Tag: acquisition

QIP Equipment Ltd. (QIP) of Montreal has been acquired by Wolseley Industrial Canada. QIP was established in Montreal, Quebec, and has been operational since 1976. It is a wholesale distributor of manual and actuated valves, fittings, control products, and instrumentation products.

Honeywell announced that it has signed a definitive agreement to acquire the Elster Division of Melrose Industries, a provider of thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity meters, including smart meters and software and data analytics solutions, for approximately USD 5.

NOW Inc. has announced today that it has entered into an agreement to purchase the business of Challenger Industries, Inc. Challenger Industries, Inc. is a leading pipe, valves and fittings supplier for the downstream, midstream and upstream energy markets.

Shale-Inland Holdings announces the acquisition of Major Sourcing LLC also referred to as “Major Inc.” in a transaction completed on July 27, 2015. Major, Inc. operates as a leading valve automation, integrator, and distributor, primarily focused on the power industry.

The Weir Group PLC has agreed to acquire Delta Industrial Valves Inc., a US-based manufacturer of knife gate valves for the mining, oil sands and other industrial markets, for an enterprise value of up to US$47 million.

Wood Group has acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at 14.3 million USD. BETA’s expertise in advanced vibration, pulsation stress and dynamic analysis of piping systems and machinery during the design and production phases are key elements in integrity management and strengthen Wood Group’s capabilities.

Engineer Weir Group PLC has announced that it has agreed to acquire Delta Industrial Valves Inc., a U.S.-based manufacturer of valves for the mining, oil sands and other industrial markets, for an enterprise value of up to $47 million USD.

Bimba, an innovator of actuation technology, today announced the acquisition of Intek Products of Warrendale, Pennsylvania. Founded in 1999, Intek develops mechanical automation products and solutions for both single-axis and multi-axis coordinated electric motion.

It is being reported that the Columbus, OH-based FCX Performance, Inc., a distributor of valves and controls, has completed the acquisition of Process Control Services, Inc. (PCS). PCS, which is located in Plymouth, Michigan, provides Instrument start-up, repair, installation and calibration services; In-house Depot Repair; Turnkey PLC Programming and Control Panel Fabrication.

L&T may be close to selling off its valves business for around $500 million with Finnish firm Metso and US-listed Pentair emerging as frontrunners to acquire the unit, according to sources aware of the negotiations.