IN FOCUS

HMS Group announced that it has completed an acquisition of KazanKompressorMash (“KKM”), located in Kazan (Tatarstan, Russia), manufacturer of centrifugal and screw compressors in Russia.

Parker Hannifin Corporation announced that it has acquired the filtration business of John Fowler (India) Private Limited based in Bangalore, India.

Parker Hannifin Corporation announced that it has successfully completed its previously announced agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom.

Global pump manufacturer Grundfos announced the acquisition of Enaqua, an American company specializing in the use of UV technology to disinfect water, and specialized membranes for water purification.

CE Franklin Ltd. announced that it has entered into an arrangement agreement with a wholly owned National Oilwell Varco, Inc. subsidiary, NOV Distribution Services ULC, pursuant to which, NDS has agreed to acquire all of the issued and outstanding common shares of CE Franklin for consideration of CAD$12.75 in cash per Common Share.

National Oilwell Varco, Inc. announced that it has entered into an agreement with Schlumberger Limited to purchase its Wilson distribution business segment. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed.

Pierburg Pump Technology GmbH, Neuss, a subsidiary of the KSPG Group (Rheinmetall Group), has set up together with Mikuni Corp., Tokyo, another joint venture for the Chinese market.

Parker Hannifin Corporation announced that it has acquired Snap-tite Incorporated of Erie, Pennsylvania. Snap-tite is a manufacturer of innovative high-pressure fluid power components for oil and gas, industrial and research markets.

New product lines, the purchase of a 16,000-plus square-foot distribution facility, seven new jobs, and the return of a well-known and highly-respected leader in the pipe, valve and fittings industry are just some of the advantages that came with Collins Pipe & Supply Company, Inc.’s recent acquisition of BurnsCascade Co., Inc., of Syracuse, NY.

Pentair, Inc. and Tyco International Ltd. announced a definitive agreement to combine Tyco’s Flow Control business (“Tyco Flow”) with Pentair in a tax-free, all-stock merger.