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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.
Gas TSO of Ukraine signed an agreement with Italy's RMT Valvomeccanica, part of GIVA Group, to manufacture and supply API 6D ball and control valves for the Ukrainian gas transmission system.
