Metso has acquired globe valve technology and service company, Valstone Control in South Korea. The acquisition enables Metso to expand its offering for the oil and gas and power industries with globe valve technology that plays a key role in most critical processes with extreme pressures and temperatures.
Valstone is a privately owned globe valve and service specialist company. It has an established customer base in Korean engineering, procurement and construction (EPC) companies and in domestic South Korean petrochemical and power generation industries.
Valstone’s globe valves will add to Metso’s current portfolio of control valves. Metso has ambitious targets to develop its valve business and services. This acquisition is preceded by a series of investments in its global offering and presence.
Last year, Metso opened a new valve technology center in Finland. In 2010 Metso, opened a new valve facility in China, and is currently expanding its valve production premises in the US as well as building a new supply and service center in India. Additionally, Metso has industrial valve facilities in Brazil and Germany.
The acquisition of Valstone strengthens Metso’s position in the Asia Pacific market area, which is one of the main growth areas for Metso’s valve technologies and services.