BASF and MAN Energy Solutions plan industrial-scale heat pump
2022-07-13
BASF and MAN Energy Solutions have entered into a strategic partnership to construct one of the world’s largest heat pumps at the BASF site inREAD MORE
Gjerdrum family acquires PG Flow Solutions from Enflow
2022-07-13
The Gjerdrum family has acquired 100% of the shares of Norwegian pump and liquid handling specialist PG Flow Solutions AS (formerly Ing Per Gjerdrum AS),READ MORE
Pfeiffer Vacuum introduces new multi-stage roots pumps ACP 90
2022-07-13
Pfeiffer Vacuum, one of the world’s leading suppliers of vacuum technology, introduces new multi-stage Roots pumps ACP 90, which are designed for oil- and particleREAD MORE
Roper Technologies Inc has agreed to sell a majority stake in its industrial businesses, including its entire Process Technologies segment and the industrial businesses within its Measurement & Analytical Solutions segment, to affiliates of private investment firm Clayton, Dubilier & Rice LLC (CD&R). Image © red150770 – stock.adobe.com. Roper will receive total upfront, pre-tax cash proceeds of approximately US$2.6 billion while retaining a 49% minority interest in a new standalone entity. The transaction includes the Cornell, FMI and Roper Pump businesses, as well as Alpha, AMOT, CCC, Dynisco, FTI, Hansen, Hardy, Logitech, Metrix, PAC, Struers, Technolog, Uson and Viatran. Together, these businesses generated approximately US$940 million of revenue and US$260 million of EBITDA in 2021. “This is the final step in Roper’s divestiture strategy to reduce the cyclicality and asset intensity of our enterprise,” said Neil Hunn, Roper Technologies’ president and CEO. “Selling a majority interest in these industrial businesses will provide Roper with significant upfront cash, while maintaining the ability to receive additional cash proceeds from the future exit of our minority interest.” “We are excited to partner with CD&R given their track record of successful corporate partnerships. Operating as a standalone entity will enable these businesses to build on their niche-leading strategies and continue creating value for their customers and shareholders,” added Hunn. John Stroup, operating advisor to CD&R Funds, will lead the standalone entity when the transaction closes.
2022-07-13
Andreas Neufeld, product marketing manager for Pumps & NPD Program Manager, Atlas Copco Power and Flow, puts a spotlight on dewatering pumps. Removing water isREAD MORE
Roper Technologies to sell majority stake in its industrial businesses to Clayton, Dubilier & Rice
2022-07-13
Roper Technologies Inc has agreed to sell a majority stake in its industrial businesses, including its entire Process Technologies segment and the industrial businesses withinREAD MORE
Seko adds to Wash Series for commercial laundries
2022-07-13
Seko has extended its award-nominated Wash Series laundry dosing pump systems with the introduction of WashDose Tunnel, a free-standing unit designed for continuous batch washerREAD MORE
CMOC’s KFM copper-cobalt mine scheduled to start production in 1H23
2022-07-05
CMOC has announced that the KFM copper-cobalt mine in the Democratic Republic of Congo (DRC) will start production in 1H23 and is expected to addREAD MORE
Gov’t determined to stop pollution of water bodies – Mireku Duker
2022-07-05
The Ministry of Lands and Natural Resources has reiterated the Government’s commitment to stop the pollution of water bodies by activities of illegal miners inREAD MORE
Barrick Gold’s Loulo-Gounkoto complex on track to meet production guidance
2022-07-05
Barrick Gold (TSX: ABX)(NYSE: GOLD) announced that at the halfway mark of the year, its giant Loulo-Gounkoto gold complex in Mali is on track toREAD MORE
Tietto Minerals reports more high-grade gold hits at Abujar project
2022-07-05
With six rigs working full time, Tietto Minerals (ASX: TIE) continues to wind out more drilling results from Cote d’Ivoire, including a hit of 131 grams perREAD MORE
