International technology group Andritz has signed an agreement with Flowserve Corporation based in Texas, USA, to take over its NAF AB business. The completion of the transaction is subject to approval by the respective authorities. The closing is expected to take place in Q1 2024.
NAF AB engineers, designs and builds Flowserve's NAF control valve portfolio. It is a leading supplier with long-standing experience in providing process control valves for pulp and paper and other related industries. With 50 employees at the facility in Linköping, Sweden, it has been a successful provider of process control valves for more than 100 years.
With this acquisition, Andritz, a leading provider of process control and automation systems for complete pulp and paper mills, is adding control valves to its portfolio of process actuators, analyzers, and measurement equipment for the pulp and paper making process.
This acquisition will further complement Andritz's capabilities to provide instrumentation, advanced process controls, as well as online process simulation and digital twins through its IDEAS digitalization platform, all from a single source. In addition, the NAF control valves will be seamlessly integrated into Andritz's Metris Asset Management suite, which provides automated monitoring of control valves to maximize plant uptime and process stability.