Ebara Corporation Announces Acquisition of Turkish Pump Manufacturer

EBARA CORPORATION has signed a stock purchase agreement to acquire all outstanding shares of Çiğli Su Teknolojileri A.Ş., the parent company of Vansan Makina Sanayi ve Ticaret A.Ş., a Turkish pump manufacturer, and Vansan Makina Montaj ve Pazarlama A.Ş. (Vansan), with current shareholders.

According to its medium-term management plan "E-Plan 2022," the EBARA Group aims to expand sales in promising overseas regions and countries with growing populations and developing industries as part of its global strategy. With the acquisition of Vansan, a leading Turkish pump manufacturer, they will be able to improve the global supply chain by strengthening access to markets in Europe, Central Asia, the Middle East and Africa to further expand the standard pump business.

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Franklin Electric Reports Record Second Quarter 2023 Results

26.07.2023 -

Franklin Electric Co., Inc. announced its second quarter financial results for fiscal year 2023. Second quarter 2023 net sales were $569.1 million, compared to second quarter 2022 net sales of $551.1 million. Second quarter 2023 operating income was $80.9 million, compared to second quarter 2022 operating income of $81.0 million. Second quarter 2023 EPS was $1.27, versus EPS in the second quarter 2022 of $1.26.

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