IN FOCUS

Crane Co. a diversified manufacturer of engineered industrial products, announced that it has purchased the business and selected assets of the PSI …

The Weir Group PLC announced the signing of an agreement to purchase 100% of the issued share capital of Pompe Gabbioneta SpA, a specialist petrochemical pump business located in Milan, Italy. The consideration for the purchase will be €100 million payable in cash on completion.

Diversified industrial manufacturer Eaton Corporation today announced that it has made a cash offer for the entire issued and to-be-issued share capital of domnick hunter group plc.

ITT Industries announced that it has acquired the business and assets of Ellis K. Phelps & Company (Phelps) of Apopka, Florida. Phelps has long been the largest U.S. distributor of products sold under ITT’s Flygt brand for the wastewater pumping and treatment market.

The Weir Group PLC has entered into agreements to dispose of the desalination and water treatment businesses of its Techna Division to Veolia Water Systems, part of Veolia Water, the water division of Veolia Environnement.

Tapflo AB, with its head office in Kungälv, Sweden has purchased 49 percent of the shares in the Milan-based company, CDR Pumps. Tapflo will thereby have access to the Italian pump manufacturer’s vast technical competence as well as the company’s wide range of magnetically driven centrifugal pumps.

Spirax Sarco, Inc. (SSI), has purchased all relevant business assets of EMCO Flow Systems of Longmont, CO, from Advanced Energy Industries, Inc. of Fort Collins, CO.

Diversified industrial manufacturer Eaton Corporation announced it has reached an agreement with Hayward Industries, Inc. to purchase its industrial filtration business. Terms were not disclosed. The transaction is expected to close in the third quarter of 2005.

Following antitrust investigations, the EU Commission has approved unconditionally the acquisition of Flender Holding GmbH by Siemens. The manufacturer of mechanical and electrical drives, located in Bocholt, Germany, will be integrated into the Siemens Automation and Drives (A&D) Group.

Dresser-Rand Company announced today that a wholly owned subsidiary has entered into an agreement with Tuthill Corporation of Burr Ridge, Illinois to acquire certain assets of its Tuthill Energy Systems division (TES).