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Rotork Acquires Valco Valves and Automation AS

Sunday, June 12, 2011  
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Rotork has acquired Valco Valves and Automation AS (VVA), its Norwegian sales and service agent, from Valco Group AS.

The gross assets acquired are worth approximately £2m, with a net cash outflow of £600,000.

Peter France, the Rotork Group's chief executive, said: "The acquisition of VVA strengthens our presence in the important Norwegian market. Our strategy is to provide our customers with local support and this acquisition continues our international expansion plan." More...

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