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.
Danish valve manufacturer Frese A/S acquired a 70% stake in DE Valves Glamsbjerg A/S, a maker of ball valves for district heating, effective April 1, 2020, with an option on the remaining 30%.