Pentair

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Pentair Ltd. is an industrial machinery company headquartered in Schaffhausen, Switzerland, withits main U.S. office located near Minneapolis, Minnesota. With 2013 revenues of US$ 7.5 billion,Pentair employs more than 30,000 people worldwide.

In Oct. 2001, a number of Pentair's Delta unit woodworking tools won top awards from the editors ofleading trade publications.[4]

Contents

1 Acquisitions

2 Mergers

3 Discontinued operations

4 External links

5 References

Acquisitions

In 2004 Pentair bought WICOR Industries, the former water systems subsidiary of WisconsinEnergy, for $850 million.[5] WICOR made water pumps, filters, and pool equipment componentsunder the Sta-Rite, SHURflo, and Hypro brands.

In 2005 Pentair bought some of the assets of APW for $144 million, including McLean ThermalManagement, Aspen Motion Technologies, and Electronic Solutions,[6] all of which provide thermalmanagement products[7] and integration services to the telecom, medical, and security industries.This broadened Pentair's technical products line to include markets outside of the traditionalelectrical and electronics businesses.

In 2006 Pentair purchased Germany-based Jung Pumpen GmbH,[8][9] which makes pumps and otherproducts for wastewater processing. The deal was completed in early 2007 for $227 million.[10]

Other acquisitions in 2005 and 2006 included Acu-Trol, Inc.,[11] Delta Environmental Products,selected assets of Krystal Klear, and a 70% stake in Beijing Jieming Tiandi Environmental Equipment(which was later renamed to Beijing Pentair Water Jieming), which produces fiberglass-reinforcedpressure tanks and filters.

The company has announced an agreement to acquire water filtration and separation firm PorousMedia for approximately $225 million. It has said that it plans to continue an active course ofacquisitions, especially to grow its business outside the U.S.

Mergers

In a major move in 2012, Pentair Inc. (PNR) and Tyco International Ltd. (TYC)'s flow controlbusiness formally combined to create Pentair Ltd. The new company is described as a globalmanufacturer of "water and fluid solutions, valves and controls, equipment protection and thermalmanagement products". Tyco shareholders now own approximately 52.5% and former Pentair Inc.shareholders own approximately 47.5% of Pentair Ltd. Following this merger the new company isbased in Schaffhausen, Switzerland, with 30,000 employees and 100 manufacturing plants in 30countries

Discontinued operations

Pentair has discontinued its Century/Lincoln and Lincoln Industrial service equipment operations. Italso exited the tools business with the sale of its power tools group (which had previously accountedfor 40% of http://www.power-eng.com/water-issues/water-treatment.html sales) in October 2004 toBlack & Decker for nearly $800 million.[11] Pentair then used that money to pay off much of theWICOR acquisition.

External links

Pentair corporate site

Pentair Pool

complete company history

References

^ Pentair company profile at Funding Universe

^ Company Profile at Reuters

^ Pentair Official site

^ "Pentair's Delta Tools Win Top Awards from Leading Trade Magazines".

^ "Pentair Completes Acquisition of WICOR Industries". PRNewswire. August 2, 2004. Retrieved2008-10-01.

^ "Pentair acquires thermal management company". EETimes. October 17, 2005. Retrieved 2008-1--01.

^ "Pentair Thermal Management in Russia". Retrieved 2013-07-12.

^ "Pentair affirms 2007 profit target, updates Jung Pumpen deal". Marketwatch (The Wall StreetJournal). February 6, 2007. Retrieved 2008-10-01.

^ "Pentair Expands European Pump Presence with Acquisition of Jung Pumpen GmbH". FindArticles/Business Wire. December 11, 2006. Retrieved 2008-10-01.

^ "Pentair Inc · 10-K · For 12/31/06". SEC Info. December 12, 2006. p. 5. Retrieved 2008-10-01.

^ a b "Pentair Buys Acu-Trol". Pool and Spa News. September 18, 2006. Retrieved 2008-10-01.

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