17 July 2008
Web exclusive: July Industry Newz, 3rd edition
ABB signed an agreement to acquire U.S. transformer company Kuhlman Electric Corporation for an undisclosed amount from global private equity firm The Carlyle Group, to expand its power products portfolio in the Americas. Kuhlman Electric manufactures a wide range of high-quality transformers for the industrial and electric utility sectors. ABB installed its hoist systems at Kiruna, Sweden, operated by LKAB, a state-owned mining company, and a potash mine in Saskatchewan, Canada, run by Mosaic, a maker of fertilizer. The Kiruna mine is the world's largest underground iron ore mine and the largest hoisting plant in the world. Mine hoist systems are the most efficient means for transporting crushed ore to the surface from the mining area up to thousands of meters below ground. ABB won a $28-million contract for equipment to provide a new steel plant in Turkey, the largest single private investment in the iron and steel industry in Turkey with the capacity to produce 2.5 million tons of hot flat-rolled products and 1.2 million tons of cold rolled products. The plant will also produce galvanizing steel, dyed sheet steel, and rolled steel. ABB will supply static var compensator, which compensates for fluctuations in the voltage and current of power supplies that can harm production quality in industrial plants.
Mouser Electronics, Inc., signed a distribution agreement with Honeywell Sensing and Control to stock Honeywell products, including a basic and complex custom controls, pressure sensors, speed sensors, position sensors, and thermostats, as well as the Micro Switch product line of basic, limit, and sealed switches.
ABB Ltd. appointed Joseph M. Hogan as chief executive officer of the ABB Group, effective 1 September. Hogan is currently chief executive officer of GE Healthcare and is a member of the GE senior executive council. ABB started looking for a chief executive in February after Fred Kindle left over "irreconcilable differences about how to lead the company." Kindle joined ABB in September 2004 and took over as president and chief executive in January 2005. Over that time frame, he oversaw strong growth and a return to profitability.
Selectica, an enterprise contract lifecycle management and sales configuration solutions provider, appointed David Knowlton as vice president of global sales.
PAS, a software products and engineering services provider for the process industries worldwide, appointed Grant Ostvig managing director for its Middle East operations. Ostvig held management positions at Honeywell for more than 30 years, more than half spent in international sales for process control on five continents.