# AVK Group acquires majority stake in Croatian valve maker OMV-INDOIL

AVK Group has acquired a majority shareholding in Zagreb-based valve manufacturer OMV-INDOIL, which has sites in Croatia and Bosnia and Herzegovina, with founder Tomislav Matkovic remaining a minority shareholder.

- Type: Acquisition
- Announced: 2021-02-24
- Where: Zagreb, Croatia
- Status: completed
- Products: ball valves, butterfly valves, special valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [AVK Holdings](https://endata.com/companies/1273.md) (acquirer)
- [OMV-INDOIL](https://endata.com/companies/7651.md) (target)

## Sources

- [avkvalves.com](https://www.avkvalves.com/en/news/about-our-business/omv-indoil-joins-the-avk-group), 2021-02-24: "The AVK Group has acquired majority shareholding in OMV-INDOIL."

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