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.

STATS Group Strengthen Management Board with Finance Director

STATS Group has strengthened its management board with the appointment of Ross Wallace as director. Ross joined the STATS in 2011 and has worked in several finance roles, including Group Financial Controller ahead of his promotion to Finance Director.

Anne McEntee Joins MRC Global’s Board of Directors

MRC Global Inc. announced that Anne McEntee has joined MRC Global’s board of directors.

Schlumberger Introduces ProcessOps

Schlumberger has announced the introduction of ProcessOps on DELFI. This collaborative, cloud-based solution creates a digital facility twin that uses artificial intelligence (AI) and automation with data and physics-based models to transform facilities workflows—maximizing throughput for the asset and reducing carbon intensity.

Fugitive Emissions Summit Americas 2022 is Here!

The Fugitive Emissions Summit Americas 2022, taking place on September 28th and 29th at the San Jacinto College's LyondellBasell Center

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.