IN FOCUS

Baker Hughes Incorporated announced today that Chad C. Deaton, 51, will become its chairman of the board and chief executive officer on October 25, 2004.

Pentair, Inc. announced today it has completed the sale of its Tools Group to The Black & Decker Corporation of Towson, Maryland, for approximately $775 million.

Hurricane Frances battered Florida for three days causing billions of dollars in damage. At least seven deaths were attributed to the storm and over 6 million people lost power. Municipalities were negatively impacted, including Martin County in southeast Florida and the Everglades.

Pentair, Inc. announced that antitrust waiting periods have expired, or clearance has been received from all regulatory agencies, for the planned sale of its Tools Group to The Black & Decker Corporation of Towson, Maryland, for approximately $775 million. Pentair said it expects to complete the transaction in early October.

IDEX Corporation announced that Thomas F. Giordano has been appointed to the newly created position of vice president -supply chain and logistics for the corporation.

ITT Industries continues to strengthen its capabilities as a water treatment solutions provider with the formation of Aquious – membrane filtration for advanced water treatment solutions.

The 10th edition of Pumps & Valves, the trade fair for industrial pumps, control valves, shut-off valves, services and accessories will be held from 13-15 October in the Antwerp Expo (Bouwcentrum), Antwerpen, Belgium.

Siemens Automation and Drives (A&D) now uses the “Simatic PCS 7 Asset Management” software for plant maintenance. The particular highlight here is that the new option is simply integrated into the Simatic PCS 7 process control system and there runs in parallel with the plant automation system.

ITT Industries,Inc. Space Systems Division has applied its more than 50 years of remote sensing expertise to the natural gas industry to enhance pipeline safety.

Franklin Electric, the world’s largest manufacturer of submersible electric motors and controls, announced that it will begin selling its submersible motor products in North America directly to water systems distributors in addition to its existing original equipment manufacturer (OEM) customers. The Company also announced that it had entered into a definitive agreement to acquire the assets of JBD, Inc., the former Jacuzzi Brand pump company, based in Little Rock, Arkansas.