10222017Sun
Last updateThu, 19 Oct 2017 5pm

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Emerson Agrees to Acquire Paradigm

Emerson has agreed to acquire Paradigm for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 EBITDA. Paradigm will be joined with Emerson’s existing Roxar automation software. The acquisition is expected to close within the next 60 days, subject to various regulatory approvals.

Paradigm is headquartered in Houston and has more than 500 employees globally. The company provides an array of tools that enable customers to gain deeper insight into the subsurface, reduce uncertainty and support responsible asset management. 


ValvTechnologies Receives ISO 15848 Certification

ValvTechnologies’ EcoPack technology has received ISO 15848-1:2015 certification from Odin Heavy Industries. To earn ISO 15848 certification, ValvTechnologies underwent a stringent evaluation process that included a series of 17 helium leak tests and eight thermal cycles on a fully assembled valve over a period of 100,000 cycles. After test completion, the valve was disassembled and all sealing components were examined for notable wear and any other significant observations. Odin Heavy Industries verified the valve not only met but exceeded endurance testing standards of endurance class CC3 (100,000 cycles) at Class CH tightness. 

Emerson Acquires GeoFields, Inc.

Emerson has acquired GeoFields, Inc., a global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry. GeoFields software enables pipeline operators to collect critical integrity data, perform risk modeling and high consequence area (HCA) risk analysis and prioritize pipeline integrity-related maintenance and asset management activities. Terms of the acquisition were not disclosed. 

Rotork Supplying Thomson MRT Line in Singapore

Following the successful completion of a severe fire test, 1,300 Rotork actuators have been ordered for tunnel ventilation damper control in the latest stage of the Thomson Mass Rapid Transit (MRT) line in Singapore.

The order from a local damper manufacturer is for RC200 high temperature pneumatic actuators for installation on the fully underground sixth section of the MRT line. In addition to ventilation, the dampers are designed to provide vital safety related duties in the event of a fire. 

Metso Signs Four New Distribution Agreements in Brazil

Metso has signed four new distribution agreements for its valve products in Brazil. The new distributors - Loopserv, ERC, MLDA and S.S. Negócios Mercantis - reinforce Metso's presence in Brazil's important process industry hubs, covering the northeast and south of the country.

Together, the distributors cover several process industries, such as petrochemical, bioenergy, pulp and paper, refining, chemical, and grain processing. Each has a different focus in a specific industry in Brazil, reinforcing Metso's presence in areas with high demand for flow control solutions. The agreements were signed in 2017. 

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