Metso has signed an agreement to acquire South Korean valve technology company, Valstone Control Inc. (Valstone). The acquisition strengthens Metso’s control valve and service offering for customers in the oil and gas and power industries. Valstone’s globe valves add to Metso’s current wide portfolio of control valves. The acquired technology plays a key role in most critical processes with extreme pressures and temperatures. The acquisition follows Metso’s strategy and strengthens Metso’s market position in the growing Asian markets.
Valstone is a privately owned globe valve and service specialist company. Its customers include many of the leading South Korean petrochemical and power generation companies and engineering, procurement and construction (EPC) companies. Valstone’s net sales are less than EUR 10M.
“The acquisition of Valstone and the preceding investments confirm that we are in the business with a long-term strategy to continuously improve our technology offering and services to benefit our customers. Asian growth markets have a key role in our strategy. We invest heavily in these markets in order to serve our customers better, both locally and globally”, says Perttu Louhiluoto, President of Metso Automation.