VDMA, a German association representing 3,600 German and European mechanical and plant engineering companies, said the industrial valve industry experienced an expected downturn in the first half of 2026, following a prolonged period of growth.
Valmet, a global technology leader serving the process industries, has entered into a deal with UK-based private equity firm Bluewater to acquire the Severn Group, a major US industrial valve company, for $480 million on a cash and debt-free basis.
