# Wärtsilä divests Valves business to Evergreen Capital

Wärtsilä has sold 100% of Wärtsilä Valves Ltd to an affiliate of Evergreen Capital L.P. of New York. The UK valve maker, based in Brough with about 65 employees, had 2019 revenues of about EUR 15 million.

- Type: Acquisition
- Announced: 2020-10-01
- Where: Brough, United Kingdom
- Status: completed
- Products: nickel aluminium bronze valves, duplex valves, Shipham valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Wärtsilä](https://endata.com/companies/254.md) (partner)
- [Wartsila Valves](https://endata.com/companies/2157.md) (target)
- [Evergreen Capital](https://endata.com/companies/7083.md) (acquirer)
- [Shipham Valves](https://endata.com/companies/7093.md) (target)

## Sources

- [wartsila.com](https://www.wartsila.com/media/news/01-10-2020-wartsila-to-divest-its-valves-business-2789762), 2020-10-01: "The transaction was closed on the 1st of October."
- [business-live.co.uk](https://www.business-live.co.uk/manufacturing/222-year-old-business-shipham-19061231), 2020-10-06: "New York-based Evergreen Capital has swooped for the Finnish-owned Wärtsilä Valves Ltd, which included Shipham Valves in its group of global brands."

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