The Board of Directors of AB Volvo has decided to appoint Olof Persson, 46, currently President of Volvo Construction Equipment, as the new President and Chief Executive Officer of Volvo.
Industry News
Parker Hannifin refinances $1.5 billion credit facility
Parker Hannifin Corporation announced the company has successfully refinanced its syndicated credit facility at $1.5 billion over the next five years.
NFPA 2011 Conference wrap-up
Last month’s NFPA Conference was an excellent event, with plenty of insight on the future from a bevy of speakers.
Berkshire Hathaway to acquire Lubrizol
Berkshire Hathaway and The Lubrizol Corp. announced a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction.
Eaton to acquire Internormen Technology
Eaton Corp. announced it has agreed to acquire Internormen Technology Group, a leader in hydraulic filtration and instrumentation. The deal is subject to customary closing conditions and terms were not disclosed.
Preview of 2011 IFPE Technical Conferences
At IFPE 2011, the 52nd National Conference on Fluid Power will be the cornerstone of expanded education. The conference focus is on new technologies and methodologies within the fluid power industry related to improved analysis, design, manufacturing and performance of fluid power components and systems for mobile and industrial markets.
Helac launches online store for rotary actuator parts
Helac Corp. has launched a new e-commerce website that allows customers to buy seals, bearings and valves online for Helac’s standard Rotary Actuator product lines.
Daman’s Weinkauf presenting two papers at IFPE
Daman’s Tom Weinkauf will present two papers during educational programs on Thursday, March 24th at the IFPE Conference in Las Vegas. Both papers provide an update on standards work and Daman’s involvement in bringing those standards to the global industry.
College-level courses to be offered at IFPE
The NFPA is partnering with the Center for Compact and Efficient Fluid Power to host half-day, in-depth college level technical courses for practicing engineers at IFPE 2011 on March 21-22, 2011 at the Las Vegas Convention Center.
Attica Hydraulic Exchange joins forces with HRD
Attica Hydraulic Exchange has been acquired by the Private equity group Stonebridge LLC. Attica has worldwide presence in the industrial hydraulic product service areas and is known for fast service and quality products.