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Franklin Electric Acquires Water Treatment Company

Franklin Electric Acquires Water Treatment Company
/EIN News/ FORT WAYNE, Ind., April 01, 2021 (GLOBE NEWSWIRE) Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that it has acquired Puronics, Inc. and its wholly owned subsidiaries, headquartered in Livermore, California, in an all-cash transaction. Puronics is a residential and commercial water treatment products and services provider operating four company owned service centers and serving approximately 133 independent water quality dealers with approximately 260 locations in 31 states. Puronics’ consolidated annual sales are approximately USD $24 million.
Don Kenney, President of Franklin Electric’s global Water Systems business, commented:
“We have identified water treatment as a strategic adjacency to our leading ground water pumping position globally. We are pleased to add Puronics’ strong market presence, quality focus and customer-service oriented approach to our water treatment businesse ....

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UK startup Britishvolt exploring potential SPAC merger

By Reuters Staff
2 Min Read
FILE PHOTO: A car is plugged in at a charging point for electric vehicles in London, Britain, March 6, 2018. REUTERS/Simon Dawson/File Photo
LONDON (Reuters) - Electric vehicle battery startup Britishvolt is considering going public, possibly through a merger with a special purpose acquisition company (SPAC), it said on Thursday, as it continues fundraising for a 2.6 billion pound ($3.59 billion) plant in England.
The startup has appointed Guggenheim Capital LLC and Barclays Plc to explore merger options, including a SPAC.
A wave of electric vehicle-related startups around the world have gone public over the past year, typically involving a reverse merger with a SPAC. The top performer among them last year was battery startup QuantumScape Corp. ....

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Future lineman explains what it takes to restore power during winter storms, other disasters

Future lineman explains what it takes to restore power during winter storms, other disasters
and last updated 2021-04-01 01:57:08-04
WACO, TX â During February s winter storm, power companies received heavy criticism from customers waiting for their power to return.
So 25 News went out to see what utility workers have to go through to get the job done. Along the way, we learned how hard folks have to work to get those utility jobs in the first place.
âI just recently changed a transformer,â said a beaming Ryan Sabatini, who plans to go boldly into the eye of the storm brewing after the Texas deep freeze. ....

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Completion of Chubu Electric Power Grid Hida Converter Station Equipped with Hitachi's Frequency Converters

Completion of Chubu Electric Power Grid Hida Converter Station Equipped with Hitachi s Frequency Converters
Contributing to a stable supply of electricity by enabling efficient interconnection between Tokyo and Chubu regions with HVDC Technology
TOKYO, Apr 1, 2021 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) announced that the operations of the Hida-Shinano frequency conversion facility have commenced, enabling the Shin-Shinano Substation of TEPCO Power Grid, Inc. (TEPCO) to be connected to the Hida Converter Station of Chubu Electric Power Grid Co., Inc. (Chubu Electric Power), to which Hitachi delivered a line commutate converter high-voltage direct current (HVDC) system.
The Hida-Shinano frequency conversion facility is a direct current transmission system with an interconnection capacity of 900MW, connecting the 60 Hz-based Chubu Electric Power area and the 50 Hz-based TEPCO area via an approximately 89 km long aerial cable. In the wake of the Great East Japan Eart ....

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nVent Electric plc: nVent Acquires Vynckier Enclosures, Strengthening Its Position in Protecting Electrical Infrastructure

nVent Electric plc: nVent Acquires Vynckier Enclosures, Strengthening Its Position in Protecting Electrical Infrastructure
Strengthens presence in high growth verticals within electrical infrastructure
nVent Electric plc (NYSE: NVT) ( nVent ), a global leader in electrical connection and protection solutions today announced that it has acquired substantially all the assets of Vynckier Enclosure Systems, Inc. The Vynckier product line is now part of nVent s Enclosures business segment.
A customer-first focused business based in Houston, Texas, Vynckier Enclosure Systems, Inc. produces high-quality non-metallic enclosures, and has approximately 80 employees, primarily supporting the manufacturing process.
The acquisition expands the nVent HOFFMAN portfolio with highly complementary Vynckier non-metallic enclosures and Soltection solar solutions, particularly in high growth verticals and applications, including solar, utilities and 5G where non-metallic enclosures ....

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