Industry News

What’s happening and hot in the valve and actuation industry? Mergers and acquisitions, promotions, interesting development in end-user sectors, new project deals and so on.

Acquisitions Shape the Valve Market

A significant number of monthly valve company acquisitions are currently taking place.

Shell Appoints New Chief Executive Officer

Shell plc announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan.

Danfoss Canada Office Celebrates 70th Anniversary

On September 14, Danfoss marked the 70th anniversary of the opening of its Canada office.

Helios Technologies Closes Acquisition of Daman Products

Helios Technologies, Inc., a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced that it has completed the acquisition of Daman Products Company.

Parker Completes Acquisition of Meggitt PLC

Parker-Hannifin Corporation, the global leader in motion and control technologies, announced it has completed its acquisition of Meggitt PLC for approximately £6.3 billion.

Swagelok Company Receives 12th NorthCoast 99 Award

Swagelok Company has been named a 2022 NorthCoast 99 award winner by ERC, the Employers Resource Council.

Natural Disaster Planning in the Petrochemical and Energy Sector

When considering the impact of a natural disaster, the foremost consideration is the impact to people in the region.

Bosch Rexroth Strengthens Its Presence In North America

Bosch Rexroth, one of the world’s leading suppliers of drive and control technologies, will expand its presence in North America: A new plant is being built in Queretaro, Mexico.

Oliver Valves Progress Order For Marjan Project

Oliver Valves, working in collaboration with its sister company Oliver Twinsafe has reached phase two of production to fulfil a significant GBP7 million order to supply the Marjan Oil Field Development in the Arabian Gulf.

DeZurik Announces Extended Flange Urethane Lined Knife Gate Valves

A new Extended Flange Body design of DeZURIK’s successful KUL Urethane Lined Knife Gate Valve is now available.