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