Tag: purchase

Lone Star Funds agreed to buy industrial pump and valve maker SPX Flow Inc. for $3.8 billion, including assumed debt.

Alfa Laval has agreed to buy Neles in a deal that values the valve maker at roughly $2 billion, setting a price that could potentially fight off any counter bids.

BP announced that it will soon sell its entire Alaskan business to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a total consideration of $5.6 billion.The sale will include BP's upstream and midstream business in the state, including BP Exploration (Alaska) Inc., that owns all of BP's upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.'s interest in the Trans Alaska Pipeline System (TAPS).Bob Dudley, BP group chief executive, said "Alaska has been instrumental in BP's growth and success for well over half a century and our work there has helped shape the careers of many throughout the company.

Emerson announced it has agreed to acquire Intelligent Platforms, a division of General Electric. Intelligent Platforms’ programmable logic controller (PLC) technologies will enable Emerson, a leader in automation for process and industrial applications, to provide its customers broader control and management of their operations.

Exelon Generation, the owner of the nation’s largest fleet of nuclear energy facilities, and Holtec International, a global leader in used nuclear fuel management technologies, today announced an agreement for Holtec to purchase Oyster Creek Generating Station.

HyComp, established in 1886, employs about 120 people and supplies composite components made with proprietary carbon fibres and thermoplastic materials.

The Swiss engineering firm ABB Group recently announced that it would buy General Electric’s business that provides circuit breakers and other electrical equipment for industry for USD $2.

Wood Group is buying Amec Foster Wheeler, an international company with numerous locations throughout the US, in an all-share takeover deal worth about USD $2.

US fuel injections systems company Fluid Mechanics has become part of L’Orange, the German specialist in electronically-controlled, high-pressure injection technology for diesel and heavy fuel oil engines.

Parker-Hannifin Corp., whose global headquarters are located in Ohio, recently announced it would buy Clarcor Inc. for about USD $4.