IN FOCUS

MUSKEGON, Mich., Sept. 11 /PRNewswire/ — SPX Corporation (NYSE: SPW) today announced that its Lightnin business has acquired the assets and the ongoing business operations of the Plenty Group from Smiths Group plc.

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.

PEWAUKEE, Wis., Aug. 16 /PRNewswire/ — Waukesha Bearings Corporation, a subsidiary of Dover Corporation (NYSE: DOV) today announced that it has acquired Federal-Mogul RPB, formerly known as Glacier Rotating Plant Bearings, from Federal Mogul Corporation. The acquired business is a UK-based specialist engineering company providing hydrodynamic and magnetic bearing products and services tailored to customers’ needs in the power generation, oil/gas, chemical and industrial markets.

QUINCY, Ill., Sept. 4 /PRNewswire/ — Gardner Denver, Inc. (NYSE: GDI) reported today that it has signed a definitive agreement to acquire Hoffman Air and Filtration Systems (“Hoffman”) from Invensys plc. Hoffman, headquartered in Syracuse, New York, is a supplier of multistage centrifugal blowers and vacuum systems, primarily for wastewater treatment and industrial applications.

17 physically disabled persons have been employed at a sheltered workshop opened by international pump company Grundfos in its factory in Tatabanya, Hungary.

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.

Goulds Pumps, an ITT Industries company, is offering the A-C (Allis-Chalmers) NS series non-clog pumps for the pumping of wastewater and non-corrosive liquids with soft solids. Applications include: pumping raw sewage, lift stations, treatment plants, storm water, pumping stations, as well as dewatering.

Seneca Falls, New York, USA — July 9, 2001 — A new, fully illustrated 12-page brochure has been published which describes the full range of Goulds and A-C (Allis-Chalmers) pumps that are specifically designed for wastewater applications.