OneSubsea, a unit of SLB, has secured contracts to supply 16 Christmas trees for Petrobras' Buzios 10 project, and multiphase pumps for the Atlanta field operated by Enauta and the Wahoo field operated by Prio, all offshore Brazil. The contract values were not disclosed.
Unified Valve Group and VALWEST Equipment Ltd., operating as Process and Steam Specialties, have merged to form a single valve and steam equipment service business in Saskatchewan, Alberta, British Columbia and the Northwest Territories. The merger took effect on March 6, 2023.
Impro Group held a groundbreaking on March 1, 2023 for a new Impro Fluidtek campus in Zhenjiang, China, with a total investment of US$100 million and expected annual sales above US$150 million at full capacity.
ClydeUnion Pumps, part of Celeros Flow Technology, has secured a 10-year long-term agreement to provide pump maintenance and spare parts for EDF's nuclear power stations across France. The multi-million euro contract covers more than 850 safety-related pumps.
BEL Valves, based in Newcastle upon Tyne, has been awarded £5 million of contracts from contractors to supply over 200 hydraulically actuated break and HIPPS valves for an unconventional gas processing project in Saudi Arabia.
ADS Services' Power Chokes division and Sayatva LLC signed a global agreement to jointly supply pressure control equipment and systems for oil and gas drilling and production, with forging and in-country manufacturing across the US, Middle East and Southeast Asia.
Score Group Limited was awarded a five-year framework contract by National Grid Gas Transmission and Metering to procure, supply and stock valves and actuators across the UK gas network. The scope covers valves up to 48 inches and all pressure classes.
Baotou Steel's procurement centre published a proposed winning bid for valve procurement for the pump station of a new electric blower project at its Baotou plant in Inner Mongolia. Hebei Tianfu Heavy Industry Valve Co. offered the lowest evaluated price of RMB 55,795, and the notice was published on 2023-02-23.
Clow Valve won Oskaloosa City Council approval for its application to the Iowa High Quality Jobs Program and tax exemption for a $75 million expansion at its Oskaloosa plant. The planned expansion covers 36,000 square feet.
Sulzer completed its acquisition of Cardo Flow Solutions, a Malmö-based pump supplier for the wastewater market, for a total cash consideration of SEK 5.9 billion (CHF 852 million), on July 29, 2011.
Poclain invested $25 million in capital expenditure over two years at its Yorkville, Wisconsin plant, including a building extension and new motor and pump assembly line to meet demand.
Oliver Valves won multiple project packages on the North Field Production Sustainability project off Qatar, with orders for over 600 manifold units worth a total of £157k.
French firm Bleyer Holding signed an investment project for high-end industrial valves at the Rudong Economic Development Zone on 17 February 2023. The project totals $30 million and will have capacity of 40,000 valve sets per year once running.
Iowa approved a $318,000 award for Puck Customer Enterprises to invest in new equipment at its Manning facility, a $6 million capital investment expected to create 40 jobs by December 2025.
Iowa Economic Development Authority approved a $1.15 million award for Clow Valve Co. to modernize its Oskaloosa facility with new equipment and automation, a capital investment of over $68 million due by December 2024.
AXXERON took over the MOOG production site in Luxembourg on 1 October 2024, its first company acquisition outside Germany, to make servo cartridge valves and hydraulic control blocks.
A. Hock supplied four pressure regulating valves for compressors at compressor stations on the Baltic Pipe natural gas pipeline project, with Siemens as the customer.
ADL Trading House will build a new production complex on two hectares in Kolomna urban district, Moscow Oblast, to manufacture pipeline valves, investing 600 million rubles and creating 40 jobs. Commissioning is planned for 2025.
Flowserve agreed to acquire industrial valve maker Velan for approximately $329 million, as announced on 14 February 2023.
PumpTech, a portfolio company of Pike Street Capital, announced its acquisition of Dakota Pump Inc., a supplier of packaged pump stations and automated systems for water and wastewater markets, with three locations in South Dakota. The deal was announced on February 14, 2023.
Crossplane Capital's acquisition of specialty pump rental provider Pump & Integrity was merged with its portfolio company Griffin Dewatering, with Graycliff Partners providing subordinated debt and minority equity financing.
Flowserve agreed to acquire Canadian industrial valve maker Velan in an all-cash transaction valued at about $245 million (C$329 million), including equity and assumed debt. The deal is expected to close by the end of Q2 2023.
DelVal Flow Controls Pvt Ltd was awarded a contract worth about INR 38.44 lakh for control and on-off valves for the RFCC Revamp BR-9 expansion at an IndianOil refinery in Gujarat. The contract date is listed as 6 March 2024, which conflicts with the page's 2023 publication date.
Ferguson Marine (Port Glasgow) Ltd awarded a supply contract for valves to two winners, Hydrasun Limited and LK Valves & Controls Limited, with a lot value of £1 million. The award notice was published on 9 February 2023. The place of performance is Inverclyde, East Renfrewshire and Renfrewshire.
Trillium Flow Technologies announced its acquisition of Coulter Valve Service, a specialty valve field services company offering on-site nuclear and commercial maintenance, repair and modifications in the United States. The deal strengthens Trillium's North American aftermarket business. The deal value was not disclosed.
IperionX and Carver Pump have partnered to offer additively manufactured titanium pump components to the US Navy, with Carver designing the parts and leading qualification. The announcement is dated 7 February 2023.
Shanghai Valve Factory has started the renovation and expansion of its second-phase plant at 111 Zhongbai Road in Anting town, Jiading, Shanghai, with a total investment of 18 million yuan. Production is expected to start in early 2024, adding about 300 million yuan in annual output.
Danfoss has launched a new oil-free check valve for its Turbocor oil-free centrifugal compressors. The multi-function valve is designed to lower chiller installation and service costs and improve efficiency.
IMI Saudi Industry's Dammam facility signed its first Corporate Procurement Agreement with Saudi Aramco for severe service valves, effective 15 December 2022. The agreement is initially two years and extendable to ten years.
Baker Hughes Masoneilan shipped a package of API-6A severe service control valves for the Mero-3 FPSO in the Santos Basin, offshore Brazil, with the valves built at its Conde, France facility. Production on the field is expected in 2024.
The Bologovskiy Armature Plant (BAZ Industrial Group) started producing 15 to 50 mm ball valves for taps that it previously bought from other suppliers. It plans to make 600,000 units in 2023.
Mölndal Energi Aktiebolag awarded Armatec AB a contract to supply about 413 hand and control valves for a new district cooling centre, with a contracted value of 3,476,363 SEK.
Bosch Rexroth completed its acquisition of HydraForce, a US compact hydraulics specialist, after antitrust approval. HydraForce will be integrated into Bosch Rexroth's Compact Hydraulics Business Unit.
Atlas Copco has acquired Dekker Vacuum Technologies, a Michigan City, Indiana maker of vacuum pumps and systems. The deal value was not disclosed.
Standex International agreed to sell its Procon Pumps business to Investindustrial at an enterprise value of $75 million, subject to post-closing adjustments. The transaction was expected to close in February 2023.
The Macro special valve project of Jiangsu Salt Group (Suyan Group) said it secured a USD 20 million order for an oil pipeline in Mexico in January 2023. The project, in Nanan, Fujian, targets LNG and ultra-high-pressure valves.
NIBCO Inc. completed its acquisition of Matco-Norca LLC, a sourcing company for valves, fittings and plumbing products, which also includes sister company SVF Flow Controls LLC. Matco-Norca will operate as a wholly-owned subsidiary.
Ingersoll Rand Inc. bought Paragon Tank Truck Equipment, a Catersville, Georgia maker of blowers and pumps for tank truck loading, in an all-cash deal of about $40 million. Paragon has around 55 employees and revenue above $25 million.
Motion & Control Enterprises (MCE) acquired Precision Pump & Valve, a Lake Charles, Louisiana distributor and repairer of safety relief and control valves and pumps. PPV operates six facilities in Louisiana, Texas and Ohio. No deal value was disclosed.
The special valve project of Jiangsu Sunsalt Group reported a $20 million order for oil pipeline valves in Mexico, secured in January 2023.
Emerson is building an innovation and manufacturing hub at King Salman Energy Park (SPARK) in Saudi Arabia, to provide control systems engineering, testing and manufacturing of DP transmitters, control valves and solenoid valves, slated to open by December 2024.
Oliver Valves has secured a fixed three-year contract to supply a large range of valves to the Kaybob Duvernay project at Fox Creek, Alberta, Canada. Orders under the contract so far are worth over £500,000.
Berlin pump maker InLine Hydraulik bought a 13,000 sqm site in Stahnsdorf in December 2022 for a second production plant, starting with 200 jobs and possibly up to 400 later. Production is expected to start in about a year.
A pipeline valve production workshop costing 1 billion rubles, built by ООО Torgovy Dom ADL, received its commissioning permit in Kolomna, Moscow Oblast, on 17 January 2023. The 6,500 sq m facility created 55 jobs.
Helios Technologies is expanding its Daman Products plant in Mishawaka, Indiana by 50,000 square feet and adding a significant number of employees. The site will become a Center of Excellence for North American manifold operations, with relocation expected by Q3 2023.
Funds managed by PINOVA, together with NRW.BANK, have acquired VTI Ventil Technik GmbH, a Menden-based maker of high-pressure valves and regulators, from Aalberts N.V. The management team under Lutz Lohmann is investing alongside them.
Edwards Vacuum, part of Atlas Copco, is seeking incentives for a first phase of $212 million to build a semiconductor dry pump manufacturing facility at STAMP in Genesee County, New York. It would create 343 high-wage jobs.
Zigong Taiwell Valve Manufacturing is expanding its valve and control valve production line in Zigong's Gaoxin high-tech zone, with a total investment of 80 million yuan and annual capacity of 154,000 units, with trial production planned for April 2023.
Momentum Group signed an agreement to acquire 70% of Hydmos Industriteknik AB, a Stockholm maker of high-pressure hydraulic and gas systems. Closing is expected in February 2023.
The Bologovsky brass pipeline valve plant in Tver Oblast bought new machinery in 2022 and is preparing a new galvanic shop with capacity up to 5 million units per year. It plans to reach nearly 8 million units annually and set up three logistics hubs in 2023.