53 articles about "Pentair"
The Chinese low-pressure membrane manufacturer has taken on $13 million of funding to exploit new markets. Does the quality of its products match the pedigree of its management?
CHART OF THE MONTH - Recent merger and acquisition activity in the water sector Vol 14, Issue 1 (January 2013)
This month’s chart shows M&A activity in the water sector. It reveals that 2012 was not a good year for water deals.
The bottoming out of key end markets – and a greater focus on margin improvement – ensured a strong outperformance for many water equipment stocks last year. Who will the winners be in 2013?
Aqualogy has been busy in Latin America this month, signing two contracts to provide technical assistance to Hidroven, the national agency for water and sanitation in Venezuela, and a further deal to provide similar services to a new Mexican joint venture company, Aguas de Ramos Arizpe, in which Aguas Saltillo (45% owned by Aqualogy’s parent Agbar) will hold 48%.
Christopher Gasson argues that a private equity sale is the most likely outcome, but it is not going to be an easy sell.
A flat performance for the GWI Global Water Index this month masked worrying declines at the French majors. Ranhill Utilities, meanwhile, is looking to return to the Bursa Malaysia in the new year.
IDE Technologies has replaced Kent Turner, the former head of its US arm, with Mark Lambert, who until recently served as vice president of corporate development at forward osmosis specialist HTI.
A mixed bag of second-quarter results had analysts scrambling to update their forecasting models for a number of mid-cap water stocks. Impressive gains at Sabesp and American Water drove the GWI Americas Index to a new high.
* Xylem has further bolstered its analytics business by acquiring Danish company MJK Automation A/S for DKK75 million ($12.3 million), equivalent to around 1.15 times sales. MJK manufactures flow sensors, as well as measurement and control technology for water and wastewater applications.
Declines at Veolia and Suez Environnement crimped the performance of the wider GWI Water Index this month. Meanwhile, a trio of issuers unveiled plans for dilutive secondary offerings.