Mergers & Acquisitions - News
DENSO Corporation (DENSO), the second largest advanced automotive technology supplier in the world, has announced its investment in Certhon Group (Certhon), operating mainly in Europe and the United States, to expand the horticulture business in the global market. DENSO and Certhon will collaborate to develop and provide greenhouse solutions. agricultural production system While food demand increases as the global population continues to grow, the number of the agricultural population is decr...
Viessmann has continued its path of consistent growth for the third consecutive year, reporting global sales of EUR 2.65 billion, an increase of 6.4 percent, in 2019. The business grew by 5 percent in both 2017 and 2018. Seamless climate solutions Under the leadership of Prof. Dr. Martin Viessmann as Chairman and Max Viessmann as Co-CEO, the family business is progressing its strategic transformation from a traditional heating manufacturer to a provider of integrated solutions for living space...
The Bundesliga football team, Borussia Dortmund and the technology specialist, Wilo have extended their partnership, which has existed since 2011, by a further four years with effect from the upcoming season. “As partners who have been working together for a while now and have some joint plans for the future, we are united by our love for Dortmund. And as ambitious companies, we’re united by our passion and our resolve to always become a little bit better in every area,” state...
DENSO Corporation and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated announced the companies’ joint efforts in developing next-generation cockpit systems. In recent years, the amount of information provided by a vehicle to the driver has increased due to advanced driver assistance functions using cameras and sensors, as well as various entertainment functions. human-machine interfaces With these opportunities for vehicle-driver communication, human-machine interfaces...
On December 16, 2019, DENSO gladly announced the company’s 70th anniversary. DENSO CORPORATION was born in 1949 as “NIPPONDENSO CO., LTD.” in Kariya City of Aichi Prefecture. The company has continued to evolve and perfect its Monozukuri processes, overcoming many difficulties. human-centric mobility society To contribute to the realization of a new, human-centric mobility society that makes everyone happy and to continue to be a company that creates new value. That is...
With effect from 1 January 2020, WILO SE is expanding its Executive Board and appointing Dr. Patrick Niehr as a new member. With a view to continuing the successful work of the top management, the President & CEO, Oliver Hermes, had already his contract renewed in June ahead of time until 30 June 2025. Board members Mathias Weyers (CFO) and Georg Weber (CTO) have also had their contracts renewed ahead of time until 31 December 2024. Continued successful development “The Supervisory...
WILO USA LLC, a subsidiary of WILO SE, through its newly-established subsidiary, American-Marsh Pumps LLC., has acquired the assets of US manufacturer J-Line Pump Co. d/b/a American-Marsh Pumps. Headquartered in Collierville, Tennessee, American-Marsh Pumps currently employs 55 people. Strengthening market position “The acquisition of American-Marsh Pumps strengthens our strategic market position in the US, and expands the product portfolio for our customers in the Water Management, Indu...
Energy Solutions, Inc. announced it has completed the physical work at the La Crosse Boiling Water Reactor (LACBWR) Decommissioning Project. This includes remediation and removal of radioactive material including confirmation surveys and inspections necessary to demonstrate compliance with the NRC-approved License Termination Plan. Energy Solutions officially took operational control of the facility through an approved NRC license transfer process in June 2016 and immediately mobilized a workfo...
On Thursday, October 31, 2019, the Institute of Domestic Heating & Environmental Engineers (IDHEE) was incorporated with the Chartered Institute of Plumbing and Heating Engineering (CIPHE), in a move that will provide heightened professional and technical support to members throughout the plumbing and heating industry. Founded in 1964, the Institute of Domestic Heating & Environmental Engineers has been serving both domestic heating engineers and environmental engineers for 55 years. Wi...
Effective July 8, 2019, Victaulic has purchased Globe Fire Sprinkler. Combined, these two respected companies will have the resources and capabilities to bring exciting new solutions to the fire protection industry around the world. Steven Worthington, who will continue to serve the combined organization as President, Globe Fire Protection commented, “Victaulic brings additional financial resources to Globe, enabling added focus on innovation to support our customers and the industry.&rdq...
DENSO, the world’s second-largest mobility supplier, has partnered with Honeywell, a Fortune 100 company and aerospace manufacturer, to develop hybrid-electric and fully-electric propulsion systems for urban air mobility. By converging their automotive and aerospace expertises, DENSO and Honeywell seek to create propulsion systems that make air travel cleaner, quieter, more efficient and easier to maintain. Air mobility vehicles Urban air mobility is intended to provide more efficient m...
NevadaNano, a globally renowned company in LEL and flammable gas sensors, has announced that it will be a preferred provider to Sager Electronics, a renowned North American distributor of interconnect, power, and electromechanical components. As a result, NevadaNano will be able to provide their products to a larger audience. NevadaNano’s MPS sensors for Sager’s customers NevadaNano designs and manufactures high-performing flammable gas sensors “Sager is the renowned distrib...
Energy Solutions, Inc. announced the onsite completion of the SEFOR Test Reactor Decommissioning project located 20 miles from the heart of Fayetteville, Arkansas. The SEFOR test reactor, which was constructed in the 1960s, operated into the early 1970s before it was permanently shut down. The facility was transferred to the University of Arkansas, via Quit Deed, in the mid-70s for calibration and testing of nuclear instrumentation and ceased operations in the early 1980’s. Decommissioni...
Toyota Motor Corporation (Toyota) and DENSO Corporation (DENSO) announce that they have made a formal decision and reached an agreement toward concluding a contract to transfer core electronic component operations to DENSO. In June 2018, both companies reached a basic agreement to consolidate the core electronic component operations of both Toyota and DENSO within DENSO, and began detailed studies. Development functions and operations Currently, Toyota’s electronic component opera...
Laundrylux is pleased to announce TLC Tri-State Laundry Companies has joined the Electrolux Professional laundry distribution network. Founded in 1995 by Matthew Stephenson, TLC Tri-State Laundry Companies has grown from one individual to a support team of over 80 dedicated professionals with four locations in 6 states, including Atlanta, Charlotte, Lake Park, and Valdosta, home to its new 101,000 sq. ft. distribution facility. TLC Tri-State joins Electrolux distributor network “We coul...
In recent years, with the progress of science and technology, hydrogen energy has taken substantial steps in industrial application. Both government and industrial capital are actively promoting the development of the hydrogen energy industry. On November 30th, 2018, the Seminar on Demonstration and Application of Hydrogen Energy Projects was held at Fujian Snowman Co., Ltd. It was also the first seminar on the demonstration and application of hydrogen energy projects in Fujian Province held in...
On the 30th of November, 2018, the Chairman and CEO of Wilo, Oliver Hermes, met the French ambassador, Anne-Marie Descôtes, to discuss networks, location development and strengthening the Franco-German relationship. “Wilo’s activities in France are very important to us. Around 70 percent of our products are currently produced in France. There, too, we express our passion for technology through our work,” said Oliver Hermes during the visit by French ambassador Anne-Marie...
NAVAC, the globally renowned supplier of HVAC vacuum pumps, in addition to a wide array of tools, gauges, charging machines and other industry-specific items, will introduce the latest product in its Master Series at the 2018 HARDI Annual Conference, taking place from December 1 to December 4, 2018, at the JW Marriott Hotel, in Austin, Texas, USA. At the show, NAVAC will feature the debut of its new NP12DM Vacuum Pump, which offers an impressive flow rate of 12cfm for fast, heavy duty performan...
Rino Zarpellon is the Plant office Manager for Fiat CNH (until June 2002 Fiat-Hitachi) of San Mauro Torinese and, on the occasion of the recent intervention carried out in the plant by CARLIEUKLIMA, he worked for months in close contact with this company from Pordenone. New radiant heating system The contract involved the installation of a new radiant heating system in three large sheds This collaboration was created to highlight the problems and calibrate the right solutions based on the rea...
Siemens has strengthened its strategic partnership with Knauf Insulation, the UK’s renowned provider of high performance, sustainable glass and rock mineral wool insulation solutions. The next phase of the partnership will focus on enhancing efficiency at Knauf Insulation’s glass mineral wool plant in Cwmbran, South Wales. This builds on the work begun in 2015 at the company’s St Helens plant, which has already significantly improved the plant’s energy efficiency. Across...
EnergySolutions, Inc. announced that its Board of Directors has appointed Ken Robuck as President and Chief Executive Officer (CEO), effective June 30, 2018. Ken was previously President of EnergySolutions’ Nuclear Decommissioning division. David Lockwood, the current President and CEO, will remain with the company as Executive Chairman. Largest decommissioning contract "Ken is an outstanding pioneer with proven managerial and operational skills," said David Lockwood, adding...
Wilo Group has once again completed a successful financial year. Sales of around 1.4 billion Euros were significantly higher in 2017 than in the previous year, with the company continuing on its growth trajectory for the eighth consecutive year, with an increase of 7.4 percent. Sales adjusted for currency effects even grew by 8.5 percent. The consolidated earnings were also record-breaking, with the pump expert achieving an increase of 13.0 percent to 85.9 million Euros. Cash flow was also at a...
The 2nd Hydrogen Energy and Fuel Cell Industry Development Summit and the 1st International Hydrogen Energy and Fuel Cell Technology and Product Expo Foshan, China were held at Nanhai Thoughsand Lantern Lake, Foshan, Guangdong Province on Dec 6-9, 2017. Snowman, with its air supply compressors of AUTOROTOR (Sweden) and fuel cell technology of HYDROGENICS (Canada), was present at this Expo. Hydrogen Industry-Hydrogen Life-Hydrogen The theme of the Expo was Hydrogen Industry-Hydrogen Life-...
The Fuel Cell Initiative (IBZ) has given itself a new organizational structure, in order to take account of the further development of the market and the associated new tasks. This was shared by the Managing Director of the Federal Association of the German Heating Industry (BDH), Andreas Lücke and Dr. Timm Kehler, the Chief Executive Officer (CEO) of Zukunft Erdgas (Future of Gas), who participated in the German Heat Conference in Berlin. In future, both will also act as spokespersons for...
