IN FOCUS

With staff reductions and the closure of some regional offices Cardo Pump, one of Europe’s leading manufacturers of pumps, mixers and aerators for water and wastewater applications, industry, and the building services sector – well-known under its brand names ABS, Pumpex and Lorentzen & Wettre – plans to adapt to the market situation.

NEW YORK, Sep 27, 2001 /PRNewswire/ — Dover Corporation (NYSE: DOV) expects earnings per share in the third fiscal quarter ending September 30, 2001 to be in the range of $.15 to $.18 (before anticipated inventory reserve items discussed below). Dover reported comparable earnings of $.25 per share in the second quarter 2001, and earnings of $.67 per share in the third quarter last year.

MUSKEGON, MI – October 5, 2001 – SPX Corporation (NYSE: SPW) today announced that it will release its third quarter 2001 results the morning of Friday, October 19, 2001. John B. Blystone, Chairman, President and Chief Executive Officer will host a conference call at 9:00 a.m. EDT that same day.

NORTHBROOK, Ill., Sept. 25 /PRNewswire/ — IDEX Corporation (NYSE: IEX), today announced that its Board of Directors has declared a regular quarterly dividend of 14 cents per common share.

NORTHBROOK, Ill., Sept. 10 /PRNewswire/ — IDEX Corporation (NYSE: IEX),today announced that it expects earnings per diluted share for the third quarter to be in the range of 25 to 30 cents.

ST. PAUL, Minn., Aug. 29 /PRNewswire/ — Pentair, Inc. (NYSE: PNR) announced today that it has acquired 40 percent ownership of an Asian manufacturing business.

Bogart, Georgia, September 5, 2001 … Roper Industries, Inc. (NYSE: ROP) announced that it completed its previously announced stock acquisition of Struers Holdings A/S, Roper’s largest acquisition to date, for a purchase price of approximately DKK1,230 million (approximately $151 million) in combined cash and assumed debt. The purchase price represents approximately 7 times expected first-year EBITDA, and the transaction is expected to be immediately accretive.

Economy puts a damper on the business climate

European economies continued to weaken in the second quarter. The downturn in the German economy in particular does not appear to have bottomed out yet. And the subdued investment activity also led to a worsening of the business climate in mechanical engineering, including the pumps and valves industry.

In mid-2001, Frankenthal-based KSB Fluid Systems GmbH received a DM 50 million order for the supply of a pumping station and the complete electro-mechanical equipment for a new pipeline of about 140 km in Saudi Arabia.