The Quebec Supreme Court just took a step by approving the acquisition of Canada’s Velan by its American competitor Flowserve on May 17. The two industrial equipment suppliers are expected to complete this transaction in the third quarter, i.e. in the summer, but the sale will remain in place.subject to customary closing conditions, including obtaining any regulatory approvals or clearances‘ states the court.
On this side of the Atlantic, voices are being raised against this passage under the American flag. The family company Velan, which has 12 factories and 1,660 employees, is in fact the owner of two French nuggets, Segault in Mennecy (Essonne) and Velan SAS (ex-Alstom and ex-Schlumberger) in Lyon (Rhône). ). “These two companies have rare expertise‘ testifies a member of the Nuclear Valley Poland Guide.
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