IN FOCUS

ITT Industries, Inc. (NYSE: ITT) announced that it has acquired the assets of PCI Membranes from Thames Water. The PCI Membrane products complement ITT Industries Fluid Technology’s pumps, mixers, aeration equipment and wastewater process systems, and will provide significant expansion opportunities for ITT Industries’ Sanitaire in the growing filtration and disinfection segments.

ITT Industries, Inc. (NYSE: ITT) announced that it has purchased the business and assets of the Biopharm Manufacturing Division of Martin Petersen Company, Inc., a leading manufacturer of process systems for the biopharmaceutical industry.

National-Oilwell, Inc. (NYSE:NOI) announced that it has received notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the previously announced acquisition of Hydralift ASA (OSE:HYD).

FRANKENTHAL: Effective from 15 November 2002, KSB has acquired part of the business of former valve manufacturers Pörringer + Schindler GmbH (PSA), Zweibrücken.

From 1 November, Grundfos takes over the rights to part of Danish pump manufacturer Svanehøj’s product range – large in-line pumps, used especially in the district heating sector but also used for air-conditioning. With this acquisition, Grundfos will be able to produce pumps with capacities of up to 4,000 cubic metres per hour equipped with motors of up to 600 kW.

WHITE PLAINS, N.Y., — ITT Industries, Inc. (NYSE: ITT) announced that it has acquired Svedala Robot B.V., a leading manufacturer of high quality submersible pumps and pump systems used in wastewater applications. These pumps complement the range of pumps and pump systems that ITT Flygt currently offers to the wastewater market, and are expected to fuel additional growth for ITT Industries in this sector both in the US, Europe and Asia.

Pentair, Inc. (NYSE: PNR) announced that it has completed the acquisition of water filtration products manufacturer, Plymouth Products, Inc., of Sheboygan, Wisconsin, from USF Consumer & Commercial WaterGroup, a unit of Vivendi Environnement (Euronext Paris: VIE) (NYSE: VE).

ITT Industries, Inc. (NYSE: ITT) announced that it has acquired Flowtronex PSI Inc., a leading global manufacturer of modular pumping systems for golf courses and other turf irrigation, sports fields, municipal and commercial properties.

National-Oilwell, Inc. announced the signing of a definitive combination agreement with Hydralift ASA that will solidify National Oilwell’s position as the leading global supplier of comprehensive systems and components used in offshore oil and gas drilling and production.

The Gorman-Rupp Company is pleased to announce the formation of an exclusive alliance with the Portland, Oregon based Cornell Pump Company for the distribution of the “Redi-Prime®” pump line.