IN FOCUS

GEA scores an ‘A’ for its transparency and performance on climate change by global environmental non-profit organization CDP. This marks the third time in a row that the mechanical engineering company has been included in CDP’s A list, which is the highest possible rating. According to CDP, GEA is only one of a small number of companies that achieved an ‘A’ – out of 21,000 companies scored.

PLEUGER announces its strategic acquisition of AVI International, a Connecticut-based specialist in the upgrade, repair, and service of rotating equipment. This acquisition signifies a major expansion into the North American markets, marking a new chapter in the company’s history of innovation and engineering excellence. The company also has manufacturing facilities in Germany and France.

Xylem Inc. reported fourth-quarter and full-year 2023 results. The company’s total revenue of $2.1 billion surpassed prior guidance, on continued strong execution and demand. Fourth-quarter earnings exceeded Xylem’s previous guidance.

GF has secured an “A” score, the highest possible, by the global rating agency CDP for transparency and performance on climate change, after the company was awarded an “A-” for three consecutive years. For its ambitions around water security, GF has maintained its previous rating of “A-”.

As of March 1, 2024, Andreas Wellmann will join the Board of Management of Voith Hydro with responsibility for the Projects business.

Busch Vacuum Solutions and Pfeiffer Vacuum are jointly constructing a new sales, systems and service center in Sisseln, Switzerland, 35 km east of Basel. The ground-breaking ceremony has recently taken place, and the new building is expected to be completed in 2025.

ABB announced that the Board of Directors will propose Johan Forssell and Mats Rahmström as new members for election at the company’s Annual General Meeting (AGM) on March 21, 2024.

Pentair plc today announced fourth quarter 2023 sales of $985 million. Sales were down 2 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 2 percent in the fourth quarter.

Type 1 diabetics entrust their lives to insulin pumps. That is why durable functional reliability is such an important feature of the small devices’ sealing mechanism. Freudenberg Sealing Technologies has now entered into a new purchase agreement for seals with the Swiss medical technology specialist Ypsomed that significantly exceeds the previous order volume.

In December 2023, WILO SE successfully secured the largest financing package in its over 150-year company history. A promissory note loan (Schuldscheindarlehen) totalling 270 million euros was placed in the international capital market and a syndicated loan totalling 300 million euros was refinanced among the core banks.