IN FOCUS

Flowserve Corporation (NYSE: FLS), a provider of flow control products and services for the global infrastructure markets, announced it has sold its Naval OY business unit including its all-welded ball valve product line to Finnish valve manufacturer, Vexve OY.

Weatherford International Ltd. and Baker Hughes Incorporated announce that they have signed an agreement for the sale of Weatherford s pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of $250 million, including $241 million in cash and $9 million in retained working capital. The sale is part of Weatherford s previously announced plan to divest its non-core businesses.

On February 2, 2014, Sulzer signed an agreement for the acquisition of a 75% stake in Saudi Pump Factory with Nabil Al Hashim, the owner and founder of the company.

Caprari S.p.A. and Polmot Motor Makina A.S. have the pleasure to announce that they have entered into a strategic Joint Venture agreement by means of which Caprari S.p.A. have acquired 50% of Polmot capital.

Atlas Copco has closed the acquisition of Edwards Group Ltd., headquartered in the United Kingdom.

Flowserve Corp. announced it has acquired Innovative Mag-Drive, LLC, or Innomag(TM), a privately owned American manufacturer of advanced sealless magnetic drive centrifugal pumps used primarily in the chemical and general industries.