Etiket: Velan
Velan reduces its net loss in the last quarter of its 2024 financial year
Velan narrowed its net loss and slightly increased its revenue in the fourth quarter. Posted at 5:53 p.m. The Montreal-based company reported a net loss of US$2.1 million in the…
Velan sale falls through
Faced with the impossibility of obtaining approval from France, the sale of the Montreal industrial valve manufacturer Velan to an American company fell through. Published at 9:55 p.m. Velan announced…
Industrial valves | Montreal’s Velan sold 329 million to a Texas firm
Montreal-based industrial valve manufacturer Velan is being acquired by Texas-based industrial plumbing company Flowserve for a reported total of C$329 million. Posted at 10:54 a.m. Updated at 4:42 p.m. Founded…
High-tech industrial valves | Montreal’s Velan bought for 329 million
Montreal-based Velan, a manufacturer of high-tech industrial valves, has been acquired by a Texas-based industrial plumbing company, Flowserve, for an announced sum of C$329 million, which will be paid in…
2nd quarter | Velan sees revenue decline
(Montreal) Velan saw its revenues decline by 16.5% in the second quarter, which ended in a net loss of 3.7 million US, while it had generated a net profit of…