IN FOCUS

National Oilwell Varco and Schlumberger announced that they have signed a definitive agreement to create a joint venture that combines their respective and complementary expertise in the manufacturing and technology development of wired drill string telemetry systems.

Parker Hannifin Corporation,the global leader in motion and control technologies, announced that it has acquired Nexgen Hose Inc., headquartered in Fergus, Ontario, Canada. Nexgen is a leading manufacturer of industrial PVC hose and tubing for niche and industry standard applications.

Parker Hannifin Corporation,the global leader in motion and control technology, announced that it has acquired Aqua Pro, Inc. a manufacturer of reverse osmosis (“RO”) filtration systems for military, commercial and pleasure marine applications.

Beginning of 2008, KSB Aktiengesellschaft, received an order worth several million euros for the supply of five large vertical tubular casing pumps, five large water transport pumps and five large butterfly valves with hydraulic actuators to a fertiliser factory in Algeria.

Gardner Denver, Inc. reported today that it has completed its previously announced acquisition of CompAir Holdings Limited (“CompAir”), a leading global manufacturer of compressed air and gas solutions.

Parker Hannifin Corporation announced that it has acquired three companies whose total sales for their most recently reported fiscal years approaches one half billion dollars. Parker is remaining focused on executing its plans for growth throughout the current economic turbulence.

IDEX Corporation announced the acquisition of Richter Chemie-Technik, a leading provider of premium quality lined pumps, valves and control equipment for the chemical, fine chemical and pharmaceutical industries.

Robert K. Asdal, Executive Director of the Hydraulic Institute, announced that the Institute has added four firms as Standards Partners. The Standards Partner program provides an opportunity for engineering consultants and pump users to partner with HI members in the development of pump standards and education efforts.

Crane Co.a diversified manufacturer of highly engineered industrial products, announced today that it had purchased all of the capital stock of Delta Fluid Products Limited.

Clyde Blowers, the East Kilbride-based group owned by Scottish entrepreneur Jim McColl, today announced that they have reached a definitive agreement to acquire an entire business unit from American Fortune 500 company Textron.