# Velan shareholders approve sale of French business to Framatome

Velan shareholders approved the sale of Velan's French subsidiaries Segault and Velan S.A.S. to Framatome for €170 million (US$177.6 million), with total consideration of US$201.1 million including an intercompany loan.

- Type: Acquisition
- Announced: 2025-03-20
- Where: Lyon, France
- Value: $177.6M (170.0M EUR)
- Status: announced
- Products: industrial valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Velan](https://endata.com/companies/441.md) (partner)
- [Velan](https://endata.com/companies/441.md) (target)
- [Framatome](https://endata.com/companies/3370.md) (acquirer)
- [TechnicAtome](https://endata.com/companies/12016.md) (acquirer)
- [Segault](https://endata.com/companies/12923.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/velan-shareholders-approve-the-sale-of-velan-s-french-business-867460105.html), 2025-03-20: "the proposed sale by the Company's U.K. direct wholly-owned subsidiary, Velan Valves Limited, of its direct French wholly-owned subsidiaries"
- [framatome.com](https://www.framatome.com/medias/framatome-acquires-velan-sas-and-announces-the-creation-of-a-valves-product-line/), 2025-03-30: "Framatome has announced the acquisition of Velan SAS from Canadian company Velan Inc."
- [framatome.com](https://www.framatome.com/medias/framatome-and-technicatome-announce-the-acquisition-of-segault-sas/), 2025-03-30: "Framatome and TechnicAtome have announced the acquisition of Segault SAS from Canadian group Velan Inc."
- [technicatome.com](https://www.technicatome.com/en/actualites/framatome-et-technicatome-annoncent-lacquisition-de-segault-sas/), 2025-03-31: "Framatome and TechnicAtome announced the acquisition of Segault SAS, a company owned by the Canadian group Velan Inc."
- [neimagazine.com](https://www.neimagazine.com/news/framatome-and-technicatome-strengthen-valve-supply-portfolio/), 2025-04-01: "Segault will retain its historical name but with a new visual identity."

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