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OMB Valves and PME opened a joint venture manufacturing plant in Abu Dhabi to produce OMB's engineered valves for the Gulf oil and gas sector.
Saad Eldin Gases is investing $3 million in a joint venture with Italy's OMB Valves to build an automotive valve plant in Abu Rawash, Giza, with a 70/30 stake split and production expected within six months.
Italian valve maker Gruppo OMB, through OMB Valves Spa, acquired Nencini Spa of Siena from Gruppo Ipi. Nencini makes large hydraulic valves for dams and hydroelectric plants, opening OMB's entry into the hydraulic valve market.
OMB Valves SpA of Bergamo, Italy completed its acquisition of BEL Valves S.r.l., the Milan operation of UK-based BEL Valves Limited. The business makes API 6D ball and gate valves and keeps the BEL Valves name for one year.
OMB Valves s.p.a. signed on 5 July 2017 to acquire the Vogt Valves division from Flowserve Corporation for approximately $28 million and completed the deal on 6 July 2017, with an expected gain of about $10 million for Flowserve.
