” by Focus Money and Deutschland Test for the third time running. GEMÜ was awarded a ranking of second place among companies recognized in the “machinery and plant construction” sector. Digitalization is progressing at rapid pace, meaning that companies have to seize the opportunities afforded by […]
Sealing manufacturer Freudenberg Sealing Technologies has acquired the Trygonal Group effective April 30, 2024, strengthening its global business unit Freudenberg Xpress, an expert in small and medium batch sizes, rapid prototyping, and customer-specific sealing solutions. The acquisition is an important milestone in the current corporate strategy to increase the service business. The parties have agreed […]
Xylem Inc. reported first-quarter results. The Company’s total revenue of $2.0 billion surpassed prior guidance, on strong execution and demand. First-quarter earnings also exceeded Xylem’s previous guidance. “The team outperformed on all metrics and continued Xylem’s strong momentum, including record first-quarter margins,” said Matthew Pine, Xylem’s president and CEO. “Operational performance was robust on healthy […]
As part of an in-house strategy program, the Möhlenhoff Group has set a decisive course for a future-proof orientation. In addition to the long-standing Managing Director Frank Geburek, who has been on the management board for over ten years, Stefan Soellner has been appointed as the second Managing Director with effect from February 1, 2024. […]
The Frankenthal-based pump and valve manufacturer KSB is continuing the positive development of the 2023 financial year in the first quarter of 2024. The key performance indicators order intake, sales revenue, earnings before finance income / expense and income tax (EBIT) and EBIT margin are all up on the comparative prior-year quarter. In the first […]
