IN FOCUS

Pentair announced third quarter 2016 sales of $1.2 billion. Sales were up 9 percent compared to sales for the same period last year. Excluding currency translation (“FX”) and contribution from acquisitions, core sales declined 2 percent in the third quarter.

The new election of six employee representatives has changed the composition of the Supervisory Board of GEA Group Aktiengesellschaft and its Committees. Kurt-Jürgen Löw was elected new Deputy Chairman of the Supervisory Board as successor to Reinhold Siegers, who had held this position since 1998 and did not stand for re-election on account of his plans to retire.

Large utilities are expanding through merger and acquisition. As a result, 100 power generators around the world buy more than 50 percent of the products and services. These operators are expanding into wind, solar, biomass, geothermal and other renewable fuels.

ABB announced that Timo Ihamuotila has been named Chief Financial Officer and member of the Executive Committee, effective April 1, 2017.

GEA s order intake in the third quarter of 2016 was EUR 1,084 million.

In line with the new “MOL Group 2030 – Enter Tomorrow” strategy, the Board of Directors – at its meeting held on the 13th October – approved the following organizational and personnel changes with the aim to better support the realization of the strategic goals.

In the first nine months of 2016, currency-adjusted order intake decreased by 7.8%, compared to the same period in 2015. Order intake in the third quarter was impacted by normal seasonality, continued weakness in the oil and gas market, and timing of some orders.

EurEau welcomed Oliver Loebel as its new Secretary General on Monday 3 October. He will be based at the EurEau secretariat in Brussels.

It is the digital age and it is the dawn of machine-to-machine communications. But we are in the dark ages when it comes to interconnectivity. Large flow-and-treat end users and large suppliers have minimum connectivity within their own companies.

Global sales of submersible pumps is estimated to be valued at US$ 7,854.3 Mn by the end of 2016 and is expected to register a CAGR of 6.3% in terms of sales revenue during the forecast period (2016–2026).