Flux Group, a newly founded company owned by HitecVision, is acquiring IKM Valves. The acquisition emphasises Flux Group’s ambition to invest in and further develop IKM Valves.
The management and all employees in the newly acquired company will stay on.
“The new owners provide a great foundation for further growth. HitecVision has an excellent track record for building and developing companies, and this will be beneficial for our customers, employees and suppliers”, says Leif Grønning, managing director of IKM Valves.
Flux Group’s goal is to develop preferred suppliers of equipment to the oil and gas market, specialising in customers with high safety and quality standards. IKM Valves is the group’s first acquisition. The group is planning more acquisitions in the near future. It is important that we develop companies based on their own identity. We are looking for companies with an entrepreneurial spirit, which is core to IKM Valves. This is something that we want to encourage moving forward, in addition to giving our companies the opportunity to grow further through the Flux Group, says Jens Chr. Terjesen, CEO of Flux Group.
Flux Group, financed through HitecVision Fund VI, is acquiring 100% share in IKM Valves.