Pentair Ltd. is a focused diversified industrial manufacturing company comprising
three reporting segments: Water & Fluid Solutions, Valves & Controls
and Technical Solutions. Water & Fluid Solutions designs, manufactures,
markets and services innovative water management and fluid processing products
and solutions. Valves & Controls designs, manufactures, markets and services
valves, fittings, automation and controls and actuators. Technical Solutions
designs, manufactures and markets products that guard and protect some of the
world’s most sensitive electronics and electronic equipment, as well as
heat management solutions designed to provide thermal protection to temperature
sensitive fluid applications.
Pentair Strategy
Our strategy is to drive sustainable, profitable growth and return on invested
capital improvements through:
building operational excellence through the Pentair Integrated Management System
consisting of strategy deployment, lean enterprise and Rapid Growth Process,
which is our process to drive organic growth;
driving long-term growth in sales, operating income and cash flows, through
growth and productivity initiatives along with acquisitions;
developing new products and enhancing existing products;
penetrating attractive growth markets, particularly outside of the United States;
expanding multi-channel distribution; and
proactively managing our business portfolio for optimal value creation, including
consideration of new business platforms.
Pentair Ltd., formerly known as Tyco Flow Control International Ltd. (as used
prior to the Merger, “Flow Control”), took its current form on September
28, 2012 as a result of a spin-off of Flow Control from its parent, Tyco International
Ltd. (“Tyco”), and a reverse acquisition involving Pentair, Inc.
Competition
Water & Fluid Solutions faces numerous domestic and international competitors,
some of which have substantially greater resources directed to the verticals
in which we compete. Competition in Flow Technologies focuses on brand names,
product performance (including energy-efficient offerings), quality and price.
While home center and national retailers are important for residential lines
of water and wastewater pumps, they are not important for commercial pumps.
For municipal pumps, competition focuses on performance to meet required specifications,
service and price. Competition in Filtration & Process focuses on product
performance and design, quality, delivery and price. For Aquatic Systems, competition
focuses on brand names, product performance (including energy-efficient offerings),
quality and price. Competition in Water & Environmental Systems focuses
on price, quality, product performance and the ability to provide turnkey system
solutions. We compete by offering a wide variety of innovative and high-quality
products, which are competitively priced. We believe our distribution channels
and reputation for quality also contribute to our continuing market penetration.
The flow control industry is highly fragmented, consisting of many local and
regional companies and a few global competitors. We compete against a number
of international, national and local manufacturers of industrial valves, as
well as against specialized manufacturers on the basis of product capability,
product quality, breadth of product line, delivery, service capability and price.
Our major competitors vary by region and by industry.
Within Technical Solutions, Equipment Protection faces significant competition
in the markets it serves, particularly within the communications industry, where
product design, prototyping, global supply, price competition and customer service
are significant factors. However, consolidation, globalization and outsourcing
are visible trends in the Equipment Protection marketplace and typically play
to the strengths of a large and globally positioned supplier. The industries
and markets served by the Thermal Management business are highly fragmented,
comprising local markets and niches.