IN FOCUS

The Supervisory Board of GEA Group Aktiengesellschaft has appointed Bernd Brinker (58) as interim Chief Financial Officer (CFO) with effect from October 16, 2023. For a period of one year, he will succeed Marcus A. Ketter, who passed away suddenly on August 6, 2023.

ITT, Inc.’s i-ALERT® and Hexagon’s j5 Operator Rounds will integrate their machine health data tracking and analysis features to help heavy industries reduce maintenance costs and unplanned downtime. The new offering can identify operational risks in advance, which significantly reduces the possibility of failure in pumps, motors, and other industrial equipment – as well as the costly repairs they require.

Australia plays a significant role in the global ramp up of renewable energies. In view of this, German drive train specialist Flender further expands production and service capacities on the continent by opening a new facility in Sydney.

NETZSCH Pumps & Systems is building a new production plant at our Brazilian manufacturing site as part of the NETZSCH group’s global strategy for producing and supplying the global NOTOS® multiple screw pumps market.

Xylem Inc. announced that after a distinguished decade leading Xylem, President and Chief Executive Officer Patrick Decker has announced his plans to retire as CEO at the end of 2023.

At the recent Singapore MICE Awards (SMA) 2023, held on 27 July 2023, Singapore International Water Week (SIWW) 2022 was conferred the “Trade Show of the Year” Award.

Watts Water Technologies, Inc. announced that it has entered into a definitive agreement to acquire Bradley Corporation (“Bradley”) for $303 million, subject to customary adjustments. The net transaction value is approximately $268 million after adjusting for the estimated net present value of expected tax benefits of approximately $35 million. The transaction will be funded through cash on hand and the remainder from Watts’ existing revolving credit facility. The transaction is subject to customary closing conditions and necessary regulatory approvals and is expected to close in the fourth quarter of 2023.

With the extension of its production location in Jimbolia, Romania, the FAULHABER Group is taking a significant step to boost its competitiveness on the market and at the same time to satisfy the growing demand for its high-quality products.

Andreas Renschler, former member of the Management Board of both Daimler AG and Volkswagen AG, joins the Supervisory Board of GEA Group Aktiengesellschaft as a new member by appointment of Düsseldorf Local Court effective September 1, 2023.

Jarno Nymark (M.Sc. Eng.) has been appointed to the ANDRITZ AG Executive Board as of October 1, 2023, assuming responsibility for the Pulp & Paper Business Area.