08222017Tue
Last updateMon, 21 Aug 2017 7pm

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Setpoint Integrated Solutions Acquires GE’s Direct Channel Operations

Setpoint Integrated Solutions has acquired GE’s direct channel operations for the Consolidated and Masoneilan Sales and Services operations (formerly Dresser Direct Inc.). This transaction includes the Sales, Green Tag Center (GTC), and Masoneilan Authorized Repair Center (MARC) operations located in Deer Park, TX, Richwood, TX and Corpus Christi, TX.

Setpoint Integrated Solutions is the world’s largest Masoneilan and Consolidated Channel Partner and will become the sales and service provider for the newly acquired territories. In addition to the Masoneilan and Consolidated product lines, the acquisition will extend Setpoint Integrated Solutions’ representative territory for the Groth Corporation among other manufacturing partners. 


Metso Signs Distribution Agreement with Process Control Equipment

Metso has signed a distribution agreement for its valve products with Process Control Equipment (PCE) to cover UK, Benelux (Belgium, Netherlands and Luxembourg) and Spain. Under the non-exclusive agreement, PCE will add to its current portfolio of Metso's Neles and Jamesbury product families for all process industries in all countries.

PCE is amongst the largest, independently owned stockists and distributors of valves, actuators, pipes, fittings and instrumentation in Europe. PCE has been distributing Metso's Jamesbury valves in the UK since 2012. 

Emerson in Talks to Acquire Software Company Paradigm Ltd.

According to Bloomberg, Emerson is in talks to acquire software company Paradigm Ltd. for approximately $1.5 billion.

“Paradigm specializes in seismic data interpretation and imaging equipment to help oil and gas companies know where to drill. The logic of such a deal seems sound and will help Emerson stay competitive as GE merges its oil and gas business and industrial software expertise with Baker Hughes Inc. You can't really do something in oil and not talk about software these days.” 

VMA Members Lead MDM Top Industrial PVF Distributors List

Modern Distribution Management (MDM) recently published its Top Distributors list for 2017. Four of the top 5 distributors in the Industrial PVF category; MRC Global, NOW Inc., Wolseley Industrial Group and FloWorks International; are currently VMA members.

“While oil & gas markets have started to stabilize, the point of stabilization is below half of the price peak seen just a few years ago. As a result, many distributors that operate in this space are either streamlining operations to reduce exposure to the volatility or further diversifying the markets they serve to offset the challenging conditions,” MDM wrote. 

ITT Announces President of Industrial Process Business

ITT Inc. has appointed David J. Malinas as president of its Industrial Process business, reporting to Luca Savi, ITT's COO. In this role, Malinas will be responsible for delivering the strategic and operating plans of ITT's Industrial Process business, which employs about 2,500 people globally and had 2016 revenues of approximately $830 million. The business designs and manufactures an extensive array of highly engineered pumps and valves for the oil and gas, chemical, mining and industrial markets.

Malinas joins ITT from Thermo Fisher Scientific where he progressed through a number of roles of increasing responsibility, most recently vice president and general manager of the Controlled Temperature Technologies business unit. He also previously held business and manufacturing leadership positions at Danaher Corporation and Energizer Holdings. 

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