Industry News

Sulzer acquires GTC Technology US, LLC, a technology company offering proprietary processes and systems for the production of aromatics and other petrochemicals. This acquisition strengthens Sulzer Chemtech’s leadership in petrochemical processes and expands its revenue base to process licensing and associated proprietary equipment and chemicals. The enterprise value is USD 39 million (CHF 39 million).

Following a year of fundamental changes and con­solidation, Frankenthal-based pump and valve manufacturer KSB has charted a course for growth and is looking back on a positive first quarter of 2019. CEO Dr Stephan Timmermann explained the company’s busi­ness development in 2018 at the Group’s Annual General Meeting at the Frankenthal CongressForum on 29 May.

Xylem reported first quarter 2019 net income of $79 million, or $0.43 per share. Excluding the impact of restructuring, realignment and special charges, the Company delivered adjusted net income of $94 million or $0.52 per share in the quarter.

Flowserve Corporation a leading provider of flow control products and services for the global infrastructure markets, announced its financial results for the first quarter ended March 31, 2019.