# Neway Valve offers EUR 11.3M to buy Germany's Econosto International

China's Neway Valve plans to acquire Dortmund-based flow control products maker Econosto International Holding for EUR 11.3 million (USD 12.5 million) to expand its international market share. Neway's board approved the plan, and the company said on Dec. 6 it will move on to an equity transfer deal.

- Type: Acquisition
- Announced: 2019-12-06
- Where: Dortmund, Germany
- Value: $12.5M (11.3M EUR)
- Status: announced
- Products: flow control products
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Neway Valve](https://endata.com/companies/769.md) (acquirer)
- [Econosto International Holding](https://endata.com/companies/5877.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-neway-valve-offers-usd125-million-to-buy-germany-econosto-to-expand-abroad), 2019-12-09: "China's Neway Valve intends to purchase German flow control products maker Econosto International Holding for EUR11.3 million (USD12.5 million) to widen its international market share."

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