Addtech acquires Advanced Valve Solutions B.V.
Addtech Process Technology, a business area in the Addtech Group, has today signed an agreement to acquire 100 % of the shares outstanding in Advanced Valve Solutions Holding B.V. (“AVS”). AVS is a niche provider of engineered high-end valves, steam attemperators and valve systems mainly to the power generation industry. AVS’s primary markets are Benelux and UK with increasing sales in other selected export markets. The company has an international organisation with 27 employees, is headquartered outside Amsterdam, The Netherlands, and has annual sales of approximately EUR 13 million.