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Vexve

Full company profile

uuid0009tf5

Namestring
Vexve
Legal namestring
Vexve Group Oy
Websiteurl
vexve.com
Company typeenum
Private
Founded yearint
1940
Descriptiontext

Vexve Group Oy is a Finland-headquartered (Sastamala) industrial manufacturer of mission-critical valve and flow-control solutions, with stated 2025 revenue of €285 million and approximately 1,500 employees across production facilities in Finland, Czechia, Denmark, Germany, Poland, the United States, and China. The company operates a multi-brand portfolio — Vexve (district energy), Vexve Armatury (gas & hydrogen, power, iron & steel), Vexve ZMK (petrochemical/refinery) and Frese (HVAC and marine hydronic systems) — and most recently added BROEN A/S through an acquisition completed in March 2026, broadening its flow-control coverage into Denmark-based valve manufacturing.

The product portfolio spans steel and stainless steel ball valves, butterfly valves, balancing valves, underground valves, trunnion-mounted ball valves, gas ball valves, branching and condensate valves, plus a complementary smart-monitoring stack including Hydrox hydraulic actuators/control units and the iSENSE network monitoring system. Technology differentiation rests on application-specific engineering for high-pressure, high-temperature and hydrogen-compatible service, supported by deep certifications (ISO 9001/14001/45001, API 6D, PED Module H, TÜV AGFW, SIL, Fire Safe, DVGW) and EPDs validated under ISO 14025/EN 15804. Smart monitoring is positioned as a digital overlay rather than a standalone AI product.

Vexve is privately held by DevCo Partners, a Nordic long-term investor, with Pantheon Ventures also disclosed as an investor. The commercial model is direct sales-led through 10 regional offices across Europe, North America and Asia (Finland, Czechia, Germany, Denmark, UK, Canada, Singapore, China), serving seven primary verticals: District Energy, Buildings & Industry, Marine & Offshore, Gas & Hydrogen, Power, Iron & Steel, and Petrochemical. Pricing is quote-based on custom specifications rather than list price, and revenue is generated through hardware sales of valves plus related engineering, installation, commissioning and maintenance services.

Short descriptiontext

Vexve Group Oy is a Finland-based industrial manufacturer of mission-critical valves and flow-control solutions for energy infrastructure and energy-intensive industries, operating across district energy, HVAC, marine, gas & hydrogen, power, iron & steel, and petrochemical end-markets via the Vexve, Armatury, ZMK, Frese and BROEN brands.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersSantamala, Finland
HQ citystring
Santamala
HQ countrystring
Finland
HQ regionstring
Europe
Markets served

Serves global market

Offices10 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
industrial valve solutions, district energy valves, flow control equipment, petrochemical valve manufacturing, HVAC hydronic systems
Industry4 codes
1Valves & Cartridge Valves (Directional, Pressure, Flow Control)
CodeIMAHAGAEPrimaryYes
2Plumbing Valves & Controls (Shutoff, Mixing, Backflow)
CodeIMADALABPrimaryNo
3Valve Sites, Drip Pots & Appurtenances
CodeEUAJABAFPrimaryNo
4Sensors & Feedback Devices (Pressure, Flow, Position, Encoders, Transducers)
CodeIMAHAGAKPrimaryNo
NAICS code3 codes
  • Industrial Valve Manufacturing332911
  • Fluid Power Valve and Hose Fitting Manufacturing332912
  • Metal Valve Manufacturing33291
SIC code2 codes
  • Oil & Gas Field Machinery & Equipment3533
  • Industrial Instruments For Measurement, Display, And Control3823
Product category
Industrial Valve Solutions
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Industrial valve sales
TypeHardware Sales
Description

Sale of mission-critical valves and flow control solutions for energy infrastructure and industrial applications. The company manufactures and sells a comprehensive range of valves including ball valves, butterfly valves, balancing valves, and specialized valves for district energy, HVAC, marine, gas, power, iron & steel, and petrochemical applications. Revenue is generated through direct sales to industrial customers worldwide.

vexve.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Supply Chain, Operations, Personnel, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1Vexve
Description

Product brand for the District Energy industry. Wide selection of valves covering needs of district heating and cooling networks, power plants, and larger building services. Also provides smart monitoring and control solutions for underground district energy networks.

vexve.com
+3 more records
Core offering1 text field

Vexve manufactures and sells mission-critical industrial valves and flow control solutions for energy infrastructure and energy-intensive industries. The product portfolio includes ball valves, butterfly valves, balancing valves, underground valves, gas valves, and specialized valves for district energy, HVAC, marine, gas, hydrogen, power, iron & steel, and petrochemical applications. The company also provides smart monitoring and control systems (iSENSE, Hydrox) for underground district energy networks.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Supporting the green transition through products enabling low-carbon future
+2 more records
Product overview1 text field

Vexve is the leading European provider of mission-critical valve solutions for the energy infrastructure and selected energy-intensive industries. The company operates as a multi-brand portfolio: Vexve (core brand for District Energy), Vexve Armatury (for Gas & Hydrogen, Power, and Iron & Steel), Vexve ZMK (for Petrochemical), and Frese (for Hydronic/HVAC systems). The product offering spans a comprehensive range of industrial valves including steel ball valves, stainless steel ball valves (expanded to DN300), balancing valves, butterfly valves, underground ball valves, trunnion mounted ball valves, gas ball valves, branching valves, and condensate valves. These are complemented by smart control and monitoring solutions including Hydrox hydraulic actuators/control units and iSENSE network monitoring systems, plus temperature control products (heating controllers, mixing valves, thermal loading products) and accessories (Plastic Chamber, T-key, Planet Gear). The portfolio is designed to serve district energy, buildings & industry, marine & offshore, gas & hydrogen, power, iron & steel, and petrochemical sectors.

Product and service14 records
1Steel Ball Valves
CategoryCore product
Description

Industrial steel ball valves designed for district energy applications, offered in various sizes and pressure ratings.

2Stainless Steel Ball Valves
CategoryCore product
Description

Stainless steel ball valves for demanding industrial applications, available in sizes up to DN 300.

3Butterfly Valves
4Balancing Valves
5Underground Ball Valves
6Trunnion Mounted Ball Valves
7Gas Ball Valves
8Branching Valves
9Condensate Ball Valves
10Vexve Armatury Specialized Valves (Gas & Hydrogen, Power, Iron & Steel)
11Vexve ZMK Tailor-Made Petrochemical and Refinery Valves
12Frese Hydronic HVAC and Marine Valves
13Hydrox Hydraulic Actuators and Control Units
14iSENSE Network Monitoring
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-03-01
Description

BROEN A/S, a leading Denmark-based valve manufacturer, became part of Vexve Group Oy in March 2026. The acquisition was completed as announced by Lincoln International in their M&A transaction coverage. The combined company provides customers with a broad product portfolio, improved delivery capability, and stronger technical support. BROEN operates from facilities in Denmark (Slagelse) and was previously a separate entity specializing in flow control solutions.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

UK-listed global engineering group focused on flow control solutions for industrial, energy, and HVAC markets. Directly comparable to Vexve's multi-segment valve portfolio across district energy, buildings, and process industries.

TypeDirect peer
Description

German-based global manufacturer of pumps, valves, and related systems serving energy, water, mining, and process industries. Comparable European industrial flow-control OEM with similar customer base and certification requirements.

TypeDirect peer
Description

US-listed supplier of pumps, valves, seals, and automation for oil & gas, power, chemical, and water industries. Closely comparable to Vexve's process-industry valve business, especially Vexve ZMK and Vexve Armatury.

TypeDirect peer
Description

UK-listed thermal energy management and fluid handling specialist serving steam, HVAC, and process industries. Comparable to Vexve's district energy and hydronic (Frese) businesses with a similar European OEM profile.

TypeDirect peer
Description

Denmark-headquartered manufacturer of valves and hydrants for water, gas, and fire protection. Closely comparable European valve peer with overlapping gas distribution and water network exposure.

TypeDirect peer
Description

US-listed diversified manufacturer including a valve group producing process and industrial valves for chemical, energy, and general industrial markets. Comparable process valve portfolio to Vexve Armatury and Vexve ZMK.

TypeDirect peer
Description

US-listed manufacturer of water and HVAC products including valves, flow control, and drainage solutions. Comparable to Vexve's Frese brand hydronic balancing valves and building services segment.

TypeDirect peer
Description

Canada-based manufacturer of industrial valves for oil & gas, power, chemical, and pulp & paper. Comparable specialty industrial valve portfolio with similar emphasis on safety-critical applications.

TypeDirect peer
Description

US-listed manufacturer of copper, brass, aluminum, and plastic products including valves for plumbing, HVAC, and gas distribution. Comparable to Vexve's HVAC, gas, and plumbing valve offerings.

TypeBroad incumbent
Description

US-listed water solutions company with significant flow and filtration product exposure across residential, commercial, and industrial markets. Broader incumbent with overlapping valve and flow control product lines serving water and HVAC.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment7 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries8 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance24 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Vexve

Industrial Valve Solutionsvexve.com

Vexve Group Oy is a Finland-based industrial manufacturer of mission-critical valves and flow-control solutions for energy infrastructure and energy-intensive industries, operating across district energy, HVAC, marine, gas & hydrogen, power, iron & steel, and petrochemical end-markets via the Vexve, Armatury, ZMK, Frese and BROEN brands.

What Vexve does

Vexve Group Oy is a Finland-headquartered (Sastamala) industrial manufacturer of mission-critical valve and flow-control solutions, with stated 2025 revenue of €285 million and approximately 1,500 employees across production facilities in Finland, Czechia, Denmark, Germany, Poland, the United States, and China. The company operates a multi-brand portfolio — Vexve (district energy), Vexve Armatury (gas & hydrogen, power, iron & steel), Vexve ZMK (petrochemical/refinery) and Frese (HVAC and marine hydronic systems) — and most recently added BROEN A/S through an acquisition completed in March 2026, broadening its flow-control coverage into Denmark-based valve manufacturing.

The product portfolio spans steel and stainless steel ball valves, butterfly valves, balancing valves, underground valves, trunnion-mounted ball valves, gas ball valves, branching and condensate valves, plus a complementary smart-monitoring stack including Hydrox hydraulic actuators/control units and the iSENSE network monitoring system. Technology differentiation rests on application-specific engineering for high-pressure, high-temperature and hydrogen-compatible service, supported by deep certifications (ISO 9001/14001/45001, API 6D, PED Module H, TÜV AGFW, SIL, Fire Safe, DVGW) and EPDs validated under ISO 14025/EN 15804. Smart monitoring is positioned as a digital overlay rather than a standalone AI product.

Vexve is privately held by DevCo Partners, a Nordic long-term investor, with Pantheon Ventures also disclosed as an investor. The commercial model is direct sales-led through 10 regional offices across Europe, North America and Asia (Finland, Czechia, Germany, Denmark, UK, Canada, Singapore, China), serving seven primary verticals: District Energy, Buildings & Industry, Marine & Offshore, Gas & Hydrogen, Power, Iron & Steel, and Petrochemical. Pricing is quote-based on custom specifications rather than list price, and revenue is generated through hardware sales of valves plus related engineering, installation, commissioning and maintenance services.

Vexve firmographics

Firmographics
Name
Vexve
Legal name
Vexve Group Oy
Website
https://vexve.com
Company type
Private
Founded year
1940
Operating status
Operating
Headcount range
51–100 employees
Short description
Vexve Group Oy is a Finland-based industrial manufacturer of mission-critical valves and flow-control solutions for energy infrastructure and energy-intensive industries, operating across district energy, HVAC, marine, gas & hydrogen, power, iron & steel, and petrochemical end-markets via the Vexve, Armatury, ZMK, Frese and BROEN brands.
Ownership category
akta.pro rank

Vexve industry classification

Industry
Product category
Industrial Valve Solutions
NAICS
Industrial Valve Manufacturing (332911), Fluid Power Valve and Hose Fitting Manufacturing (332912), Metal Valve Manufacturing (33291)
SIC
Oil & Gas Field Machinery & Equipment (3533), Industrial Instruments For Measurement, Display, And Control (3823)
akta.pro primary industry
Valves & Cartridge Valves (Directional, Pressure, Flow Control) (IMAHAGAE)
akta.pro secondary industries
Plumbing Valves & Controls (Shutoff, Mixing, Backflow) (IMADALAB), Valve Sites, Drip Pots & Appurtenances (EUAJABAF), Sensors & Feedback Devices (Pressure, Flow, Position, Encoders, Transducers) (IMAHAGAK)

Keywords

  • Industrial valve solutions
  • District energy valves
  • Flow control equipment
  • Petrochemical valve manufacturing
  • HVAC hydronic systems

Where Vexve is headquartered

Location

Headquarters

HQ city
Santamala
HQ country
Finland
HQ region
Europe

Offices10 records

Markets served

Vexve business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure

Revenue model

  1. Industrial valve sales: Sale of mission-critical valves and flow control solutions for energy infrastructure and industrial applications. The company manufactures and sells a comprehensive range of valves including ball valves, butterfly valves, balancing valves, and specialized valves for district energy, HVAC, marine, gas, power, iron & steel, and petrochemical applications. Revenue is generated through direct sales to industrial customers worldwide.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Vexve product offering

Product offering

Core offering

Vexve manufactures and sells mission-critical industrial valves and flow control solutions for energy infrastructure and energy-intensive industries. The product portfolio includes ball valves, butterfly valves, balancing valves, underground valves, gas valves, and specialized valves for district energy, HVAC, marine, gas, hydrogen, power, iron & steel, and petrochemical applications. The company also provides smart monitoring and control systems (iSENSE, Hydrox) for underground district energy networks.

Product overview

Vexve is the leading European provider of mission-critical valve solutions for the energy infrastructure and selected energy-intensive industries. The company operates as a multi-brand portfolio: Vexve (core brand for District Energy), Vexve Armatury (for Gas & Hydrogen, Power, and Iron & Steel), Vexve ZMK (for Petrochemical), and Frese (for Hydronic/HVAC systems). The product offering spans a comprehensive range of industrial valves including steel ball valves, stainless steel ball valves (expanded to DN300), balancing valves, butterfly valves, underground ball valves, trunnion mounted ball valves, gas ball valves, branching valves, and condensate valves. These are complemented by smart control and monitoring solutions including Hydrox hydraulic actuators/control units and iSENSE network monitoring systems, plus temperature control products (heating controllers, mixing valves, thermal loading products) and accessories (Plastic Chamber, T-key, Planet Gear). The portfolio is designed to serve district energy, buildings & industry, marine & offshore, gas & hydrogen, power, iron & steel, and petrochemical sectors.

Differentiator

Problem solved

Functional benefit

Brands

  • Vexve: Product brand for the District Energy industry. Wide selection of valves covering needs of district heating and cooling networks, power plants, and larger building services. Also provides smart monitoring and control solutions for underground district energy networks.
  • Vexve Armatury
  • Vexve ZMK
  • Frese

Products and services

  • Steel Ball Valves Industrial steel ball valves designed for district energy applications, offered in various sizes and pressure ratings.
  • Stainless Steel Ball Valves Stainless steel ball valves for demanding industrial applications, available in sizes up to DN 300.
  • Butterfly Valves
  • Balancing Valves
  • Underground Ball Valves
  • Trunnion Mounted Ball Valves
  • Gas Ball Valves
  • Branching Valves
  • Condensate Ball Valves
  • Vexve Armatury Specialized Valves (Gas & Hydrogen, Power, Iron & Steel)
  • Vexve ZMK Tailor-Made Petrochemical and Refinery Valves
  • Frese Hydronic HVAC and Marine Valves
  • Hydrox Hydraulic Actuators and Control Units
  • iSENSE Network Monitoring

Quantifiable outcome

  • Supporting the green transition through products enabling low-carbon future
  • +2 more outcomes

Companies that use Vexve

Customer profile

Segments7 records

Ideal customer profiles4 records

Vexve technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

Vexve partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • BROEN A/ScoreStrategic or Co-development Partner · 1 March 2026BROEN A/S, a leading Denmark-based valve manufacturer, became part of Vexve Group Oy in March 2026. The acquisition was completed as announced by Lincoln International in their M&A transaction coverage. The combined company provides customers with a broad product portfolio, improved delivery capability, and stronger technical support. BROEN operates from facilities in Denmark (Slagelse) and was previously a separate entity specializing in flow control solutions.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Vexve competitors and assessment

Company assessment

Direct peers

  • IMI plc: UK-listed global engineering group focused on flow control solutions for industrial, energy, and HVAC markets. Directly comparable to Vexve's multi-segment valve portfolio across district energy, buildings, and process industries.
  • KSB SE & Co. KGaA: German-based global manufacturer of pumps, valves, and related systems serving energy, water, mining, and process industries. Comparable European industrial flow-control OEM with similar customer base and certification requirements.
  • Flowserve Corporation: US-listed supplier of pumps, valves, seals, and automation for oil & gas, power, chemical, and water industries. Closely comparable to Vexve's process-industry valve business, especially Vexve ZMK and Vexve Armatury.
  • Spirax-Sarco Engineering plc: UK-listed thermal energy management and fluid handling specialist serving steam, HVAC, and process industries. Comparable to Vexve's district energy and hydronic (Frese) businesses with a similar European OEM profile.
  • AVK Holding A/S: Denmark-headquartered manufacturer of valves and hydrants for water, gas, and fire protection. Closely comparable European valve peer with overlapping gas distribution and water network exposure.
  • Crane Company (Crane Valve Group): US-listed diversified manufacturer including a valve group producing process and industrial valves for chemical, energy, and general industrial markets. Comparable process valve portfolio to Vexve Armatury and Vexve ZMK.
  • Watts Water Technologies, Inc. US-listed manufacturer of water and HVAC products including valves, flow control, and drainage solutions. Comparable to Vexve's Frese brand hydronic balancing valves and building services segment.
  • Velan Inc. Canada-based manufacturer of industrial valves for oil & gas, power, chemical, and pulp & paper. Comparable specialty industrial valve portfolio with similar emphasis on safety-critical applications.
  • Mueller Industries, Inc. US-listed manufacturer of copper, brass, aluminum, and plastic products including valves for plumbing, HVAC, and gas distribution. Comparable to Vexve's HVAC, gas, and plumbing valve offerings.

Broad incumbents

  • Pentair plc: US-listed water solutions company with significant flow and filtration product exposure across residential, commercial, and industrial markets. Broader incumbent with overlapping valve and flow control product lines serving water and HVAC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Vexve social profiles

Digital presence

Vexve compliance and trust

Trust signal

Compliance24 records

Vexve financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Vexve leadership team

Management profile

Number of profiles

Profiles1 record

Vexve subsidiaries and ownership

Company hierarchy

Subsidiaries8 records

Vexve funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors2 records

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

Vexve M&A and investment

M&A and investment

M&A1 record

Investments

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

Frequently asked questions about Vexve

What does Vexve do?

Vexve manufactures and sells mission-critical industrial valves and flow control solutions for energy infrastructure and energy-intensive industries. The product portfolio includes ball valves, butterfly valves, balancing valves, underground valves, gas valves, and specialized valves for district energy, HVAC, marine, gas, hydrogen, power, iron & steel, and petrochemical applications. The company also provides smart monitoring and control systems (iSENSE, Hydrox) for underground district energy networks.

Is Vexve a public or private company?

Vexve is a private company. It is classified as private equity controlled and is currently operating.

When was Vexve founded?

Vexve was founded in 1940. It employs 51 to 100 people.

Where is Vexve based?

Vexve is headquartered in Santamala, Finland, in the Europe region.

How does Vexve make money?

One revenue line is on record: industrial valve sales.

Who are Vexve's main competitors?

Direct peers on record are IMI plc, KSB SE & Co. KGaA, Flowserve Corporation, Spirax-Sarco Engineering plc, AVK Holding A/S, Crane Company (Crane Valve Group), Watts Water Technologies, Inc., Velan Inc. and Mueller Industries, Inc.. Pentair plc is listed as a broad incumbent.

Does Vexve have an API?

No public API is recorded for Vexve.

What industry is Vexve in?

Vexve's product category is Industrial Valve Solutions. Its primary akta.pro industry code is IMAHAGAE, Valves & Cartridge Valves (Directional, Pressure, Flow Control), with a secondary code of IMADALAB, Plumbing Valves & Controls (Shutoff, Mixing, Backflow). Its NAICS code is 332911 and its SIC code is 3533.

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Live signals
KauppalehtiTunnettujen sukujen ”finanssileijonat” ostivat venttiilifirman ja kuusinkertaistivat sen arvonDevcon, a Finnish private equity firm, acquired valve manufacturer Vexve in 2016, and its investors received a sixfold return. Vexve's revenue grew from €46 million to €300 million over ten years, with staff reaching 1,500. Devcon also invested in Medix Biochemica and Bluefors.VexveCustomer satisfaction at a record highVexve reported a record-high Net Promoter Score of 72 in its spring 2023 customer satisfaction survey, significantly outperforming the B2B industry average of 37. The company attributes this success to high product quality, personnel expertise, and a 99% delivery reliability rate observed in the first half of the year.Manufacturing TodayVexveVexve Armatury Group, formed by the acquisition of ARMATURY Group by Vexve in August 2019, is expanding its operations and product portfolio in the district heating and cooling sector. The company recently delivered a record-breaking DN 1600 butterfly valve for a major infrastructure project in Zhengzhou, China, while also launching new smart monitoring solutions and steel valve series for European markets.GlobeNewswireFlowserve Divests the Naval OY Business to Vexve OYFlowserve sold its Naval OY business unit, including all-welded ball valves, to Finnish manufacturer Vexve OY. The deal includes a Laitila, Finland facility and a St. Petersburg, Russia service center, with financial terms undisclosed. Flowserve cited the niche market's cyclical nature as the reason for divestiture.