Flowrox Sells Valve and Pump Businesses to Neles

Flowrox, a Finland-based company sold its valve and pump businesses to Neles, a listed Finnish manufacturer of industrial valves. The deal also includes the Flowrox brand. Flowrox’s industrial automation, environmental technologies and filter business are excluded from the acquisition and will continue under a new, later to be announced name and brand.

Flowrox Sells Valve and Pump Businesses to Neles

“In recent years, Flowrox’s operations have expanded in many areas through product development and acquisitions. Now it is time to focus. This business transaction will enable us to advance the remaining businesses to the next level. We see Neles as a great partner and a company who can further develop valve and pump businesses,” says Jukka Koskela, President and CEO, Flowrox.

With the transaction, approximately 50 % of Flowrox personnel will transfer to Neles. Acquisition closing is expected to take place in November 2021.

According to Neles, the acquisition will complement the company’s offering and exposure to the mining and metals industry.

“Diversification of our customer industries is a key component of Neles’ growth strategy. This acquisition is an excellent fit for Neles as Flowrox is a well-known niche player in flow control within mining and metals with the right offering and very strong competence and knowhow,” says Olli Isotalo, President and CEO of Neles. “Going forward, we plan to continue developing the transferring businesses as a platform for growing in a strategic focus industry.”

The purchase price of the valve and pump businesses is 40,9 million EUR, with additional earn-out consideration of up to 3 million EUR.

 

Further information:

Jukka Koskela, President and CEO, Flowrox Oy, +358 40 502 9100, jukka.koskela@flowrox.com

Olli Isotalo, President and CEO, Neles Oyj. Please contact Kaisa Voutilainen, +358 400 188414, kaisa.voutilainen@neles.com

Let’s talk and find the best solution for your business!

  • Select your location

  • Select field

Contact us

If you have something on your mind, just let us know! We are more than happy to answer all your inquiries.

Name(Required)
Hidden

Kauko Tanninen

President Central Asia

+7 708 102 24 66

Sergey Petukhov

Technical Director Central Asia

+7 916 213 21 76

Retha Schoeman

Sales Engineer Sub Saharan Africa and South Africa

+27 83 825 6805

Dan Stenglein

Sales Director North America

+1 667 500-2591

Sebastian Alcaino

Regional Sales Director South and Central America

+56977685284

Ronald Gaspar

Area Sales Manager South and Central America

+51 9 7973 5424

Sun Lin

Area Sales Manager, General Manager China

+86 21 52679628

Roope Kupias

Customer Support Manager, Finland

+358 40 860 4720

Dirk Otto

Sales Director, Central Europe

+49 (0) 2102 420 707

Thorsten Zogalla

Area Sales Manager SFP Filters, Central Europe

+49 7307 92170 116

Klaus Göde

Service Engineer, Central Europe

+49 (0) 162 408 88 58

Kimmo Angeria

Head of Field Services, Industrial Automation

+358 400 104 977

Ian Mayhew

Filter Spares Sales and Service Manager North America

+1 667 668 0006

Markus Saloniemi

Director, Industrial Automation

+358 40 571 9520

Goran Metiljevic

Product Manager, Powerflo Solutions

+61 2 8005 2131

Petteri Taavitsainen

Sales Director, Scandinavia, Baltics, Turkey, Middle East, India, Japan, Australia & Oceania

+358405071107