Velan

Velan shipped a valve package of more than 1,000 valves to Preem's Lysekil refinery in Sweden for the Hydrothermal Cleanup Unit, which supports renewable diesel and SAF production. The order covers gate, globe and check valves in several materials.

Velan and GE Vernova Hitachi Nuclear Energy signed a partnership agreement to explore deploying nuclear components for small modular reactor projects in Europe. The agreement was signed in Paris on June 17, 2026.

Montreal-based valve maker Velan plans a new facility in Durham Region, east of Toronto, to manufacture reactor integral and containment isolation valves for small modular reactors. The plan was announced alongside a partnership with GE Vernova Hitachi Nuclear Energy on June 17, 2026.

Following Birch Hill's takeover, Velan appointed Rishi Sharma as President and Chief Executive Officer and Imran Gibbons as Chief Financial Officer, while Jim Mannebach retired as CEO and Chair.

Birch Hill Equity Partners agreed to buy about 72.1% of industrial valve manufacturer Velan from the Velan family for C$13.10 per share, roughly C$204 million in gross proceeds. Closing is expected in the first half of 2026.

Birch Hill completed the acquisition of a controlling interest in Montreal-based valve maker Velan from Velan Holding and affiliated entities at C$13.10 per share, giving it about 72.1% of shares and 91.9% of voting rights.

Velan Inc. was awarded a valve order exceeding CAD 20 million by Ontario Power Generation to supply emergency cooling injection valves for three reactors being refurbished at the Pickering Nuclear Generation Station, with deliveries through January 2028.

Velan Inc. received a valve order worth more than CAD 20 million from Ontario Power Generation to supply emergency cooling injection valves for three reactors being refurbished at Pickering, Ontario, with deliveries through January 2028.

Velan Inc. has received a valve order exceeding C$20 million from Ontario Power Generation to supply Emergency Cooling Injection valves for three reactors being refurbished at the Pickering Nuclear Generation Station, with first shipment in January 2027.

Velan shareholders approved the sale of Velan's French subsidiaries Segault and Velan S.A.S. to Framatome for €170 million (US$177.6 million), with total consideration of US$201.1 million including an intercompany loan.

Velan Inc. was selected by GE Hitachi Nuclear Energy as a supplier for Ontario Power Generation's Darlington New Nuclear Project, North America's first small modular reactor, and signed a Main Services Agreement.

Canadian valve maker Velan signed a main services agreement with GE Hitachi Nuclear Energy as supplier for Ontario Power Generation's Darlington New Nuclear Project. GEH placed an initial purchase order for engineering support and critical valves for the first BWRX-300 SMR, with three more units planned by 2034.

GE Vernova's Nuclear business selected Montreal-based Velan Inc. to provide engineering support and manufacture valves for the first BWRX-300 small modular reactor at OPG's Darlington site in Ontario.

Bruce Power signed a 10-year alliance agreement with Velan Inc. to supply nuclear and non-nuclear valves and related services, valued at $50 million and possibly near $100 million. The work supports Bruce Power's Life-Extension Program in Ontario.

Bruce Power signed a 10-year alliance agreement with Velan Inc. to supply nuclear and non-nuclear valves and related services, worth $50 million and potentially up to $100 million, announced 8 July 2024.

France's Ministry of Economy blocked Flowserve's acquisition of Canadian valve maker Velan under its foreign direct investment review. Flowserve plans to terminate the arrangement agreement after the 7 October 2023 outside date.

Flowserve and Velan extended the outside date of their February 2023 arrangement agreement by 30 days to October 7, 2023, because regulatory approvals were not yet all obtained.

Flowserve agreed to acquire Velan in an all-cash deal valued at about $245 million (C$329 million), including assumed debt. The transaction is expected to close by the end of the second quarter of 2023.

Flowserve agreed to acquire industrial valve maker Velan for approximately $329 million, as announced on 14 February 2023.

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.

Flowserve agreed to acquire Velan, a Montreal-based industrial valve maker, in an all-cash transaction valued at about $245 million including assumed debt. The deal is expected to close by the end of the second quarter of 2023.

Velan's subsidiary Velan ABV was awarded contracts to supply multiple packages of actuated and manual high and ultra-high pressure forged valves to MODEC Offshore Production Systems (Singapore), with deliveries scheduled from late 2020 to mid-2021. The article gives no value for these specific orders.

Velan SAS, a Velan subsidiary, secured a contract with ITER for the tokamak cooling water system in southern France. The article reports a combined value of US$63 million for this and the MODEC contract.

Velan ABV, a Velan subsidiary in Lucca, Italy, received a contract extension from MODEC to supply riser and topside actuated valves and compact manual ball valves for the FPSO MV31 Guanabara, deployed at the Mero field operated by Petrobras. Deliveries are due mid to late 2019; the article gives a combined value of US$63 million for two contracts.

Velan GmbH, the German sales subsidiary of Velan, finalized a valve contract worth more than US$20 million. The valves go to a Russian boiler maker supplying 660MW units for the Barh supercritical thermal power plant, whose end user is NTPC in India.

Velan's subsidiary Velan ABV will supply over 1,500 API 6D and API 6A valves to MODEC for the MV30 Carioca FPSO deployed at the Sépia field offshore Brazil, worth USD 18 million.

Velan won contracts to supply API 6D and API 6A valves to MODEC Offshore Production Systems for the MV30 Carioca FPSO deployed at the Sépia field in Brazil's Santos Basin, with delivery scheduled by early 2019. The order is valued at $18 million.

Velan France, a subsidiary of Velan Inc., won contracts to supply nuclear-class valves to several Chinese nuclear engineering firms worth about US$36 million. Deliveries are scheduled for 2018 and 2019 for reactors at Fangchengang, Tianwan, Rongsheng, Sanmen, Haiyang and Lufeng.

Velan won a £42.3 million contract from NNB Generation Co (HPC) to supply nuclear valves for the two EPR reactors at Hinkley Point C in Somerset, to be manufactured in Lyon and Mennecy, France.

Velan will supply high-pressure gate, globe and check valves for two EPR reactors at Hinkley Point C in Somerset, UK, under contracts worth about US$55 million recorded in the fourth quarter of fiscal 2017. Delivery is scheduled for 2019-2021.

Velan Inc received contracts worth US$55 million to supply safety-related valves for third-generation nuclear reactors at Hinkley Point C in the U.K., with delivery scheduled for 2019-2021.

Velan was awarded supply contracts for forged, high-pressure ASME Class 1 nuclear valves from several Chinese nuclear engineering companies. The orders are worth about €33 million (US$36 million) and are for five nuclear power plants, with delivery in 2018 and 2019.

Velan's French subsidiary in Lyon was awarded contracts to supply nuclear-class valves to several Chinese nuclear engineering firms for new reactors, with orders valued at about $36 million, recorded in backlog November 28, 2016, with deliveries in 2018-2019.