At the end of last year Colfax Corporation delivered fifteen pumps and two pump skids to French oil and gas concern Maurel et Prom. The products are used in an oil field in Gabon.

Global positive displacement pump manufacturer will provide engineering and technical expertise to customers in region, including world’s largest oil companies.

Colfax Corporation announced it has completed its acquisition of Lubrication Systems Company (LSC) in Houston, Texas from shareholders of LSC. Terms of the transaction were not disclosed.

Allweiler AG has been producing pump parts at its own factory in Wuxi, China since the beginning of October. Starting in 2006, this plant will manufacture complete pumps for the Asian market.

Colfax Corporation announced it has completed its acquisition of the Zenith Pump division of Parker Hannifin Corporation.

The Colfax Pump Group announced the promotion of Mr. Klaus Stahlmann to the position of Colfax Pump Group Vice President and General Manager Allweiler.

AxFlow S.A. in Madrid, a company within the AxFlow Group, has acquired Colfax Bombas S.A. in Barcelona from the German pump manufacturer Allweiler AG, a Member of The Colfax Pump Group.

The German based NETZSCH Group announced, that it will join with the American COLFAX Corporation. COLFAX Corporation signed an agreement to acquire all shares of NETZSCH. The transaction is expected to be completed in May 2003, subject to regulatory approvals.

CIRCOR International, Inc. joins their brand Portland Valve in celebrating their 50 year anniversary. Originally incorporated June 29, 1973 with 5 employees, PV has grown to become a standard name in valves for both submarines and surface vessels over the past 50 years.

Watts Water Technologies, Inc. announced the appointment of Monica Barry as Chief Human Resources Officer.