New Int’l Valve Group Created

Thursday, May 28, 2009

Valco Group announced its entrance into the market for industrial valves. The new group, with revenues of about $100m in 2008, currently operates in the oil & gas, marine and energy & industry sectors. Valco Group has been formed from the Norwegian and French valve operations of the former Flowtech division of Technor Group.

Valco Group, with its head office in Stavanger (Norway), has five operational units: The factory Westad Industri in Norway, the two French factories: Malbranque and SNRI, the sales and distribution company Valco Valves & Automation (Norway) and Technor Valve Services (to be renamed Valco Valve Services) (France). The Group has approximately 400 employees, and is owned by leading private equity investor and oil and gas specialist HitecVision, who acquired the Technor Group in 2006.

The companies in Valco Group have valves for handling of high pressures, low temperatures as well as sour gas (H2S). The Valco Group has defined four main market segments:
•    Oil & Gas upstream
•    Oil & Gas downstream
•    Marine sector (LNG and LPG vessels, oil and chemical tankers)
•    Energy and industry (power plants and chemical industry)

(www.valcogroup.no)
(www.westad.com)
(www.snri.fr)
(www.malbranque.com)
(www.t-va.no)

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Matson Completes Horizon Lines Acquisition

Matson, Inc. has completed the acquisition of Horizon Lines, Inc. which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities.

Wärtsilä Acquires L-3 MSI

Wärtsilä completes acquisition of L-3 Marine Systems International    Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems

BWTS Newcomer Sees Early Success

Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2357 sec (4 req/sec)