lewa secures its largest ever order
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WORLD PUMPS April 2014
www.worldpumps.com
Business news4
Weir Minerals expands service centre network
Xylem appoints new president and CEO
Weir Minerals Europe is adding
three new service centres to its
network.
The company will establish a new
facility in Kazakhstan during 2014,
while service centres in Morocco
and Italy were launched earlier
this year.
Each new facility off ers service
engineers to help extend the life-
cycle of products, alongside a full
suite of Weir Minerals products,
including pumps, valves, screens,
cyclones, rubber, and comminu-
tion equipment.
www.weirminerals.com
Xylem Inc has named Patrick
Decker as its new president and
CEO.
Decker, 49, joins Xylem from indus-
trial services company Harsco Corp,
where he was also president and
CEO. Before Harsco, Decker served
as president of Tyco Flow Control.
He succeeds Steven Loranger who
has led Xylem since Gretchen
McClain left the company last year. A
former chairman, president and CEO
of ITT Corp, Loranger will remain a
member of the Xylem board.
“The board of directors selected
Patrick because of his leadership
qualities, proven track record
leading large global businesses,
and extensive knowledge of the
water industry,” said Xylem
chairman Markos Tambakeras.
“Patrick understands the economic
and social implications
surrounding water, and sees
potential in Xylem’s unique port-
folio of technology and services to
solve the world’s toughest water
challenges.”
“I am energised to be back in the
water industry with Xylem’s strong
team, unmatched portfolio and
global footprint,” said Decker.
www.xyleminc.com
United Rentals to acquire National Pump
Flowserve to supply pumps for Shell project in Malaysia
United Rentals Inc is buying the
North American pump rental
company National Pump. The
US$780 million purchase price is
comprised of US$765 million in
cash and US$15 million in stock.
National Pump is a supplier of
pumps for energy and petrochem-
ical customers. Set up in 2007,
National Pump had revenues of
US$211 million and adjusted
EBITDA of US$103 million in the
last 12 months. Upstream oil and
gas customers represent about
50% of National Pump’s revenues.
The business has 35 branches,
including four in western Canada.
Under the terms of the agree-
ment, United Rentals is acquiring
the assets of National Pump &
Compressor Ltd, Canadian Pump
and Compressor Ltd, GulfCo Indus-
trial Equipment LP and LD Services
LLC.
United Rentals plans to double the
size of its pump business within
fi ve years.
Michael Kneeland, president and
chief executive offi cer (CEO) of
United Rentals, said: “This transac-
tion is an important step in our
strategy to create a company that
delivers strong fi nancial returns
through the cycle. We have been
executing against a plan to
strengthen and diversify our busi-
ness, as demonstrated by our 18
specialty cold starts in 2013 and
13 planned for 2014. National
Pump provides an attractive new
specialty off ering which increases
our penetration in growing end
markets and advances over time
our fi nancial goals of delivering
strong free cash fl ow and
improved returns.”
www.unitedrentals.com
www.npcrents.com
Flowserve Corp is to provide
custom-designed water injection
and liquid transfer pumps for
Sabah Shell Petroleum Co’s Malikai
oilfi eld project, which is located
110 km off the coast of Sabah,
Malaysia.
The US company will also supply
pumps for seawater lift, fi rewater,
drain caisson, fl are knockout drum,
circulation and sump services.
Built in accordance with ISO
13709/API 610, Flowserve will
provide four highly engineered,
variable speed drive barrel pumps
of super duplex stainless steel
construction. Two WIK (BB5) multi-
stage double case diff user pumps
will supply high-pressure deoxy-
genated water for well injection
and a pair of HSO (BB5) multi-
stage, double case volute pumps
will transport the crude from the
fi eld to the processing facility.
Flowserve will also deliver six WUC
(VS6) vertical, double case, multi-
stage pumps, six Pleuger submers-
ible pumps in super duplex
materials and six HPX (OH2) single
stage API process pumps for
various process services.
www.fl owserve.com
Lewa secures its largest ever orderLewa GmbH is to supply 40
process diaphragm pumps for
the development of two huge
off shore gas fi elds in the Persian
Gulf.
The order, valued at about €30
million, is the largest that Lewa
has received to date.
The Lewa pump systems will be
installed on 13 wellhead and two
tie-in platforms (drilling and
conveyor) and used at operating
pressures of 140 to more than 500
bar to inject monoethylene glycol
(MEG) and sulfur solvent.
www.lewa.com
WOPU0414_BusinessNews 4 27-03-14 11:22:42
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