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M&A Deal Summary

KLINGER International Management Acquires Westad Industri AS

On October 15, 2013, KLINGER International Management acquired machinery company Westad Industri AS from Valco Group

Acquisition Highlights
  • This is KLINGER International Management’s 1st transaction in the Machinery sector.
  • This is KLINGER International Management’s 1st transaction in Norway.

M&A Deal Summary
Date 2013-10-15
Target Westad Industri AS
Sector Machinery
Buyer(s) KLINGER International Management
Sellers(s) Valco Group
Deal Type Divestiture

Target

Westad Industri AS

Geithus, Norway
Westad is a l designer and manufacturer of high performance and high pressure butterfly valves for use in liquefied natural gas (LNG), liquefied petroleum gas (LPG) and chemical applications within the oil, gas, chemical and mining industries.

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Buyer(S) 1

Buyer

KLINGER International Management

Gumpoldskirchen, Austria
Category Company
Founded 1886
Sector Machinery
DESCRIPTION

Klinger International develops high quality industrial seal and fluid control products.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

Valco Group

Ruffec, France
Category Company
Founded 1949
Sector Machinery
Revenue 45M EUR (2013)
DESCRIPTION

Valco Group manufactures and services industrial valves for a wide range of industrial applications. Valco Group supply valves and related products and services for applications worldwide within the Marine sector, Oil & Gas upstream, Oil & Gas downstream, and Energy & Industry, with cryogenic valves a specialty. Valco Group was founded in 1949 and is based in Ruffec, France.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 1 of 1
Type (Divestiture) 2 of 2
Country (Norway) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-12 Valco Valves & Automation AS

Agotnes, Norway

Sell £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Guichon Valves SA

Chambery, France

Guichon Valves SA manufacture valves for the chemical and pharma industry.

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