Valmet has entered into an agreement to acquire Severn Group (Severn), a well-established industrial valve company, from Bluewater, a UK-based private equity firm. The acquisition covers all three Severn divisions: Severn Glocon, ValvTechnologies, and LB Bentley.
The acquisition further strengthens Valmet’s Process Performance Solutions segment and position as a leading provider of mission-critical valve and valve automation solutions and services. Valmet’s Flow Control business, known for brands such as Neles™, Jamesbury™, Neles™ Easyflow™, Valvcon™, Stonel™, and Flowrox™, delivers process performance across its strategic core industries, including Refining and Chemicals, Renewable Energy and Gases, as well as Mining and Metals. In 2024, net sales of Valmet’s Flow Control business were EUR 791M.
Severn’s net sales in 2025 are estimated to amount to approximately EUR 215M, with an EBITDA margin of around 16%. The company employs about 950 people and manufactures mainly in the UK, the USA, and India. Of its divisions, Severn Glocon and ValvTechnologies focus on severe service valve solutions for critical process industry applications, including refining and chemical, mining, as well as power, upstream oil and gas. LB Bentley is recognized as a market leader in high-quality sub-sea valves.
The transaction is valued at USD 480M on a cash and debt-free basis (approximately EUR 410M calculated at prevailing exchange rates), paid in cash upon completion. Valmet has entered into a committed financing arrangement with Danske Bank A/S and OP Corporate Bank to secure the funding for the acquisition.
The acquisition is estimated to be completed during the second quarter of 2026, subject to customary closing conditions.