• Tuure Stenberg has been appointed as non-executive director of Vexve Group Oy’s Board of Directors starting from May 28, 2025
• Tomio Pihkala steps down after nine years of dedicated service on the Board

Tuure Stenberg has been appointed as a non-executive director of Vexve Group Oy’s (“Vexve”) Board of Directors starting from May 28, 2025. Tuure has extensive experience from energy infrastructure industry and is currently serving as the CEO of Simap, a company focusing on centralised smart heating regulation systems.

“I am honoured to join Vexve’s board. I’ve followed Vexve’s impressive development for many years as a customer. The company plays a pivotal role in the energy transition, and I look forward to supporting its continued growth in mission-critical valve technologies,” says Tuure Stenberg.

“Tuure brings valuable insight and industry expertise to the board. His appointment supports Vexve’s ongoing growth, and we look forward to his contributions as we continue to advance our role as the leading provider of valve solutions in the sustainable energy infrastructure,” says Kari Lehtinen, Chairperson of the Board.

The Board extends its sincere thanks to Tomio Pihkala, who steps down after nine years of dedicated service. During his tenure, Vexve’s revenues grew fivefold, and his valuable contribution was instrumental to the company’s success.

Following this change, the Vexve Board of Directors comprises Kari Lehtinen (Chairperson), Otto Kukkonen, Nick Adcock, Linda Pålsson, Markku Simula, and Tuure Stenberg.

For more information:
Otto Kukkonen
Partner, DevCo Partners
+358 50 346 3487
otto.kukkonen@devco.fi

Vexve in brief

Vexve is the leading European provider of valve solutions for the energy infrastructure and selected energy-intensive industries. The group is known for its superior product quality, fast delivery times, combined with first-class customer service. Vexve delivers its products to over 70 countries and employs over 900 people with factories in Finland, Denmark, the Czech Republic and Germany. In 2024, the company generated revenue of ca. 200 million EUR. Vexve aims to be the leading provider of mission critical valve solutions in the transition to a low carbon future.

DevCo Partners in brief

DevCo is a long-term oriented active owner dedicated to building world-leading companies in selected niche markets. DevCo provides its companies with hands-on operational resources, strategic support and significant financial resources to support step changes in their performance. DevCo is currently a majority owner of three global niche leaders – Vexve, Medix Biochemica, and Bluefors.