IN FOCUS

Franklin Electric Co., Inc. announced that on December 31, 2021 its wholly owned subsidiary Headwater Companies, LLC acquired Blake Group Holdings, Inc., a Connecticut corporation, for $27.1 million in cash. Blake is a professional groundwater distributor operating fourteen locations throughout the northeast United States. Blake has approximately $74 million of consolidated annual sales.

Demand for LNG-fuelled newbuilds is growing across the shipping industry. Pump specialist Svanehøj has quadrupled its sales of fuel pump solutions in 2021 and is heading for an all-time high order intake.

GEA Group Aktiengesellschaft announces that the current employee representatives on the Supervisory Board were confirmed for the next four years at the election held on November 25, 2021. In addition, the company announces a personnel change on the Supervisory Board.

Armstrong Promotes Mike Fischer to Global Commercial Director, Names Chris Markert Commercial Director USA.

For the third consecutive year, Watts Water Technologies, Inc. has been named one of America’s Most Responsible Companies by Newsweek magazine.

As every year, the dosing technology specialist from Töging donates to a social institution for Christmas. This year, € 2500 will go to the Franziskushaus in Au am Inn. The donation will be used to provide material and non-material support for mentally and multiply handicapped children and those in need.

With the symbolic groundbreaking, drive manufacturer Flender has officially started construction work on the expansion of its German site in Voerde on the Lower Rhine.

Xylem Watermark aims to reach over 3.4 million children by end of 2023 through its support of UNICEF, the world’s leading organization for children.

Pfeiffer Vacuum opened up a new 10,000 square foot Silicon Valley Innovation Center (SVIC) in San José on December 10th. This state-of-the-art facility will create more than 20 new high-tech jobs.

In July 2021, Franz Kamhuber already joined the ViscoTec top management and succeeded Georg Senftl as Managing Director in the commercial area. Until now, both of them have been steering the company’s fortunes together with Martin Stadler, who is Managing Director for Technology. At the end of 2021, however, the time has come for Georg Senftl to retire.