IN FOCUS

Baker Hughes Incorporated announced that it has completed the sale of Baker Hughes Mining Tools, “BHMT”, part of the Hughes Christensen division, to Atlas Copco North America, Inc.

BWT is further expanding its market leadership in the area of water treatment. BWT´s growth strategy defines 3 targets: Growth through innovation, growth through geographic expansion, and growth in existing markets with existing technologies.

Gardner Denver, Inc. reported that it has completed its previously announced acquisition of all of the outstanding ownership interests of nash_elmo Holdings, LLC for a purchase price of $223.5 million.

First Reserve Corporation, the leading private equity firm specializing in energy industry investments, announced that it had agreed to acquire the Dresser-Rand Company, a business unit of Ingersoll-Rand Company Limited for approximately $1.2 billion.

Diversified industrial manufacturer Eaton Corporation announced today it has completed the purchase of Walterscheid Rohrverbindungstechnik GmbH (Walterscheid) from GKN plc, a London-based automotive and aerospace supplier.

National-Oilwell, Inc. and Varco International Inc. jointly announced the signing of a definitive merger agreement.

RSS is ITT’s third strategic acquisition in 2004, following plan to acquire companies that fit within core businesses.

Davey Products Pty Ltd, a leading designer and manufacturer of water pumps and systems in Australia has acquired the New Zealand based Spa-Quip Limited.

Pentair, Inc., announced that effective July 31, 2004, it completed the acquisition of WICOR Industries, a unit of Wisconsin Energy Corporation Milwaukee.

Gardner Denver, Inc. announced that it has signed a definitive agreement to acquire nash_elmo Holdings, LLC, a leading global manufacturer of industrial vacuum pumps, for a purchase price of $223.5 million in cash.