IN FOCUS

DALLAS, Jan. 3 /PRNewswire/ — Flowserve Corp. announced today the

divestiture of its Tulsa, Okla., plant to Ruhrpumpen Inc., a subsidiary of

Corporacion EG of Monterrey, Mexico, on Dec. 29, 2000. The company made the

required divestiture as part of an agreement with the U.S. Department of

Justice following Flowserve’s acquisition of the Ingersoll-Dresser Pump Co.,

which the government approved in July 2000.

The MAN Turbomaschinen AG GHH BORSIG, a subsidiary of the commercial vehicle and mechanical engineering company MAN, in Oberhausen (DE), and Sulzer Ltd, Winterthur (CH), have signed an agreement for selling the complete business of Sulzer Turbo to MAN GHH BORSIG, subject to approval of the regulatory and antitrust authorities. The purchaser is acquiring the management, all employees and all sites of Sulzer Turbo.

01-11-2000

Grundfos recently completed another company purchase this year, taking over the motor production of Italian pump manufacturer, Aturia Pompe S.p.a.

Sulzer has finalized the acquisition of the Interturbine companies in Lomm/The Netherlands. This transaction, which has received the approval by the regulatory and antitrust authorities, is in line with Sulzer’s strategy of expanding its industrial activities in surface and material technologies.

HOUSTON–(BUSINESS WIRE)–Oct. 30, 2000–National-Oilwell, Inc. (NYSE:NOI) today announced that it has signed, through a wholly-owned subsidiary, a Memorandum of Understanding with Aker Maritime ASA (OSE:AMA) to acquire the stock of Maritime Hydraulics (Canada) Ltd. for a total cash purchase price, including the assumption of certain debt obligations, of Canadian $25 million (approximately U.S. $16.5 million). The transaction is expected to close in January 2001.

The proposed merger between Sulzer Ltd and Sulzer Medica Ltd will not take place. The Boards of Directors and the Executive Management of both companies have acknowledged the critical assessment of this planned move by the financial markets. Sulzer Industries will continue the focus on Materials and Surface Technology. Sulzer Medica will further expand its core businesses of Orthopedics, Cardiovascular Prostheses and Dental Implants.

CHARLOTTE, N.C., Sept. 26 — United Dominion Industries Ltd. (NYSE: UDI, TSE) announced today that it is in discussions with several parties concerning a possible sale of the company. J.P. Morgan & Co., Inc. is advising the company.

Sulzer makes drastic changes: Medical Devices and Surface and Materials Technology form the core of the new corporate strategy. These areas offer potential for high growth and profitability. As a consequence of the new strategic direction, new owners will be sought over the next several months for five business units (Infra, Pumps, Textil, Turbo and Burckhardt) with a total of over 14’600 employees. At the same time, Sulzer plans to make acquisitions of over CHF 2 billion within two years. Sulzer Medica Ltd will merge with Sulzer Ltd – this is subject to the approval of their shareholders. The strategic rea lignment will lead to a reduction of approximately 300 jobs in corporate services world-wide, half of which in Switzerland. Throughout this transition, Sulzer will honor its social obligations to its employees.

On October 10, Grundfos officially opened a new production factory in Tatabánya, Hungary, in the presence of His Royal Highness, Prince Joachim, as well as representatives of the Hungarian government and others. The new 14,500 sq m factory will hold Group motor production.

DALLAS – Flowserve Corp. (NYSE: FLS) today announced the completion of its acquisition of Ingersoll-Dresser Pump Co. from Ingersoll-Rand.

The $775 million acquisition creates the world’s largest pump company serving the petroleum, chemical and power industries and the second largest pump company overall.