IK Group launches new company, Izomax
“The global demand for AOGV isolation technology has led us to the decision to launch Izomax as a wholly owned but separate company” says Eirik Berge, CEO …
M&A
Proserv and Intelligent Plant pen new agreement to underpin alliance
Tie-up sees Proserv CEO Davis Larssen join Intelligent Plant’s Board and propels the rollout of collaborative digital technology services for the energy …
VAG Group acquires FKB in Brazil
VAG Group announced that, after the successful acquisition of RTS Group in 2022, it acquired a second company in Brazil – FKB Equipamentos Industriais Ltda. …
Gallagher Industrial Products announces acquisition of Charts
On January 1, 2023, Gallagher Fluid Handling completed the acquisition of Charts (Midland, TX). Charts manufactures high-quality American-made gas measurement …
Flowserve to acquire Velan in an all-cash transaction valued at approximately $245 million
Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, and Velan, a leading manufacturer of …
Trillium Flow Technologies acquires Coulter Valve Service
Trillium Flow Technologies announced the acquisition of Coulter Valve Service (CVS), a specialty valve field services provider. CVS specializes in on-site …
Well Services Group acquires Nitrovia
WSG Industrial Services has extended its reach into the European gas and petrochemicals sector with the 100 percent acquisition of French company Nitrovia for …
Motion & Control Enterprises acquires Precision Pump & Valve
On February 1, Pennsylvania-based industrial distributor Motion & Control Enterprises (MCE) announced its acquisition of Precision Pump & Valve (PPV). …
Vexve Armatury Group strengthens its position with the acquisition of Armatury Group GmbH
Vexve Armatury Group has acquired Armatury Group GmbH, which until now distributed Armatury Group’s valves for the energy, gas and metallurgy segments in …
CDI Energy Products acquires EGC Enterprises
CDI Energy Products, a global leader in high-performance polymer product manufacturing, announced the acquisition of EGC Enterprises, a leading producer of …