IN FOCUS

ITT Industries offers euro 18 per WEDECO share in cash, representing a premium of 36% over the three-month average Xetra closing share price prior to the date of announcement.

Omnifit has joined forces with sister company Bio-Chem Valve Inc. to deliver total inert fluid handling solutions to our customers.

The German based KSB group took over 80% shares of the Spanish pump manufacturer Bombas Itur, S.A.

In the last couple of years, Kirloskar Group has worked relentlessly to increase exports in sustainable ways and also de-risk them by concentrating on sales to OEMs and institutions. Once such breakthroughs are achieved, the revenues are stable year after year.

Acquisition to round out ITT’s global water treatment product line through addition of ultraviolet disinfection and ozone oxidation products. Transaction approved and recommended by management and supervisory boards of WEDECO; 27 percent of share capital already committed.

Lovejoy, Inc., the leader in industrial coupling design, development and precision engineering, announces a significant international expansion into the hydraulic component market as the result of a joint venture entered into with Rahmer & Jansen GmbH in Werdohl, Germany.

Howard Anderson announces the launch of its new brand Holden Brooke Pullen. With effect from 8th September 2003 Howard Anderson will, in line with its continued growth strategy within the Building Services market, consolidate its two large commercial building services brands, Pullen and Holden and Brooke into one new powerful brand, Holden Brooke Pullen.

In July this year, the KSB Group acquired two service operations: EITB (Entreprise Industrielle de Travaux et de Bobinages) in France and MSOS (Mechanical Services on Site) in Belgium. This move will strengthen the Group’s European service organization.

The Wilo AG in Dortmund, Germany, has decided to retroactively merge its three domestic plant manufacturers. EMU Wasser- und Abwassertechnik GmbH in Roth, EMU Anlagenbau GmbH in Hof sowie die EMU Anlagentechnik Nord GmbH, Hamburg, with its branch in Woldegk, are now joined to EMU Anlagenbau GmbH.

The company Lutz-Jesco GmbH in Wedemark near Hannover took over Technopool Schwimmbadtechnologie GmbH in Bissendorf near Osnabrück on the first of July 2003. Mr. Heinz Lutz is the new managing director of Technopool.