Vexve to acquire ZMK Technologies.

Vexve, a European valve supplier, agreed to acquire ZMK Technologies, a designer and supplier of the most critical valves to the petrochemical industry, from Advanced Holdings, a Singaporean listed company focusing on engineering services and clean technologies. Financial terms were not disclosed. "We feel honoured to have the opportunity to combine forces with ZMK and its highly experienced team that has built the leading company supplying the most demanding valve solutions for the petrochemical sector. Both Vexve Armatury and ZMK are known for the superior quality of their products as well as the desire to deliver their customers the best service in the industry. We are excited of the opportunities the new combination provides," Jussi Vanhanen, Vexve CEO.