Velan
- Company typePublic
- Founded1950
- HeadquartersMontréal, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Velan firmographics
Firmographics- Name
- Velan
- Legal name
- Velan Inc.
- Website
- https://velan.com
- Company type
- Public
- Founded year
- 1950
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Velan industry classification
Industry- Product category
- Industrial Valves
- NAICS
- Industrial Valve Manufacturing (332911)
- SIC
- Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Plumbing Valves & Controls (Shutoff, Mixing, Backflow) (IMADALAB)
- akta.pro secondary industries
- Pipe Fittings, Couplings & Connectors (IMADALAD), Valve Sites, Drip Pots & Appurtenances (EUAJABAF)
Keywords
Where Velan is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices13 records
Markets served
Velan business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Industrial Valve Sales: Manufacture and sale of high-performance industrial steel valves including gate, globe, check, ball, triple-offset, butterfly valves, and steam traps for critical applications in nuclear, power, mining, oil & gas, and petrochemical industries. Revenue from custom project orders and standard product sales.
- Aftermarket Services: Comprehensive lifecycle support including valve repair, refurbishment, maintenance, solutions-engineering, and genuine OEM spare parts. Services provided through global network of authorized service shops.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom Valve Solutions |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Velan product offering
Product offeringCore offering
Velan manufactures and sells a comprehensive range of industrial steel valves including gate, globe, check, ball, triple-offset, butterfly valves, steam traps, control valves, and automation solutions for critical service applications in nuclear, power generation, oil & gas, mining, refining, petrochemical, and cryogenic industries. The company also provides aftermarket valve repair, refurbishment, and maintenance services through a global network of authorized service shops, complemented by digital tools such as VelCert for material test reports and valve automation monitoring solutions.
Product overview
Velan offers one of the most comprehensive industrial valve product lines from a single manufacturer, serving critical applications across nuclear energy, power generation, oil & gas, mining, refining, petrochemical, and cryogenic industries. The portfolio includes gate, globe, check, ball, triple-offset, and butterfly valves, along with steam traps, control valves, and automation solutions. Key branded product lines include Securaseal® metal-seated ball valves for severe service applications, Torqseal® triple offset valves for tank farm and pipeline isolation, Proquip® dual plate check valves, and the original Velan Universal steam trap. Beyond new valve products, Velan provides comprehensive aftermarket services including repair, refurbishment, maintenance, and genuine OEM spare parts through a global network of authorized service shops. Digital solutions including VelCert for material test reports and performance monitoring tools complement the physical product portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- Securaseal: Metal-seated ball valves for severe service applications including mining, petrochemical, and refining.
- Torqseal
- Proquip
- Velan ABV
- Memoryseal
- Velan ValTEX
Products and services
- Securaseal Metal-Seated Ball Valves Metal-seated ball valves designed for severe service applications in demanding environments including mining, petrochemical, and power generation.
- Torqseal Triple Offset Valves Triple offset butterfly valves offering reliable bubble-tight isolation for tank farms, pipelines, and process applications.
- Proquip Dual Plate Check Valves Dual plate check valves for reliable backflow prevention in industrial process applications.
- Cast Steel Gate, Globe, and Check Valves Standard cast steel valves for general industrial applications in power, oil & gas, and process industries.
- Pressure Seal Valves High-pressure pressure seal valves designed for demanding power generation and process applications.
- Small Forged Valves (Gate, Globe, Check) Compact forged steel valves for nuclear, power, and industrial applications requiring reliable performance.
- Large Forged Bolted Bonnet Valves Heavy-duty forged valves with bolted bonnet construction for critical nuclear and power applications.
Quantifiable outcome
- Fugitive emissions below 100 ppm threshold with mean average of ≤25 ppm, qualified to API 622, API 624, API 641, and ISO 15848-1 standards
- +2 more outcomes
Companies that use Velan
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Velan technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Velan partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and supporting.
- GE Vernova Hitachi Nuclear Energy (GVH)corePartnership to explore opportunities for deploying nuclear components for small modular reactor (SMR) projects in Europe. Velan plans to build new manufacturing facility in Durham Region east of Toronto to produce reactor integral isolation valves and containment isolation valves for SMRs. Each new reactor expected to bring up to $70 million in new investment to Ontario. Part of de-risking nuclear supply chain against $600 billion+ global SMR investment expected in coming decades.
- Ontario Power Generation (OPG)coreCAD 20 million valve order awarded to Velan for supplying emergency cooling valves for three reactors at Pickering Nuclear Generation Station refurbishment. Order scheduled for delivery between January 2027 and January 2028 supporting nuclear refurbishment and safety standards.
- GEH SMR TechnologiescoreMain services agreement secured for the first small modular reactor in North America, marking significant entry into SMR market.
- Bruce PowercoreAlliance agreement for valve supply and related service work with Canada's major nuclear power operator.
- Leading Universities and Research InstitutionssupportingCollaborating with leading universities and research institutions to develop advanced coatings that significantly enhance valve durability in severe service applications.
Scale indicators11 records
Recent moves9 records
Expansion highlights5 records
Velan competitors and assessment
Company assessmentDirect peers
- Flowserve Corporation: One of the world's largest manufacturers of pumps, valves, and seals for power, oil & gas, chemical, and water industries. Directly comparable to Velan across nuclear, power generation, and process industry valve portfolios.
- Crane Company: Diversified industrial manufacturer with a major process flow technologies segment producing valves and fittings for chemical, refining, and general industrial applications. Closely matches Velan's cast and forged valve portfolio.
- IMI plc: UK-listed specialist engineering company focused on valves and actuators for severe-service and process industries. Highly comparable given overlap in critical-service valves for power, petrochemical, and oil & gas.
- CIRCOR International: Manufacturer of flow control products including severe-service valves for power, process, and naval applications. Comparable nuclear and power-generation valve exposure to Velan's core lines.
- KSB SE & Co. KGaA: Global manufacturer of pumps, valves, and related systems serving power, water, mining, and process industries. Overlaps with Velan in industrial valve and severe-service applications across Europe and Asia.
Broad incumbents
- Emerson Electric (Valves & Controls): Large industrial conglomerate with a major valves and controls unit (formerly Fisher Controls) serving process industries globally. Significantly larger and broader than Velan but directly competes in nuclear, oil & gas, and power generation valves.
- Baker Hughes: Large oilfield services and industrial equipment company with valve and surface wellhead product lines. Comparable in oil & gas upstream and midstream valves but operates at much larger scale and broader scope.
- Pentair: Diversified water and fluid solutions provider with industrial valve offerings. Overlaps with Velan in flow control but more focused on water treatment and commercial/residential than critical-service industrial.
Regional players
- Mueller Industries: US-based manufacturer of copper, brass, aluminum, and plastic products including valves for plumbing, gas distribution, and industrial markets. Comparable valve manufacturing activity but primarily North American and more plumbing-focused than Velan's nuclear/process specialization.
Emerging players
- Curtiss-Wright Corporation: Engineering firm with nuclear and defense valve products serving naval reactors and nuclear power markets. Comparable specialty nuclear valve exposure similar to Velan's Segault heritage (now divested), making it a meaningful adjacent competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Velan social profiles
Digital presenceVelan compliance and trust
Trust signalCompliance13 records
Velan financial estimates
Financial estimateRevenue estimate
Valuation estimate
Velan leadership team
Management profileNumber of profiles
Profiles9 records
Velan subsidiaries and ownership
Company hierarchySubsidiaries12 records
Velan funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Velan M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Velan
What does Velan do?
Velan manufactures and sells a comprehensive range of industrial steel valves including gate, globe, check, ball, triple-offset, butterfly valves, steam traps, control valves, and automation solutions for critical service applications in nuclear, power generation, oil & gas, mining, refining, petrochemical, and cryogenic industries. The company also provides aftermarket valve repair, refurbishment, and maintenance services through a global network of authorized service shops, complemented by digital tools such as VelCert for material test reports and valve automation monitoring solutions.
Is Velan a public or private company?
Velan is a public company. It is classified as public and is currently operating.
When was Velan founded?
Velan was founded in 1950. It employs 1,001 to 5,000 people.
Where is Velan based?
Velan is headquartered in Montréal, Canada, in the North America region.
How does Velan make money?
Two revenue lines are on record. Industrial Valve Sales are the primary driver. The others are aftermarket Services.
Who are Velan's main competitors?
Direct peers on record are Flowserve Corporation, Crane Company, IMI plc, CIRCOR International and KSB SE & Co. KGaA. Broad incumbents are Emerson Electric (Valves & Controls), Baker Hughes and Pentair. Mueller Industries is listed as a regional player. Curtiss-Wright Corporation is listed as an emerging player.
Does Velan have an API?
No public API is recorded for Velan.
What industry is Velan in?
Velan's product category is Industrial Valves. Its primary akta.pro industry code is IMADALAB, Plumbing Valves & Controls (Shutoff, Mixing, Backflow), with a secondary code of IMADALAD, Pipe Fittings, Couplings & Connectors. Its NAICS code is 332911 and its SIC code is 3533.