Vexve Armatury Group strengthens its position in DACH region by acquiring Armatury Group GmbH
Vexve Armatury Group has acquired valve distribution company Armatury Group GmbH, which to date has distributed ARMATURY Group valves for power, gas, and metallurgy segments in Austria and Germany.
The acquisition strengthens Vexve Armatury Group’s presence particularly in the DACH region (Germany, Austria, Switzerland). Vexve Armatury Group is owned by DevCo Partners, a long-term oriented active owner and development partner dedicated to building world-leading companies in selected niche markets.
Vexve Armatury Group has acquired Armatury Group GmbH (“AG GmbH”) from its founder and managing director Mr. David Styblo. AG GmbH is an Austria-based distributor of valves serving especially hydro power, gas, and metallurgy industries. The company has to date supplied exclusively ARMATURY Group produced valves.
Mr. Styblo and his team will continue in operational roles in the group, Mr. Styblo becomes a significant investor in Vexve Armatury Group. The transaction further strengthens Vexve Armatury Group's presence particularly in Austria and Germany and enhances the group’s proximity to its Western European clients in the wider energy segment. The factories, existing operations and employees are not impacted by the acquisition.
“We are excited to combine forces with Armatury Group GmbH and its highly experienced team that we have been working closely with for over 10 years. By further expanding our home markets in Western Europe we can serve our customers more effectively and reinforce our position as the trusted supplier of high-quality valves in select end-markets,” says Jussi Vanhanen, CEO of Vexve Armatury Group.
“The team is very pleased to officially join Vexve Armatury Group after what has been already a fruitful co-operation for many years. Most importantly, we will be able to further deepen our relationship with our customers and partners going forward. I am highly excited for the opportunities that lie ahead of us over the decades of European energy transition,” says David Styblo, founder and managing director of AG GmbH.
For more information:
Vexve Armatury Group | CEO Jussi Vanhanen | Tel. +358 40 5672 458 |
Vexve Armatury Group in brief
Vexve Armatury Group is the leading European provider of valve solutions for critical conditions, especially in the energy sector and energy-intensive applications. The group is known for its superior product quality, fast delivery times combined with first-class customer service. Vexve Armatury Group delivers its products to over 70 countries and employs around 750 people with factories in Finland, Czech Republic and Germany. Vexve Armatury Group 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 and development partner 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 significant owner of three global niche leaders, Vexve Armatury Group, Medix Biochemica, and Bluefors.