VE Group

What VE Group does

VE Group is a Dutch industrial equipment manufacturer headquartered in Rotterdam, Netherlands, founded in 1955 as Vermeer Eemhaven International. The company designs, engineers, and manufactures custom process equipment for the global petrochemical and oil & gas industries, including shell and tube heat exchangers, pressure vessels, columns, filtration systems, industrial valves, and external process heating systems. Operating through six wholly-owned subsidiaries (Vermeer Eemhaven International, Vermeer Thermex International, Vermeer Process, Vermeer Denver International, Vermeer Site Services, and Vermeer India), the group employs approximately 70 people and exports 45% of its turnover globally.

The company's manufacturing capabilities are anchored by a fully robotized facility in Rotterdam equipped with three MAUS 2501 CNC work centres, MAUS Baffletech Twin 2000, KAFO CNC drilling machines, GALBIATI deep drilling systems, and Polysoude automated welding heads capable of producing heat exchangers up to 250 tons, 30,000mm in length, and 3,500mm in diameter. Since 1996, VE Group has manufactured approximately 10% of all Helixchanger® devices sold globally under license from Lummus Technology, including the largest (high alloy) Helixchanger in the world. The company holds ASME Code Stamp certification through 2028, ISO 9001:2015, ISO 14001:2015, NEN-EN-ISO 3834-2:2021, and VCA 2017/6.0 certifications, and has achieved qualified-supplier status with ADNOC, BP (A-Status, 80.3% QMS score), KNPC, and Engineers India Ltd.

VE Group operates on a custom project-based revenue model, generating income through one-time equipment sales, repair and maintenance services via Vermeer Site Services, and licensing royalties from the Helixchanger® technology. Distribution is conducted through direct enterprise sales from Rotterdam supplemented by regional sales offices and representative partners in the UK, Saudi Arabia, UAE, Nigeria, Indonesia, Iraq, and Ghana. Primary customers are oil and gas operators and petrochemical plant operators globally, with named clients including Equinor, ADNOC, BP, CB&I Lummus Technology, Tata Chemicals, Hindustan Petroleum, Valero Pembroke, and KNPC.

Name

VE Group

Legal name

VE Group

Website

https://ve-group.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

51–100 employees

Short description

VE Group is a Rotterdam-based industrial equipment manufacturer producing custom heat exchangers, pressure vessels, filtration systems, and valves for the global petrochemical and oil & gas industry. With ~70 employees across six subsidiaries, the group exports 45% of its turnover.

Ownership category

akta.pro rank

Product category

Industrial Process Equipment Manufacturing

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Pump and Compressor Manufacturing (33391), Industrial Process Furnace and Oven Manufacturing (333994)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Pumps & Pumping Equipment (3561), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

akta.pro secondary industries

Boilers, Furnaces & Process Heating Equipment (IMAHAKAD), Chillers & Cooling Plant Equipment (IMAHAKAE), Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH)

Keywords

• Process equipment manufacturing
• Heat exchanger manufacturing
• Petrochemical process equipment
• Industrial valve supply
• Pressure vessel fabrication

Headquarters

HQ city

Rotterdam

HQ country

Netherlands

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Equipment Manufacturing: Design, engineering, and manufacturing of custom process equipment including heat exchangers, pressure vessels, columns, air fin coolers, and valves. One-time project-based sales with long lead times.
2. Repair and Maintenance Services: Re-tubing, repair, and maintenance services for existing process equipment. Vermeer Site Services provides on-site installation and mobile maintenance services.
3. Licensing Royalties: Royalty income from licensed Helixchanger® technology manufacturing under Lummus Technology license.
4. ThermEx System Sales: Bolt-on heating systems (ThermEx) for process temperature maintenance in piping, vessels, tanks, and valves.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

VE Group designs, engineers, and manufactures custom process equipment for the petrochemical industry from its Rotterdam headquarters. Its portfolio spans shell & tube heat exchangers (including licensed Helixchanger® and Helitower® helical-flow designs), pressure vessels, condensers, sulfur condensers, air fin coolers, Transfer Line Exchangers, the ThermEx bolt-on thermal maintenance system, industrial filtration (automatic self-cleaning, coalescer and nozzle suction filters), and a full range of industrial valves. The group also provides on-site installation, re-tubing, repair, and maintenance services through its Vermeer Site Services mobile branch.

Product overview

VE Group is a consortium of specialized industrial equipment manufacturers serving the petrochemical industry. The group comprises six subsidiaries: Vermeer Eemhaven International (heat exchangers, condensers, air coolers, pressure vessels), Vermeer Thermex International (external process heating systems), Vermeer Process (industrial filtration systems), Vermeer Denver (industrial valves), Vermeer Services (site installation and maintenance), and Vermeer India (engineering support). Core products include shell & tube heat exchangers, licensed Helixchanger® and Heli Tower® technology with helical flow principles, Transfer Line Exchangers for ethylene processes, the ThermEx Thermal Maintenance System for bolt-on heating, comprehensive filtration solutions including coalescer and self-cleaning filters, and industrial valves. The group operates from Rotterdam with over 65 years of experience, exporting nearly 45% of its turnover globally.

Differentiator

Problem solved

Functional benefit

Brands

• Helixchanger: Licensed helical flow heat exchanger technology by Lummus Technology, manufactured by Vermeer Eemhaven International since 1996
• Helitower
• ThermEx Thermal Maintenance System
• Texastower
• Heli Towers

Products and services

• Shell & Tube Heat Exchangers Custom-engineered shell & tube heat exchangers manufactured by Vermeer Eemhaven International for petrochemical, refining, and offshore applications; built to international codes with capacity up to 250 tons, 30 m length, and 3.5 m diameter using carbon steel, stainless, and exotic alloys.
• Helixchanger® Heat Exchangers Helical flow heat exchangers manufactured under license from Lummus Technology, based on a corkscrew flow design with helix angle drilling from 5–45° that prevents fouling and delivers up to 25% efficiency increase over conventional shell & tube designs.
• Helitower® Heat Exchangers Texas Tower heat exchangers equipped with helical baffles offering enhanced heat transfer while reducing resistance; compact, robust, economical design that can be integrated into existing structures due to modest size and surface requirements.
• Condensers Custom condensers manufactured by Vermeer Eemhaven International in various sizes, shapes, and materials to transform substances from gaseous to liquid state by cooling, including specialized manufacturing and maintenance services.
• Air Fin Coolers Air fin coolers manufactured in all available special materials with full lifecycle support including upgrade, overhaul, and re-tubing of large cooling installations for petrochemical and refining customers.
• Sulfur Condensers Condensers used in crude oil treatment to separate sulfur from the main product, preventing sulfur from becoming solid during the cooling stage.
• Pressure Vessels Custom-designed and manufactured pressure vessels from small to large scale for chemical, petrochemical, research institutes, and power plants, built to international codes including ASME.
• Transfer Line Exchangers (TLE) Heat exchangers used in the cracking process of various gas and liquid feed (mostly ethylene processes) that improve ethylene yields and maximize energy recovery in petrochemical plants.
• ThermEx Thermal Maintenance System External bolt-on heating system for piping, vessels, and tanks that maintains required process temperature and enables melt-out requirements, prevents cross-contamination, and ensures uniform wall temperature to avoid condensation and corrosion.
• Bolt-on Heating Jackets for Valves Aluminum bolt-on heating jackets with small heating chambers for industrial valves, used to maintain temperature in high viscosity processes such as sulfur or bitumen.
• Automatic Self-Cleaning Filters (ZRF) Scraper-type automatic self-cleaning filters for continuous operation, with filtration grades from 10 micron to 3000 micron and flow rates from 10 m³/hr to 3000 m³/hr.
• Coalescer Filters Filters that separate two immiscible liquids or liquids from gas through filtration, coalescence, and separation stages, commonly used to separate water from hydrocarbons.
• Nozzle Suction Filters (NSF) Automatic self-cleaning filters with nozzle suction backwash cleaning, available in sizes from 1 inch to 60 inches for water intake, fire fighting, and process fluids.
• Flow Equipment Built-to-order flow measurement equipment including orifice plates, Venturi tubes, Pitot tubes, and flow nozzles for accurate and reliable flow measurement in industrial environments.
• Industrial Valves Full range of industrial valves supplied by Vermeer Denver International, including gate valves, globe valves, check valves, ball valves, plug valves, butterfly valves, needle valves, double block & bleed valves, and multi-port valves.
• Heat Exchanger Site Services, Re-tubing, Repair & Maintenance On-site installation, re-tubing, repair, and 24/7 maintenance services for heat exchangers and piping, provided by Vermeer Site Services as a mobile field service offering.

Quantifiable outcome

• Up to 25% efficiency increase with Helixchanger® technology compared to conventional shell and tube exchangers
• +3 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Twelve partnerships are on record, tiered regional, core and minor.

• Masar Elkon EngineeringregionalChannel Partner/ Reseller/ Distributor · 12 September 2023Two-year commercial agreement for Iraq market representation. Masar Elkon Engineering will represent VE Group for future oil & gas projects from offices in Basra, Iraq.
• MAUS ItalycoreTechnology or Integration · 20 June 202320+ year partnership for automated manufacturing equipment. VE Group owns 3 MAUS 2501 automated workstations and the new MAUS Baffletech Twin 2000 for automating heat exchanger production processes.
• GPEC LtdregionalChannel Partner/ Reseller/ Distributor · 3 March 2022Sole representation partnership for United Kingdom and Ireland. GPEC exclusively represents manufacturers of industrial, engineered valves and static equipment for specialized applications in agreed territories.
• RMAK (Ghana)regionalChannel Partner/ Reseller/ Distributor · 1 March 2022RMAK appointed as representatives in Ghana under leadership of CEO R. Mensah Boateng and COO K. Adu. Assists VE Group in growth strategy in the African continent.
• Lummus TechnologycoreTechnology or IntegrationLicensing agreement for Helixchanger® and Helitower® heat exchanger technology. VE Group has been manufacturing under this license since 1996 and has become one of only a handful of manufacturers capable of building large Helixchanger heat exchangers, having produced 10% of all Helix-devices sold globally.
• Graham VermeercoreStrategic or Co-development PartnerStrategic alliance for Angola market. Partnership for over 10 years working with major end clients in the country.
• EST Curtiss WrightminorStrategic or Co-development PartnerStrategic alliance listed on VE Group website under strategic alliances.
• Hindustan Petroleum Corporation Limited (HPCL)regionalChannel Partner/ Reseller/ DistributorVermeer Thermex selected to provide bolt on heating system for HPCL's Visakh Refinery Modernisation Project (VRMP) in India - expanding refinery from 8.3 to 15 million metric tonnes per annum.
• Engineers India Ltd (EIL)regionalImplementation/ SI/ Consulting PartnerFull registration and approval received from EIL - a leading global engineering consultancy and EPC company established in 1965 focusing on oil & gas and petrochemical industries.
• 3M Purification Inc.minorChannel Partner/ Reseller/ DistributorVE Group (Vermeer Process) is a strong reseller of 3M disposable filtration solutions including self-cleaning filters, nominal and high efficiency bags, and disposable filter cartridges.
• HIT ProfitminorOthersEnergy partnership for corporate social responsibility. HIT Profit completed energy scans and implemented energy-saving measures including LED luminaire replacement resulting in significant energy and CO2 reduction.
• Bin Butti GroupregionalChannel Partner/ Reseller/ DistributorUAE representation at ADIPEC exhibitions. Bin Butti Group represents VE Group at ADIPEC events in Abu Dhabi.

Scale indicators8 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• GEA Group: German process-equipment major with a substantial heat-exchanger and separation technology portfolio serving food, dairy, chemical, and petrochemical customers. Overlaps with VE Group's process-equipment orientation but at far greater scale.
• Alfa Laval: Global diversified heat-transfer, separation, and fluid-handling giant with a major petrochemical heat-exchanger business. Overlaps with VE Group on welded, plate, and shell-and-tube exchangers but operates at much larger scale and across many end markets.
• SPX Technologies (Heat Transfer): Through its Heat Transfer segment (formerly SPX Heat Transfer), designs and manufactures shell-and-tube and air-cooled heat exchangers for refining, petrochemical, and power. Comparable custom-engineered product line with broader corporate portfolio.
• Chart Industries: U.S.-based provider of cryogenic and process equipment including heat exchangers, cold boxes, and air-cooled heat exchangers serving LNG, petrochemical, and industrial gas customers. Comparable process-equipment portfolio though broader and more cryo-focused.

Direct peers

• Hamon Group: Belgian-headquartered engineering group specializing in cooling towers, heat exchangers, and air-cooled condensers for power, refining, and petrochemical customers. Directly comparable in custom industrial heat-transfer equipment for hydrocarbons.
• Kelvion (formerly GEA Heat Exchangers): One of the largest European manufacturers of custom shell-and-tube, plate, and welded heat exchangers for petrochemical, oil & gas, and power applications. Closely comparable product range and end-market focus to VE Group's Vermeer Eemhaven business.
• Lummus Technology: Lummus licenses the Helixchanger® technology that VE Group manufactures, and is itself a licensor and EPC-focused heat-transfer/process-equipment player serving the petrochemical industry. Directly comparable as both a technology source and a heat-exchanger market participant.
• Joseph Oat Corporation: U.S.-based custom manufacturer of pressure vessels, heat exchangers, and reactor components for refining and petrochemical end users. Comparable niche, ASME-coded, high-alloy custom fabrication business competing for similar project orders.
• API Heat Transfer: U.S. manufacturer of industrial heat exchangers (shell-and-tube, plate, air-cooled) for chemical, petrochemical, oil & gas, and power markets. Closely comparable custom-engineered offering for similar downstream end customers.

Regional players

• Thermax Group: India-headquartered process heating and custom heat-transfer equipment supplier serving petrochemical, oil & gas, and power customers primarily across South Asia, Middle East, and Africa. Comparable process-heating product range to VE Group's ThermEx and Eemhaven units, with strong regional footprint overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vermeer-eemhaven-bv
• Xx.com/vegroupbv
• Facebookfacebook.com/VermeerEemhavenInternational

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about VE Group