Aveng sells Dynamic Fluid Control valve and pump unit to Copaflo for R165 million

Aveng Limited agreed to sell its Aveng Dynamic Fluid Control valve and pump business, with operations in South Africa, Finland, USA, Brazil and Australia, to Copaflo for R165 million. The deal is expected to close by 31 October 2019.

“Aveng Dynamic Fluid Control (DFC) to be sold to Copaflo Proprietary Limited for R165 million.”aveng.co.za

• 2 sources
• aveng.co.zaAveng sells valve and pump-manufacturing subsidiaryJul 4, 2019
• engineeringnews.co.zaAveng sells valve and pump manufacturing subsidiary to reduce debtJul 5, 2019

Summarized from public sources; check the original articles before acting on it.