A strong valve family born in Finland
31.3.2014 / Press release
Vexve and Naval are now one strong family. The most comprehensive district heating and cooling valve family was born on 31 March 2014 when Vexve Oy acquired Naval Oy from the US based Flowserve Corporation.
Acquisition to concentrate top expertise
The best knowledge, skills, experience and development efforts of this family-owned Finnish company will continue to serve both Vexve and Naval customers worldwide. Quality built valves save time, money and energy as well as protecting the environment.
Finland has a long tradition of district heating construction. Skills perfected in northern conditions are now concentrated with Finnish cleantech, district heating and district cooling expertise. Half a century of experience, engineering excellence, the most modern production methods and customer-focused operations all contribute to ensure operational success.
Vexve and Naval products have earned the trust of customers in over 30 countries. Our family of durable valves ensures that district heating and cooling runs efficiently in China, Russia, Europe as well as the United States. With production of over a million valves, 90% is exported. Vexve won the Finnish President’s Internationalization Award in 2013.
The market’s largest product range
This extensive valve family offers the market’s largest selection of valves covering all needs in the construction and operation of district heating and cooling networks. The range is complemented by a comprehensive range of oil and gas valves, as well as valves for residential use. Products offer customers efficient and trouble-free operation for the entire network lifecycle, even in the most demanding conditions.
Innovative solutions and the flexibility of a family business
As the advantages of family business ownership, sustainability and rapid decision-making can be realized in daily operations for customers. The strong valve family offers exceptional quality that even exceeds the expectations of the most demanding customers. Innovative solutions coupled with high-quality materials and components ensure durable and reliable products.
Strong delivery capability
The customer is at the center of our operating activities. Our strong supply capacity and reliability guarantee that we will be able to meet the most demanding requirements and deliveries to customers are always as agreed. In addition, our strategically located service centers are able to quickly respond to our customers' needs and challenges.
More inclusive together
Professional know-how, modern production methods and processes, as well as uncompromising quality control ensure customers the best overall economic performance. Products and services are designed and developed to meet the operational needs of clients, designers, installers and users. Already strong separately, Vexve and Naval together can offer a more comprehensive, more efficient and precise service in the future.
Lasse Mannola, managing director, om;e.c;exv;a/v;nol;man;se.;las 050 360 8850
Jarmo Nieminen, chairman of the board, com;ve.;vex;en/;min;nie;mo.;jar 050 514 2069
Energy efficiently across the entire heating network
Vexve Oy is a more than 50-year-old family-owned Finnish company that specializes in energy saving products and services. Vexve valves ensure energy efficiency and economy through the whole heating network. Vexve's turnover in 2013 was approximately 50 million euro and it employs 160 people.
Vexve acquires Naval from US based Flowserve Corporation
Vexve Oy has acquired Naval Oy from the US based Flowserve Group, of which Naval was part since 2002. Naval manufactures ball and control valves as well as butterfly valves mainly for district heating. Product applications are growing, for instance natural gas and steam valves, which are suitable for many kinds of industries. Naval turnover in 2013 was approximately 30 million euro and it employs 150 people.
More than a million valves a year
After this acquisition, the resulting extensive valve family totals more than one million valves per year, which are designed in Finland and manufactured in Laitila, Liperi and Sastamala. The premium products meet stringent international standards and regulations. Approximately 90 percent of products are exported to more than thirty countries. The main markets are Russia, China, Scandinavia, Europe and North America. District cooling valves show significant growth prospects, particularly in the Gulf region.