IN FOCUS

Selwood Group Limited, a leading plant and pump hire and sales company in UK, has reverted to full (100%) management ownership having completed a corporate finance transaction with 3i plc whose share capital and other interests in the company have been repurchased.

Pumpex introduces the new submersible pump GA 200 for clear and contaminated water. It is ideally suitable for many applications at farms, homes and gardens. Filling and emptying of pools and tanks, pumping out flooded basements and boats, irrigation and flushing or in permanent installations as a sump pump.

PCM Moineau Oilfield continues to expand its market shares on the North Asian market in the People`s Republic of China and strenghten its positions in south and central Asia-Pacific, i.e, in Australia, Indonesia, Thaïland, Myanmar, Malaysia, Brune and Singapore.

Pfeiffer Vacuum Technology AG, a leading manufacturer of high-quality vacuum pumps, components, and complete vacuum systems, announces its results as of September 30, 2002. For the first time since the end of 2001, quarterly sales increased slightly by + 2.5 %. Nine months’ profit margin was 12.9 % before tax.

It is expected that the 18th Pollutec, to be held in Lyons (France) from 26th to 29th November 2002, will break all records for participation. Two months before it opens and despite two expansions in area of nearly 10,000 gross square metres, the show is virtually full and has exceeded the forecast of 5% growth compared with the 2000 show. There will be a total of 2,250 exhibitors.

From 1 November, Grundfos takes over the rights to part of Danish pump manufacturer Svanehøj’s product range – large in-line pumps, used especially in the district heating sector but also used for air-conditioning. With this acquisition, Grundfos will be able to produce pumps with capacities of up to 4,000 cubic metres per hour equipped with motors of up to 600 kW.

The Institute of State Authorised Public Accountants and the Børsen newspaper awarded Grundfos the diploma of the best environmental report of 2002. The award ceremony took place at a conference on non-financial accounts information at Hotel d’Angleterre in Copenhagen on Wednesday, October 30, 2002.

KSB Aktiengesellschaft introduced a new electronic controller for the combined control of temperature and volume flow in radiator heating circuits. With the help of BOA® Systronic, a circulator pump’s rate of power consumption can be reduced by up to 50 % – and the make of the variable speed pump is of no consequence.

WHITE PLAINS, N.Y., — ITT Industries, Inc. (NYSE: ITT) announced that it has acquired Svedala Robot B.V., a leading manufacturer of high quality submersible pumps and pump systems used in wastewater applications. These pumps complement the range of pumps and pump systems that ITT Flygt currently offers to the wastewater market, and are expected to fuel additional growth for ITT Industries in this sector both in the US, Europe and Asia.

Lowara, leader in the production of the stainless steel pumps, part of the ITT Group, extends the range of the FHS cast iron centrifugal pumps.