21 Investimenti to buy the Italian ball valves division of the Velan Group

June 30, 2008

We are pleased to announce that 21 Investimenti, together with the management, have signed an agreement for the spin-off from the Velan Group of the Italian ball valves activity.

The transaction is expected to be closed by the end of July 2008 and will be the second investment of the newly formed Fund, 21 Investimenti II.

The company, renamed Valbart S.r.L, is the Italian leading manufacturer and distributor of high-end trunnion mounted ball valves for the Oil & Gas, petrochemical and power generation industries.

Through its newly formed partnership, 21 Investimenti will bring its expertise to support the future strong development of the company, which is recognized to be a world leader in its field, supplying superior quality and service to the most important Oil & Gas projects around the world.

The company has a firm determination to maintain its leadership in the valve industry, today and in the future.

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Aussafer, a leading Italian player in sheet metal working with a focus on precision laser cutting services and backed by 21 Invest since December 2020, has acquired Ramo, a company operating in the same sector but focused on cold forming sheet metal.
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