s & p 500 component industry water & fluid solutions valves & controls technical solutions founded arden hills minnesota july 6 1966 1966 07 06 1 2 headquarters worsley greater manchester uk incorporated in ireland revenue us 6.4 billion 2015 3 number of employees 27 600 worldwide may 2016 4 website pentair.com pentair plc pnr is a multinational diversified industrial company incorporated in ireland with tax residency in uk with its main u.s. office located in minneapolis minnesota . 6 pentair was founded in the us where roughly half of the company s revenue is derived as of 2015 . 7 however pnr was reorganized in 2014 shifting the corporate domicile from switzerland to ireland . 6 until a major restructuring in 2004 the company was primarily an industrial tool manufacturer . now the company s primary focus is water and fluid controls used in the energy food & beverage and manufacturing industries as well as infrastructure . 8 with fiscal year 2015 revenues of us 6.43 billion pentair employs more than 30 000 people worldwide . contents 1 history 2 mergers and acquisitions 3 discontinued operations 4 external links 5 references history edit pentair was founded in august 1966 as pentair industries inc. with the name derived from the greek root word penta alluding to the company s five founders and went public several months later . 9 pentair expanded its water product business acquiring the fleck controls control valve business in november 1995 . in august 1997 pentair acquired the general signal pump group . 10 mergers and acquisitions edit pentair expanded its water product business acquiring the fleck controls control valve business in november 1995 . in august 1997 pentair acquired the general signal pump group . 10 in 1999 under chairman president and chief executive officer winslow h. buxton pentair made a series of acquisitions . in april 1999 pnr purchased essef the global leader in the manufacture of composite water tanks pumps filters and other water equipment used in pools and spas for the cash equivalent price of approximately 312 million . 10 in august 1999 pentair bought the devilbiss air power company for 460 million in cash . 11 devilbiss mades air compressors pressure washers and generators which complemented pentair s professional pneumatics tools that were powered by air compressors such as dewalt and porter cable . in 2004 pentair bought wicor industries the former water systems subsidiary of wisconsin energy for 850 million . 12 wicor made water pumps filters and pool equipment components under the sta rite shurflo and hypro brands . in 2005 pentair bought some of the assets of apw for 144 million including mclean thermal management aspen motion technologies and electronic solutions 13 all of which provide thermal management products 14 and integration services to the telecom medical and security industries . this broadened pentair s technical products line to include markets outside of the traditional electrical and electronics businesses . in 2006 pentair purchased germany based jung pumpen gmbh 15 16 which makes pumps and other products for wastewater processing . the deal was completed in early 2007 for 227 million . 17 other acquisitions in 2005 and 2006 included acu trol inc. 18 delta environmental products selected assets of krystal klear and a 70 % stake in beijing jieming tiandi environmental equipment which was later renamed to beijing pentair water jieming which produces fiberglass reinforced pressure tanks and filters . the company has announced an agreement to acquire water filtration and separation firm porous media for approximately 225 million . it has said that it plans to continue an active course of acquisitions especially to grow its business outside the american market . in 2012 pentair inc. pnr and tyco international ltd. tyc s flow control business formally combined to create pentair ltd. the new company is described as a global manufacturer of water and fluid solutions valves and controls equipment protection and thermal management products . tyco shareholders now own approximately 52.5 % and former pentair inc. shareholders own approximately 47.5 % of pentair ltd. following this merger the new company was based in schaffhausen switzerland with 30 000 employees and 100 manufacturing plants in 30 countries . currently the headquarters are in worsley united kingdom . in august 2016 pentair announced that it has entered into an agreement to sell the valves & controls business to emerson an american diversified global industrial company based in st. louis missouri . the transaction is anticipated to be completed late in 2016 or early in 2017 and is subject to customary closing conditions and necessary regulatory approvals . discontinued operations edit pentair has discontinued its century lincoln and lincoln industrial service equipment operations . it also exited the tools business with the sale of its power tools group which had previously accounted for 40 % of sales in october 2004 to black & decker for nearly 800 million . 18 external links edit pentair corporate site pentair pool company history references edit pentair company profile at funding universe company profile at reuters pentair official new release pentair official site leadership . business week . retrieved 2013 08 012 . check date values in access date help a b pentair 2014 10 k filing . p. 1 . retrieved 2015 12 23 . pentair 2015 investor day presentation . p. 12 . retrieved 2015 12 23 . pentair corporate information . pentair company history . p. 1 . retrieved 2015 12 23 . a b c pentair s acquisition of essef corporation expands water segment opens new growth opportunities . april 30 1999 . retrieved 2015 12 23 . pentair a tools maker is making acquisition . august 14 1999 . retrieved 2015 12 23 . pentair completes acquisition of wicor industries . prnewswire . august 2 2004 . retrieved 2008 10 01 . pentair acquires thermal management company . eetimes . october 17 2005 . retrieved 2008 10 01 . pentair thermal management in russia . retrieved 2013 07 12 . pentair affirms 2007 profit target updates jung pumpen deal . marketwatch . the wall street journal . february 6 2007 . retrieved 2008 10 01 . pentair expands european pump presence with acquisition of jung pumpen gmbh . find articles business wire . december 11 2006 . retrieved 2008 10 01 . pentair inc 10 k for 12 31 06 . sec info . december 12 2006 . p. 5 . retrieved 2008 10 01 . a b pentair buys acu trol . pool and spa news . september 18 2006 . retrieved 2008 10 01 . v t e minnesota based corporations fortune 500 corporations by size unitedhealth group target best buy supervalu chs 3m u.s. bancorp medtronic general mills xcel energy ameriprise financial c. h. robinson worldwide mosaic hormel thrivent financial for lutherans ecolab st. jude medical nash finch other public companies pentair valspar patterson companies securian financial group regis polaris industries toro deluxe donaldson fastenal federated mutual insurance company mts systems corporation major non public corporations alphabetically andersen cargill carlson holiday stationstores land o lakes schwan food company securian financial group related topics list of companies based in minneapolis saint paul retrieved from https en.wikipedia.org w index.php title pentair & oldid 743689835 categories electronics companies of the united statescompanies based in minnesotacompanies listed on the new york stock exchangecompanies established in 1966swimming pool equipment1966 establishments in switzerlandhidden categories cs1 errors datespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact 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