# Parlym Group's ACI-Somagep acquires Colves valve makers in China and Italy

ACI-Somagep, part of Parlym Group, acquired Jiangsu Colves Fluid Control, an industrial valve manufacturer in Nantong, China, and its Italian distributor Colves Fluid Control. The deal strengthens ACI-Somagep's supply chain and gives it a manufacturing base in Asia.

- Type: Acquisition
- Announced: 2023-11-24
- Where: Nantong, Jiangsu, China
- Status: completed
- Products: industrial valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Aci-Somagep](https://endata.com/companies/11019.md) (acquirer)
- [Parlym Group](https://endata.com/companies/11020.md) (acquirer)
- [Colves Fluid Control](https://endata.com/companies/11021.md) (target)
- [Jiangsu Colves Fluid Control](https://endata.com/companies/11273.md) (target)

## Sources

- [industrialvalvenews.com](https://www.industrialvalvenews.com/featured/parlym-group-acquires-colves-china-and-colves-italy/), 2023-11-24: "ACI-Somagep, part of Parlym Group and distributor of industrial valves in Europe and Africa, has acquired Jiangsu Colves Fluid Control, a manufacturer of industrial valves based in Nantong (China)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.