Ingersoll-Rand’s binding offer to acquire Precision Flow Systems, Grundfos’s record 2018 turnover and the Mitsubishi Heavy Industries/Weir partnership supplying pumps for the UK’s Hinkley Point C nuclear plant were the most read stories on the World Pumps website in March 2019.
1. Ingersoll-Rand to acquire Accudyne Industries’ Precision Flow Systems
Ingersoll-Rand plc has made a binding offer to acquire Precision Flow Systems (PFS) from funds advised by BC Partners Advisors LP and The Carlyle Group in a US$1.45 billion deal.
2. Grundfos reports record turnover for 2018
Grundfos delivered a 4.2% increase in 2018 net turnover to reach a record DKK26.7 billion.
3. Mitsubishi Heavy Industries/Weir partnership to supply pumps for UK’s Hinkley Point C
A partnership between Mitsubishi Heavy Industries Ltd (MHI) and Weir Engineering Services Ltd (WES) has been awarded a contract by Nuclear New Build (NNB) to design, manufacture and test 34 pumps for Hinkley Point C, the UK’s first new nuclear power plant in 25 years.