ACI-SOMAGEP, a distributor of industrial valves in Europe and Africa, has just acquired Jiangsu COLVES Fluid Control LTD, a manufacturer of industrial valves based in Nantong (China), specializing in the oil & gas, petrochemical, power, infrastructure and water treatment sectors.
The takeover also included the acquisition of the Italian company COLVES Fluid Control SRL, the brand's distributor in Europe and worldwide.
This operation will enable ACI-SOMAGEP to strengthen its supply chain management by ensuring control over the manufacturing quality of its valves.
"We are delighted with this new acquisition, which is perfectly in line with the Group's external growth strategy, and will enable us to consolidate our full range of services for turnkey industrial projects (EPC)".
Johann Charrier, CEO, PARLYM Group
"This new acquisition brings additional credibility to ACI-SOMAGEP's activities and its employees. It strengthens our position as a premium manufacturer and fits in perfectly with the PARLYM Group's objectives. In addition to a manufacturing unit, the PARLYM Group and its subsidiaries will have a stable base for all their operations on the Asian continent".
Quentin Pujo, General Manager, ACI-SOMAGEP
PARLYM, a major player in the international engineering field, offers a range of services for customers wishing to carry out industrial projects involving investments of up to €80m in the energy sector. Employing nearly 1,200 people worldwide, the PARLYM Group generated consolidated sales of €171m at March 31, 2023, on services ranging from turnkey projects to the delegation of design and site personnel.
ACI-SOMAGEP is a supplier of valves and pipes, specializing in the oil & gas, mining, petrochemical and metallurgy sectors, with over 50 years' experience. Its equipment is manufactured using state-of-the-art techniques, capable of withstanding the most complex and demanding environments.
COLVES is a manufacturer of industrial valves, founded in 1981, and over the years has become a well-known and recognized supplier to leading EPCs and end-users in Italy and around the world.