Last updateFri, 28 Feb 2020 5pm

Crane Co. Acquires CIRCOR Instrumentation & Sampling

On Dec. 30, 2019, CIRCOR reported that it's agreed to sell CIRCOR Instrumentation & Sampling to Crane Co. The transaction is expected to close early in the first quarter of 2020 and the complete transition will take place in the following months. CIRCOR Instrumentation & Sampling brands included in the sale include Hoke valves, Gyrolok fittings, Go regulators, CircorTech sample-conditioning products, Texas Sampling and Dopak sampling systems.

DistributionNOW Appoints Dick Alario as Interim CEO

NOW Inc. announced that its board of directors has appointed Dick Alario as interim CEO, replacing Robert Workman. Workman will no longer serve on the company’s board. The DistributionNOW board is in the process of engaging a search firm to assist with the recruitment of a full-time CEO. Alario has asked that he not be considered for the full-time CEO position.

Alario has served as a member of DistributionNOW’s board since the company’s spinout from National Oilwell Varco in May 2014, and he will remain a director while he serves as the company’s interim CEO. Alario has worked in the oilfield services industry for almost the entirety of his 43-year professional career. Most recently, he served as CEO and a board director of Key Energy Services.

Flowserve Appoints Amy Schwetz as CFO

Flowserve Corporation has appointed Amy B. Schwetz as senior vice president and chief financial officer, effective February 24, 2020. Schwetz joins Flowserve having been the executive vice president and chief financial officer at Peabody. She also serves on the board of directors for Dril-Quip, Inc.

DeZURIK Opens New Rapid Fulfillment Centre

On January 6, 2020, DeZURIK, Inc. announced the opening of a new 15,000 sq. ft. Rapid Fulfillment and Service Centre in Leduc, Alberta, Canada. The new Rapid Fulfillment and Service Centre will inventory a variety of valves, actuators and accessories required to meet the needs of facilities in the oil sands and mining industries of Alberta. In addition, the facility will offer full repair and rebuild services for DeZURIK products.

Emerson Named ‘Industrial IoT Company of the Year’ for Third Year in a Row

Emerson has been named the “Industrial IoT Company of the Year” by IoT Breakthrough for an unprecedented third consecutive year. The honor recognizes Emerson’s commitment to helping customers in industries such as chemical, life sciences, power, and oil and gas define and execute a practical and successful path to digital transformation.

IoT Breakthrough, which received more than 3,700 nominations for the 2020 competition, recognizes companies, technologies and products worldwide that set themselves apart in IoT categories ranging from industrial and enterprise, to consumer and connected home. Winners are selected by a panel of senior-level professionals experienced in the IoT space, including journalists, analysts and technology executives.


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