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Page 1: Daikin to acquire OYL Industries

Industry news6Filtration+Separation July/August 2006

In briefThe Water Technologies divisionof SSiieemmeennss IInndduussttrriiaall SSoolluuttiioonnssaanndd SSeerrvviicceess (I&S) has beenselected by PPeettrroobbrraass to providea produced water treatmentsystem for its P-53 FloatingProduction Storage andOffloading (FPSO) unit, locatedoff the coast of Brazil. Theproduced water treatmentsystem will include Monosepdissolved gas flotation (DGF)technology, which combines apatented floatation and DGFpump system.

www.siemens.com

AAqquuaa AAmmeerriiccaa IInncc has reachedan agreement with UUttiilliittiieess &&IInndduussttrriieess CCoorrpp to acquire NNeewwYYoorrkk WWaatteerr SSeerrvviiccee CCoorrpp in atransaction valued at US$51 million. Aqua America willpay US$28m in cash to acquirethe stock of the company andassume US$23 million in debt.New York Water Service providespublic water to approximately135,000 residents in an area ofLong Island, New York, USA.

www.aquaamerica.com

NNaallccoo CCoo has created anexclusive agreement withEEnnvviirrooqquuiipp IInncc to market Nalco’sPermaCare MembranePerformance Enhancers formunicipal membrane bioreactor(MBR) wastewater treatmentplants in the US. The combinedNalco/Enviroquip offering willhelp reduce capital andoperating expenses for new orexisting MBR systems, thecompanies claim.

www.nalco.com

The programme has beenannounced for the IInntteerrnnaattiioonnaallFFiillttrraattiioonn CCoonnffeerreennccee, organisedby Filter Media Consulting, whichwill take place in Osaka inNovember 2006. According tothe organisers, it will featuretopics about the potential ofbaghouse filtration; HVACfiltration; appliance filters and airpurifiers; activated carbonmedia; cabin air filters and otherautomotive filtration; nanofibretechnology; the latestelectrostatically charged filtermedia developments;HEPA/ULPA; testing standards;and membrane-N2 separation.

www.filtermedia-consulting.com

Camfil Farr has acquired IFLuftfilter AB (IF), a Swedishproducer of air and metal filters.Camfil Farr, which has grownstrongly in North America andAsia in recent years, says that it willconsolidate its Nordic home base asa result of this acquisition.

The company has also concludedan agreement in principle toacquire its German co-operationpartner within gas turbine andpower plant filters, Kaefer-RacoEngineering GmbH, to create anew division – Camfil Farr PowerSystems.

Kaefer-Raco and Camfil Farr’ssubsidiary, Camfil Industrifilter inBorås, Sweden, have co-operatedwithin areas such as developmentand production since 2002.

IF and Kaefer-Raco have combinedannual sales of SEK 460 millionand a total of approximately 200employees. The total purchase pricefor the two companies amounts toapproximately SEK 230 m, thecompany says.

“For Camfil Farr, these twoacquisitions will strengthen ourproduct range in the industrial filtermarket,” said Camfil Farr’s ceo,Alan O’Connell. “Both acquisitionshave a clear industry logic, whichin addition to enhancing theproduct range will provideimproved proximity to customersand a larger base for continuedresearch and product development.”

www.camfilfarr.com

Two acquisitions forCamfil Farr

Daikin to acquire OYL Industries Diversified manufacturingcompany Daikin Industries Ltd,based in Japan, has announced itsintention to acquire up to a 100%stake in OYL Industries Bhd, aMalaysian HVAC and air-filtrationbusiness. It plans to acquire theshares at a purchase price of 5.73Ringgit Malaysia (RM) (aroundUS$1.6) per OYL ordinary share,totalling approximately 7,608 RMmillion (US$ 2,000 million).

OYL is said to be the fourth-largestmanufacturer of large-scale

commercial air-conditioning andthe third-largest commercial air-filtration manufacturer in theworld, with revenue ofapproximately 168 billion yen andan operating profit of approximately11.5 billion yen for the fiscal yearending 30 June 2005. It specialisesin products/technologies andengineering in the applied businesssegment (and low-cost HVACproducts with its low-cost mass-production technology) and holds asolid presence in North Americaand Asia, Daikin reports.

Daikin adds that its acquisition ofOYL will strengthen its globalcompetitiveness in an ever-expanding HVAC market, which,it says, is likely to do well in thegrowing markets of Brazil, Russia,China and India. The increasingneed to save energy, and a newdemand for unconventional air-conditioning equipment with newnatural refrigerant technologies,also lead the company to grow inthis way, reports Daikin.

www.daikin.com

PPoowweerriinngg aahheeaadd iinn aa bbiidd ttoo ttaarrggeett iinndduussttrriiaall ppoolllluuttiioonn: Camfil Farr continues tostrengthen in the gas turbine and power plant filtration marketplace.

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