IN FOCUS

MUSKEGON, Mich., May 24 — SPX Corporation (NYSE: SPW) today announced that it has completed the previously announced acquisition of United Dominion Industries Limited (NYSE: UDI; TSE).

STAMFORD, CONNECTICUT – April 3, 2001 – Crane Co. (NYSE:CR) announced today that it had completed the acquisition of the Industrial Flow Group of Alfa Laval Holding AB for approximately $37 million, based on the terms of a previously announced definitive agreement.

Accretive Acquisition Will Create Multi-Industry Company with $5 Billion in Annual Revenues and Enhanced Value-Creation Opportunities Will Broaden and Strengthen SPX’s Portfolio of Industrial and Technical Businesses

The Sulzer Board of Directors recommends Sulzer shareholders not to accept the pre-announced public tender offer by InCentive Capital AG. The announced realignment of the Sulzer Corporation is already well underway and will create greater value for shareholders, employees and customers than the short-term oriented procedure of InCentive Capital. Sulzer and Sulzer Medica will be separated as planned, whereby Sulzer shareholders will be offered the Sulzer Medica shares currently held by Sulzer.

On Monday February 19, 2001, Sulzer Ltd was informed concurrently with public announcement of a takeover bid by the Swiss investment company InCentive Capital AG, Zug. The Sulzer Board of Directors is currently assessing in detail this offer to Sulzer shareholders.

Wilo-Salmson AG, one of the world’s leading manufacturers of pumps and pump systems, has announced the acquisition of 80 % of shares of the pump segment from LG Cable Ltd, Seoul / Korea. The new cooperative venture Wilo-LG Pumps Ltd. had annual sales of approximately $70 million in the year 2000. With that the turn-over of the Wilo-Salmson Group will increase to more than 1 billion DEM.

HOUSTON–(BUSINESS WIRE)–Jan. 11, 2001–National-Oilwell, Inc. (NYSE:NOI) today announced that it has completed the previously announced acquisition of 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).

NORTHBROOK, Ill., Jan. 10 /PRNewswire/ — Dennis K. Williams, chairman, president and chief executive officer of IDEX Corporation, and Fred G. Wacker III, president and principal shareholder of Liquid Controls, L.L.C., today announced the acquisition of Liquid Controls by IDEX. Liquid Controls is headquartered in Lake Bluff, Illinois, and has joint ventures in Italy and India. Liquid Controls becomes IDEX’s 12th stand-alone business and will be operated as part of its Pump Products Group. Terms of this cash transaction were not disclosed.

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.