IN FOCUS

The Company’s sales increased by 17.2% to EUR 253.1 million – the first time in the Company’s history to achieve over EUR 250 million in sales within one quarter (Q1 2022: EUR 216.0 million).

Ovarro has announced the appointment of Barbara Hathaway as its new technology leader specialising in leakage solutions. Barbara joined the technology company 27 years ago as a software engineer for Primayer, which was acquired by Ovarro in 2019. After working as customer services manager and technical services director, she became vice president of engineering in 2020.

The general assembly approved the yearend result for 2022 for the DESMI Group – a record-high net revenue of DKK 1,880 million and a profit before tax of DKK 199.5 million, which is considered very satisfactory under the given preconditions in the market and the political tensions globally.

SEEPEX is pleased to announce the promotion of two tenured team members and a new sales team member. Eugene Silvers is now the SEEPEX Industrial Sales Manager and Jason McPeek is the new Environmental Market Manager for the Northeast.

Atlas Copco has acquired the assets of James E. Watson & Co. The company is a distributor of vacuum equipment and service solutions.

The multinational Wilo Group is strengthening its ties to Southeast Asia. At the Hannover Messe exhibition, Oliver Hermes, President & CEO of the Wilo Group, exchanged views with Dr Bambang Susantono, who as Chairman of the Nusantara National Capital Authority is responsible for the planning and construction of the new Indonesian capital in the east of the island of Borneo.

Nicolaus Krämer is the new Chairman of the VDMA Pumps + Systems Association. The members elected the Chief Executive and Chief Operating Officer of HERMETIC-Pumpen GmbH to his post at the general meeting at the end of April.

GEA has raised its outlook for fiscal year 2023 following a strong first quarter. Revenue is now forecast to grow on an organic basis by more than 8.0 percent (previously: more than 5.0 percent). EBITDA before restructuring expenses at constant exchange rates is expected to be at the upper part of the range between EUR 730 million and 790 million (previously: range between EUR 730 million and 790 million).

Xylem Inc. reported first-quarter revenue of $1.4 billion, surpassing prior guidance, with strong commercial and operational execution.

ABB announced it has completed its acquisition of the Siemens low voltage NEMA motor business. The transaction was originally announced August 11, 2022, and financial terms of the transaction were not disclosed. The business employs around 600 people and generated revenues of approximately $63 million in 2021.