Indutrade expands

Indutrade’s subsidiary HP Valves BV in the Netherlands has signed a letter of intent to acquire all of the shares in Key Valve Technologies Ltd (KVT), (Seoul, Korea) with annual sales of approximately SEK 150 million. KVT is specialised in developing, engineering and manufacturing high quality valves for proper fluid flow control in high energy/severe duty applications. The company supplies valves to power generating and other severe duty industries world-wide.