IN FOCUS

AxFlow Holding, based in Stockholm Sweden, has acquired the majority share in AQS Liquid Transfer, an importer and distributor of pumps in South Africa. The growth initiative is in line with AxFlow’s strategy to expand its business outside Europe.

GEA yesterday signed an agreement to take over Imaforni Int l S.p.A., a leading supplier of demanding industrial processing equipment and solutions for the biscuits industry. The company is based in Verona, Italy and generated revenues in excess of EUR 85 million with around 210 employees in fiscal year 2015.

Xylem has designed a state-of-the-art water pumping solution as part of a complex project to expand the Lanaye Locks in Belgium, a vital connector route between Northern and Southern Europe.

Ebara Industrias Mecânicas e Comercio Ltda (“Ebara Brazil”)has completed the procedure of acquiring all of the outstanding shares of Thebe Bombas Hidráulicas SA (“Thebe”)a company engaged in the manufacture and sale of pump products mainly in Brazil.

Watson-Marlow Fluid Technology Group has acquired the business and assets of Flow Smart Inc. through its parent company Spirax-Sarco Engineering, for £5.7 million.

Oerlikon announced that it has signed an agreement to sell its Leybold Vacuum business to Atlas Copco. The transaction is based on an enterprise value of CHF 525 million and is expected to close by middle of the year 2016.

MOL signed an agreement with Eni International B.V. for the acquisition of the entire share capital of Eni Slovenia doo., a company managing 17 Agip branded service stations in Slovenia. The acquired retail network is a perfect match to MOL’s existing network and also provides growth for local wholesale activity.

GEA has successfully completed the acquisition of Hilge, domiciled in Bodenheim, Germany, after approval by the relevant antitrust authorities.

Parker announced a previously completed transaction to acquire President Engineering Group Limited (PEGL) based in Sheffield, U.K. PEGL specializes in the design and manufacture of technically advanced, precision engineered cryogenic valves for liquefied natural gas (LNG) and Industrial Gas applications and specialized equipment for mining safety applications. Terms of the transaction were not disclosed.

Pentair announced that it completed acquisition of Erico Global Company.