12092016Fri
Last updateFri, 09 Dec 2016 7pm

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Siemens Industry Acquiring Mentor Graphics for $4.5 Billion

Siemens and Mentor Graphics have entered into a merger agreement under which Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5 billion. Mentor will then be consolidated into Siemens Industry, according to the Atlanta Business Journal.

Mentor Graphics is headquartered in Wilsonville, OR and has employees in 32 countries worldwide. The acquisition will complement Siemens offerings in mechanics and software with design, test and simulation of electrical and electronic systems. 


GE Oil & Gas Signs Agreement with TAG GmbH

GE Oil & Gas has signed an agreement with TAG (Trans Austria Gasleitung) GmbH, a pipeline operator with stations across Austria, to install its new Tuning Maintenance Software (TUMAS) across TAG’s fleet of 16 PGT25 gas turbines. This is the first time this solution has been rolled out across an entire fleet and is the result of a long-term collaboration program between GE Oil & Gas and TAG. The new software will be installed on TAG’s fleet in the next three months. 

Apollo Valves Combining with Shurjoint Mechanical Groove Systems

Aalberts Industries, parent company of Apollo Valves, has acquired 100% of Shurjoint Piping Products USA, Inc., Haohan Metal (Kunshan) Co. Ltd. and Shurjoint Metals Inc., effective November 29, 2016. The acquisition will be led by Aalberts CEO Glenn L. Mosack and sr. vice president global sales and marketing Brian C. Ragone of the “Apollo” Flow Controls division.

Shurjoint; based in China, Taiwan and North America; develops, manufactures, sells and distributes grooved components for mechanical piping systems, generating an annual revenue of approximately $42 million. 

Largest Canadian Ethanol Producer Wins Emerson Reliability Award

Ethanol Greenfield’s Varennes, Quebec site won the 2016 Reliability Program of the Year at the Emerson Global Users Exchange in Austin. The site converts corn into fuel-grade ethanol, distillers grains, carbon dioxide and corn oil.

Emerson’s Reliability Program of the Year recognizes specific sites and reliability teams that are continually improving their reliability culture and programs. This year’s other finalists were the Bristol-Myers Squibb site in Devens, MA and CMC Steel in Cayce, SC. 

VMA Members Among Plant Engineering 2016 Product of the Year Finalists

Several VMA members are among this year’s Plant Engineering Product of the Year finalists. Emerson has products nominated in four different categories, while Siemens has several products nominated in a total of three different categories. Chesterton and Hunt Valve have products up for awards the Fluid Handling category, Spirax Sarco is up in the Energy Management category and Victaulic is nominated in Maintenance Tools and Equipment. 

Voting is now under way here.

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