IN FOCUS

In February, 2005, SKF announced its intention to purchase the outstanding publicly held shares of its subsidiary SKF India Limited and to delist it from the stock markets in India. SKF presently holds 53.58% of the equity shares in the company.

Frost & Sullivan will present Eaton Corporation with the 2005 Power Quality Company of the Year Award at tonight’s Excellence in Industrial Technologies Banquet.

Flowserve Corp. announced increased bookings and backlog for the first quarter of 2005, while indicating that the company expects to complete its 2004 Form 10-K filing and previously announced restatement during the third quarter of 2005.

The Group’s inflow of orders amounted to SEK 1,835 million (1,943), a decrease of 4 percent after adjustment for the effects of exchange rate movements.

Roper Industries, Inc. announced that Robert D. Johnson, Chairman of Honeywell Aerospace, has joined its Board of Directors. His appointment follows a national search and expands Roper’s Board to 11 members. Mr. Johnson has been appointed to the Board’s Compensation Committee.

Thomas Industries Inc. reported that its previously announced agreement to be acquired by Gardner Denver, Inc. has received all required regulatory approvals. The transaction is scheduled …

The Executive Board positions at Allweiler AG were rearranged in mid-March 2005.Klaus Stahlmann is now the CEO and Chairman of the Executive Board and Frank Kirchner is the CFO and Member of the Executive Board. Campbell Walton is no longer a member of the company’s Executive Board.

Gardner Denver, Inc. announced that it has amended its existing credit agreement to provide for a new $380 million five-year senior secured term loan facility from a syndicate of 22 lenders in connection with its planned acquisition of Thomas Industries Inc.

With double-digit growth in power and wastewater treatment markets this year, sales of filtration and flow control hardware and consumables will exceed $15 billion this year.

National Oilwell Varco, Inc. announced that John F. Lauletta, Chairman of the Board of Directors, plans to retire as Chairman at the Company’s 2005 Annual Meeting of Stockholders to be held this summer.