Armatec Group, part of Ernströmgruppen, has signed an agreement to acquire all of the shares in Dansk Ventil Center AS (DVC AS) and Valtor Offshore AS from ERIKS. DVC and Valtor will remain separate entities and the management teams of each business remain unchanged.
DVC AS and Valtor Offshore AS, have combined annual sales of approximately SEK 180 M and are leading suppliers in Denmark within their respective niches; valves for the Danish flow industry and valves & services for the offshore market. In connection with the takeover, the companies become distributors of ERIKS’ range of valves and supplementary products.
