ACI-Somagep, part of Parlym Group and distributor of industrial valves in Europe and Africa, has acquired Jiangsu Colves Fluid Control, a manufacturer of industrial valves based in Nantong (China), specializing in the oil & gas, petrochemical, power, infrastructure, and water treatment sectors.
The takeover also included the acquisition of the Italian company Colves Fluid Control, the brand’s distributor in Europe and worldwide.
This operation will enable ACI-Somagep to strengthen its supply chain management by ensuring control over the manufacturing quality of its valves.
Parlym, a major player in the international engineering field, offers a range of services for customers wishing to carry out industrial projects involving investments of up to EUR 80M in the energy sector. Employing nearly 1,200 people worldwide, the Parlym Group generated consolidated sales of EUR 171M on March 31, 2023, on services ranging from turnkey projects to the delegation of design and site personnel.
ACI-Somagep is a supplier of valves and pipes, specializing in the oil & gas, mining, petrochemical, and metallurgy sectors, with over 50 years of experience. Its equipment is manufactured using state-of-the-art techniques, capable of withstanding the most complex and demanding environments.
Colves is a manufacturer of industrial valves, founded in 1981, and over the years has become a well-known and recognized supplier to leading EPCs and end-users in Italy and around the world.
