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ERIKS aquired commercial activities of Valves Entreprise S.L., Bilbao, Spain

From

Executive board ERIKS nv

Telephone

+31-72 54 75 888

Date

27 November 2012

Subject


ERIKS aquired commercial activities of Valves Entreprise S.L., Bilbao, Spain

With effect from 15 November 2012, ERIKS acquired the commercial activities of Valves Entreprise S.L., a manufacturer of “Double Block and Bleed – Dual Expanding Plug Valves”, based in Bilbao, Spain.

Valves Entreprise is a well recognized company in the field of specialty valves. Founded in 1993, the  company is one of the leading manufacturers of Dual Expanding Double Block and Bleed Valves. With an innovative valve design and excellent service, Valves Entreprise is a well recognized brand and fully accepted in most of the leading industrial companies in the field of tank storage, refinery, bulk loading, naval and aviation re-fuelling systems and metering systems.

The addition of Valves Entreprise´s product portfolio will provide the ERIKS group with a set of strategic products for the fast growing tank-storage market.

Due to this acquisition Valves Entreprise S.L. will be renamed into “ERIKS Valves Entreprise S.L.” The new company will benefit from the engineering and innovation capacity of the ERIKS group providing a wide network of well established companies all over the world.
About ERIKS

Founded in 1940, ERIKS is a leading international industrial service provider offering a wide range of  high-quality mechanical engineering components and associated technical and logistics services. ERIKS’ current product range, including the technical and logistics services that form part of it, is divided into five core activities: flow technology, sealing technology, bearing and power transmission, including electromechanical services and condition monitoring, industrial plastics, and tools and maintenance products. ERIKS currently consists of more than 65 companies with branches in 27countries, serving over 200,000 customers. In 2011, ERIKS generated net sales of € 1.3 billion (USD 1.9 billion). ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a private-held family company with net sales in 2011 of € 17.3 billion (USD 24.1 billion).

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