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Velan Inc. Acquires 70% of ABV Energy S.p.A., an Italian Valve Manufacturer

Velan Inc. has acquired 70% ownership of ABV Energy S.p.A., an Italian manufacturer of engineered valves, actuators and control systems supplied to energy markets. The Marianetti family will retain 30% ownership and Luca Marianetti will continue to be the President and CEO of the company, which will now be named Velan ABV S.p.A.

Source: Velan

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