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RMT Valvomeccanica officially acquired PIBIVIESSE, a ball and control valve producer, as part of the GIVA Group, with the transaction finalized on December 13, 2023. The companies will keep separate organisational and production structures.
Finav, the holding company of Italian steel processing conglomerate GIVA Group, has completed the acquisition of 100% of the shares of Pibiviesse, a valves and actuation business. GIVA expects synergies with its network of industrial plants.
CERTINA Holding completed the carve-out acquisition of Italian valve maker Pibiviesse S.r.l. from CIRCOR International for about EUR 20 million including earn-out.
CERTINA is acquiring Pibiviesse, the long-cycle upstream oil and gas engineered valve business of CIRCOR International, based in Milan, Italy. The business will be separated from CIRCOR and operated independently within the CERTINA Flow Control division.
Pibiviesse, a CIRCOR group company, designed and manufactured more than 2,400 actuated valves in 36 months for the engineering joint venture building the world's largest LNG trains. Valve sizes ranged from two to 42 inches.
