# 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.

- Type: Acquisition
- Announced: 2019-07-05
- Where: Johannesburg, South Africa
- Value: $11.5M (165.0M ZAR)
- Status: announced
- Products: valves, pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Aveng](https://endata.com/companies/5254.md) (partner)
- [Copaflo](https://endata.com/companies/5255.md) (acquirer)
- [Aveng Dynamic Fluid Control](https://endata.com/companies/5256.md) (target)

## Sources

- [aveng.co.za](https://aveng.co.za/aveng-sells-valve-and-pump-manufacturing-subsidiary/), 2019-07-04: "Aveng Dynamic Fluid Control (DFC) to be sold to Copaflo Proprietary Limited for R165 million."
- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/aveng-sells-valve-and-pump-manufacturing-subsidiary-to-reduce-debt-2019-07-05), 2019-07-05: "Copaflo will settle the purchase consideration through R154-million in cash and an R11-million subordinated loan."

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