Velan

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

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

• Industrial valves
• Nuclear valves
• Steam traps
• Metal-seated ball valves
• Valve automation

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• GE Vernova Hitachi Nuclear Energy (GVH)coreStrategic or Co-development Partner · 17 June 2026Partnership 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)coreStrategic or Co-development Partner · 20 October 2025CAD 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 TechnologiescoreStrategic or Co-development Partner · 1 January 2024Main services agreement secured for the first small modular reactor in North America, marking significant entry into SMR market.
• Bruce PowercoreStrategic or Co-development Partner · 1 January 2024Alliance agreement for valve supply and related service work with Canada's major nuclear power operator.
• Leading Universities and Research InstitutionssupportingTechnology or Integration · 1 January 2020Collaborating 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

Direct 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

• LinkedInlinkedin.com/company/velan-inc-

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries12 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Velan