Vexve

Aalberts sold BROEN A/S, a Danish valve manufacturer with about 500 employees and plants in Denmark, Poland and the United States, to Vexve Oy, a DevCo Partners portfolio company.

Vexve Oy agreed to acquire BROEN A/S from Aalberts N.V. on December 1, 2025, with completion expected between January 1 and June 30, 2026, subject to regulatory approval. BROEN reported revenue of about 82 million for 2024.

Finland-based Vexve Group completed its acquisition of Danish dynamic balancing valve manufacturer Frese A/S after finalising the FDI filing in Denmark. The transaction was completed on 31 January 2025, and the combined company has a turnover of approximately 200 million EUR.

Finland's Vexve Group is acquiring Denmark's Frese A/S, a valve manufacturer based in Slagelse, after 80 years of Frese family ownership. René Barington will remain CEO and operations in Denmark will stay intact.

Swedish public procurement body Sinfra awarded a framework contract for shut-off valves for district heating, district cooling and steam to seven suppliers, valued at 100,000,000 SEK, with the agreement running to around 2023-2026.

DevCo Partners signed an agreement to acquire ARMATURY Group, a Czech industrial valve manufacturer with about 550 employees and revenue of about EUR 60m, to combine it with its Vexve valve business.

Kalaneuvos, the largest fish smoking plant in the Nordics, completed a plant extension in Sastamala, Finland in 2019 that more than doubled production and created about 30 jobs. The extension uses an industrial ammonia central cooling system with Vexve valves.