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Oil & Gas news, September 2011

Sulzer Pumps has a pump service centre in Khimki, Moscow.

 

Colfax Corp has made a recommended offer to acquire Charter International plc in a US$2.4 billion cash and stock deal.

 

Russian pump manufacturer HMS Group has secured a 3-year RUB2.25 billion credit line from the West Siberian branch of Sberbank.

 

Norwegian oil services company Aker Solutions has set up an office in Gothenburg, Sweden to grow its share of the Swedish subsea oil and gas market.

 

Oilfield pumping unit specialist Lufkin Industries is buying Quinn’s Oilfield Supply for approximately US$303 million in cash.

 

Russia’s HMS Group has completed the acquisition of Bobruisk Machine Building Plant, a centrifugal pump manufacturer based in Belarus, in a US$9.6 million

 

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Warburg Pincus is acquiring the centrifugal pump manufacturer from funds advised by BC Partners Advisors LP and The Carlyle Group.

 
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Groundbreaking ceremony recently held in Jeannette, Pennsylvania.

 
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Will support customers to the east of Pensacola, Florida, west to Pascagoula, Mississippi, and north to Tuscaloosa, Alabama.

 
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The Plymouth, Minnesota-based company distributes heavy industrial pumps.

 
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