US, Europe Start Work on Ukraine Security Plan
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Yahoo
21 minutes ago
- Yahoo
Grundfos successfully completes acquisition of US water treatment company
The acquisition of Newterra enhances Grundfos' water treatment portfolio and is yet another important step towards Grundfos' ambition to become a global leader in water treatment HOUSTON, Aug. 20, 2025 /PRNewswire/ -- Danish company Grundfos, a global leader in advanced water solutions, has completed the acquisition of the Pittsburgh-based water and wastewater treatment solutions company Newterra. The acquisition underlines Grundfos' commitment in expanding its water treatment and wastewater solutions capabilities as well as Grundfos' strategic ambition to grow its presence in the US and Canadian markets. "The addition of Newterra is another important step to realise Grundfos' ambition to become a global leader in water treatment," said Inge Delobelle, EVP & Divisional CEO, Industry division, Grundfos, adding: "It enhances our ability to provide modular, efficient and scalable water and wastewater treatment systems to our customers both in the US and the rest of the world. With Newterra on board, we can offer more complete, energy- and water-efficient solutions to our customers, helping them treat, reduce and reuse water more effectively, offering one of the most comprehensive water treatment portfolios in the industry." Grundfos' revenue surpassed USD five billion in 2024, and with the inclusion of Newterra, the company's water treatment business will have more than 1,500 highly skilled employees across Europe and North America and revenues exceeding USD 350 million. Inge Delobelle: "In a world where it is more critical than ever that we treat, reduce and reuse water with great care, building a strong water treatment business is pivotal. In addition to combining the many strengths of Newterra and its excellent solutions and offerings with the Grundfos water treatment business, I look forward to welcoming a group of dedicated colleagues who share our passion for innovation, customer focus and ambition to create sustainable solutions to the world's water and climate challenges." Since 2020, Grundfos has completed a series of strategic acquisitions to build a strong water treatment platform. Building on these acquisitions, Grundfos plans to further strengthen its water treatment business. The company also aims to double its US business by 2030 and recently announced that it will expand its production footprint in the US by building a new plant in Brookshire, Texas, where the company has its US headquarters. Grundfos has acquired Newterra from the Chicago-based private equity firm Frontenac for an undisclosed fee. About Grundfos: Grundfos pioneers solutions to the world's water and climate challenges and improves the quality of life for people. As a leading global pump and water solutions company, we promise to respect, protect, and advance the flow of water by providing energy and water efficient solutions and systems for a wide range of applications for water utilities, industries and buildings. For more information, please visit: Water Treatment (Solutions) is part of Grundfos Industry Division and focuses on offering technologies and systems for treating water across various applications. The Water Treatment business supports circular water practices and improved water efficiency in industrial settings. It has five production sites in the US and Europe, located in Cadriano (Italy), Stilling (Denmark), Mandeville (Louisiana, US), San Diego (California, US), and Grudziadz (Poland). Learn more about what we do in Water Treatment: About Newterra: Newterra designs, engineers, manufactures, and services environmental, water, and wastewater treatment solutions that assure great performance, superb reliability, and the highest value in our global markets. The company offers a broad portfolio of reliable, trouble-free technologies and outsourcing support for municipal and industrial customers across diverse applications, including drinking water, industrial process water, wastewater, stormwater, and remediation. It has four production sites in the US and Canada, located in San Luis Obispo (California, US), Brockville (Ontario, Canada), Heber Springs (Arkansas, US), and Chaska (Minnesota, US). For more information, please visit About Frontenac: Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST®, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50+ years, Frontenac has built a franchise working with over 325 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit Contact: Stephanie Gentry, sgentry@ View original content to download multimedia: SOURCE Grundfos USA Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
23 minutes ago
- USA Today
What six wars did Donald Trump end? See the list of conflicts he claims as settled
As President Donald Trump continues to work toward peace between Russia and Ukraine, he is touting a record of settling six wars. "I've settled 6 Wars in 6 months, one of them a possible Nuclear disaster," Trump wrote on Truth Social on Aug. 18, before the meeting with European leaders and Ukrainian President Volodymyr Zelenskyy at the White House where he made a similar claim. "I know exactly what I'm doing, and I don't need the advice of people who have been working on all of these conflicts for years, and were never able to do a thing to stop them," the social meda comment continued. But did Trump really end six wars in six months? Here is what we know: More: Trump caught on hot mic talking to Macron: 'I think he wants to make a deal for me' Has Trump ended six wars? Since Trump took office, the United States has been involved in five ceasefires or peace agreements, though not all parties involved credit the U.S. for the agreements. Those include: When asked about the sixth war Trump was referring to, the White House also cited Ethiopia and Egypt. However, there has neither been a war or a peace agreement between the countries, according to Axios. Trump dealt with a dispute between the two countries in his first term as they were feuding over a huge hydropowerdam, the Grand Ethiopian Renaissance Dam. Egypt and Sudan have expressed concern that water flow to their part of the Nile River would be impacted, USA TODAY previously reported. Trump mentioned the countries in a July meeting with the NATO Secretary General where he rattled off other examples of settling wars. "We worked on Egypt with a next-door neighbor who is a good neighbor," he said. "They're friends of mine, but they happened to build a dam, which closed up water going into a thing called the Nile. I think if I'm Egypt, I want to have water in the Nile and we're working on that." The White House did not answer follow-up questions on how this constitutes a "settled war." More: A Nobel Peace Prize for Trump? World leaders are lining up What happened at the meeting between Zelenskyy and Trump? Zelenskyy's August trip to the White House had far fewer fireworks than the February visit, when he was berated by Trump and Vice President JD Vance. In addition to Zelenskyy, French President Emmanuel Macron, German Chancellor Friedrich Merz, Finnish President Alexander Stubb, European Commission President Ursula von der Leyen, NATO Secretary General Mark Rutte, Italian Prime Minister Giorgia Meloni and British Prime Minister Keir Starmer also attended the summit on Aug. 18. Zelenskyy, wearing a black suit instead of the military garb that drew comments in February, met with Trump in the Oval Office ahead of the wider group of foreign leaders. He also thanked Trump, something Vance had criticized Zelenskyy of not doing during the previous Oval Office spat. Trump then met with the European leaders in the White House East Room, saying they would know 'in a week or two weeks' if a deal to stop the fighting is possible. After the day of meetings with the European leaders, Trump called Putin to urge him to meet with Zelenskyy. Trump deemed it a step in the right direction. "Everyone is very happy about the possibility of PEACE for Russia/Ukraine. At the conclusion of the meetings, I called President Putin, and began the arrangements for a meeting, at a location to be determined, between President Putin and President Zelenskyy," he wrote on Truth Social. "After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself. Again, this was a very good, early step for a War that has been going on for almost four years." Although the meeting showed strong European unity, it was unclear whether major progress toward peace was made. Trump said the United States would help guarantee Ukraine's security in a deal, but did not clarify the extent of the commitment. He also appeared to dismiss the need for a ceasefire ahead of peace negotiations. Contributing: Joey Garrison, Swapna Venugopal Ramaswamy, Bart Jansen, Zac Anderson, Francesca Chambers, Josh Meyer, Kim Hjelmgaard, USA TODAY Kinsey Crowley is the Trump Connect reporter for the USA TODAY Network. Reach her at kcrowley@ Follow her on X and TikTok @kinseycrowley or Bluesky at @
The Hill
23 minutes ago
- The Hill
Live updates: Redistricting efforts take stage in California, Texas
Redistricting takes center stage on Wednesday, with California and Texas state lawmakers set to consider their efforts to gerrymander congressional districts to benefit Democrats in the West and Republicans in the Lone Star State. California Republicans have sued the state to stop the effort. Meanwhile, Newsom's social media trolling of Trump is racking up kudos from Democrats. High-level and behind-the-scenes discussions are aiming to find a peace deal for Ukraine and Russia, in the days after President Trump's meetings with presidents of both nations and European allies. NATO's military leaders will convene Wednesday to discuss the unfolding possibility of a Russia-Ukraine peace deal. Gen. Dan Caine, chair of the Joint Chiefs of Staff, and top U.S. military leaders met Tuesday night with European counterparts on Ukraine, a Trump administration official told NewsNation. Trump is working toward a meeting between Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin, who appears to be gaining a stronger hand in talks. Kirill Dmitriev, a Putin ally, on Wednesday accused Europe of getting in the way of progress. In D.C., Trump has only one event on his public schedule, a swearing-in ceremony at 4 p.m.
