Flowrox

Momentum Group, through subsidiary Börjesson Pipe Systems, signed an agreement to acquire 100 percent of Minrox AB, a Swedish specialist in flow technology for abrasive industrial processes. Minrox has about SEK 34 million turnover and operates from Huddinge and Motala. No deal value was disclosed.

Finnish valve maker Neles Corp has completed its acquisition of the valve and pump businesses of Flowrox. The completion was reported on 14 January 2022.

Neles Corporation completed its acquisition of the valve and pump businesses of Finland-based Flowrox on 1 November 2021. The deal adds 110 employees and mining and metals flow-control products to Neles.

Neles signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox, with about EUR 30 million of 2020 sales, for EUR 40.9 million in cash plus up to EUR 3 million earn-out. Closing is estimated for November 2021.

Finnish valve company Neles Corp signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox. The price was not disclosed.

Finnish valve and pump maker Flowrox Oy acquired NovaTek AB, a filtration technology company based in Sodertalje, Sweden, to grow in solid/liquid separation.

Rocsole and Flowrox are setting up the joint venture Flowrox Automation, headquartered in Kuopio, Finland, to manufacture and distribute Rocsole's Scaling Watch pipe scaling measurement solution. Flowrox's owner Capillary Oy will also buy a share of Rocsole.