IN FOCUS

Northstar Aerospace announced the sale of the common share interest in the pump operations to the joint venture partner, which closed on March 31, 2003. This transaction will allow Northstar to concentrate on its aerospace business and will allow the management of Corporacion EG, Ruhrpumpen and its subsidiaries to continue to focus on their development of the worldwide pump business.

ITT Industries, Inc., announced today that it has acquired the business and assets of pump manufacturer Uniservice Wellpoint Srl. Based in Italy, Uniservice Wellpoint produces a range of high quality diesel and electric powered, vacuum primed centrifugal pumps, along with spear or well point dewatering systems for the rental market and sale.

On March 31, 2003, Sulzer Chemtech acquired selected assets of the mixer business of Koch-Glitsch with locations in Wichita (Kansas, USA) and Winterthur (Switzerland). In 2002, this business had sales of USD 9.6 million.

With effect from 1 January 2003 the Grundfos Group has acquired the renowned Brazilian pump manufacturing company Mark Peerless SA, which will in the future carry the name Mark Pumps Ltda.

Teikoku USA announced the purchase all of the assets (less real estate) of the Chempump Division of the Crane Corporation effective March 1, 2003. Chempump manufactures canned motor pumps primarily for use in the chemical processing industry.

The company Lutz – Jesco GmbH with headquarters in Wertheim took over the company JESCO Dosiertechnik in Wedemark near Hanover at the beginning of this year.

MTU Aero Engines GmbH, a DaimlerChrysler subsidiary, and Eldim B.V., a Sulzer Metco company, inked a strategic GP7000 partnership agreement, according to which Eldim takes a roughly 1% stake of the GP7000 engine in MTU’s workshare. MTU’s role in the engine to power the Airbus A380 mega-transport amounts to 22.5%. MTU partners with General Electric and Pratt & Whitney in the emerging GP7000.

Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)announced that it completed its previously announced acquisition of the electrical division of London-based Delta plc (LSE:DLTA).

National-Oilwell, Inc. (NYSE:NOI) announced that it has acquired the Mono pumping products business from Halliburton Energy Services through the purchase of all the outstanding stock of Monoflo, Inc. in the United States and Mono Group in the United Kingdom.

By 1 January 2003, the Wilo AG, based in Dortmund, Germany, having effected a turnover of 535 million Euro in 2001 and being one of the market leaders in developing pumps and pump systems for building services engineering, acquires the EMU Unterwasserpumpen group, located in Hof, Germany.

The acquisition will strengthen Wilo’s market position in sectors which boast of very quick economic growth.