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Indutrade acquires Finnish industrial valve supplier Finkova

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Engineering services company Indutrade has agreed to acquire all the shares in Finkova Oy, with annual sales of around €8.5 million.

Finkova offers valve solutions to the process industry and boiler manufacturers. The company’s product range comprises a range of valves, including control valves, safety valves, and on/off high-pressure valves.

Its customers operate in the pulp and paper, petrochemical, energy and steel industries, among others. Finkova’s offering is complemented by services and technical expertise.

The agreement is expected to close on 2 September and the company will be included in Indutrade’s Flow Technology business area. The acquisition is expected to positively impact Indutrade’s earnings per share.