Neles Completes Acquisition of Flowrox
Neles’ acquisition of the valve and pump businesses of the Finland-based technology company Flowrox has been successfully completed. With this acquisition, Neles expands its offering and exposure to the mining and metals industry.
#VMAnews
Edited by Margo Ellis
Share
Neles’ acquisition of the valve and pump businesses of the Finland-based technology company Flowrox has been successfully completed. With this acquisition, Neles expands its offering and exposure to the mining and metals industry, as stated in a press release.
“Diversification of our customer industries is a key component of Neles’ strategy. Flowrox is a well-known niche player in flow control within mining and metals, and it has the right offering and very strong competence and know-how. This acquisition will enable Neles to better leverage the attractive growth opportunities in minerals processing,” says Olli Isotalo, president and CEO, Neles.
“We are delighted to welcome 110 industry professionals to Neles. With our expanded offering, a wide service network, and industry-leading knowledge in mining, metals and slurry applications, we can make a difference in our customers’ sustainable productivity targets,” says Esa Lumme, head of Mining and Metals business, Neles.
The transaction includes the acquired businesses as well as customer agreements and the Flowrox trademark, which will be transferred to Neles. The acquisition was announced in July 2021 and it will be reported as of Q4 2021.
RELATED CONTENT
-
Valves in Space
All of these valves need to be built to precise fits and finishes and to stringent performance requirements because “On a spacecraft, everything has got to work. If it breaks, you’re done.”
-
The Role of Valves in HAZOP Studies
Process hazard analysis (PHA) is required by U.S.
-
Proper Care of Knife Gate and Slurry Valves
How to resolve—and avoid—field failures of knife gate and slurry valves
 Unloading large gate valve.jpg;maxWidth=214)
