Neles to acquire the valve and pump businesses of Flowrox to accelerate growth in mining and metals
Neles Corporation, Stock exchange release, inside information, July 27, 2021 at 08:45 a.m. EESTNeles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company Flowrox. The acquisition will complement Neles' offering and exposure to the mining and metals industry. The mining and metals market is expected to have strong short- and mid-term growth for the next decade, driven by the increasing demand for metals, ore depletion and underlying investments into more efficient processing. With good long-term fundamentals, service