Tag: Velan

Flowserve and Velan Extend the Outside Date of their Arrangement Agreement

Flowserve Corporation and Velan Inc. announced that they have extended the outside date (the “Outside Date”) of the arrangement agreement.

Velan Shareholders Approve Acquisition by Flowserve

Velan announced that shareholders of Velan have approved the proposed arrangement resolution in connection with the arrangement agreement made as of February 9, 2023 among Velan and Flowserve.

Riggio Valve is Now an Authorized Level II Modification/Service Shop for...

Riggio Valve has been named by Velan, a world leader in industrial valves, as a Level II modification/service provider for its valves.

VELAN: Valves, and Volatile Temperatures

Quality that lasts. This is what Velan Inc., a world leader in steel valve manufacturing, promises its customers. Velan’s dedication to progressive innovation has allowed it to create valves that meet the critical industrial needs of the most demanding industries.

Velan Announces the Resignation of CFO

Velan Inc. announced that Benoit Alain has informed the Company of his decision to resign as Chief Financial Officer, for personal reasons.

Velan Inc Announces CEO Transition Plan

Velan Inc announced that in accordance with its succession plan, CEO Yves Leduc will leave Velan after seven years leading the Corporation.

Velan Names Benoit Alain as Special Advisor to the CEO

Velan has announced the appointment of Benoit Alain as its new Chief Financial Officer, as part of the planned succession of the Company’s finance department.

Velan Announces Appointment of Interim CFO

Velan Inc. recently announced that Rejean Ostiguy has informed the Company of his decision to resign as Chief Financial Officer, having accepted a leadership opportunity at a privately owned company.

Velan Makes Changes to its Board

Velan announced that James Mannebach has been appointed Chairman of the Board. The outgoing Chairman of the Board, Tom Velan, will continue to serve as a director of the company.

Velan Wins Major Offshore Valve Contracts

Velan Inc.’s wholly owned subsidiary Velan ABV has been awarded important contracts for the supply of multiple packages of actuated and manual valves to MODEC Offshore Production Systems (Singapore) Pte.