Orkli and Valmex agree to purchase 40% of the Valmex Group

Industry

Components for central heating, domestic hot water, water heating and domestic appliances.

This acquisition helps Orkli consolidate its position in the sector, becoming an international reference point for boiler burner and heat exchanger manufacture.

Nov 17, 2015

Orkli, a MONDRAGON Group company specialising in the manufacture of ceramic fibre burners, has acquired a 40% holding in the Italian company Valmex, a water heat exchanger manufacturer based in Lucrezia di Cartoceto, Italy.

The deal strengthens Orkli’s market position, making it a global benchmark company in the water heating sector, with a full product range sold worldwide.

The many synergies between the two companies will boost the development of new, innovative product solutions, helping open up the brand to new markets and customers.

Orkli’s holding in Valmex will strengthen the feasibility of the projects on which Valmex works and ensure the continuity of those already underway. It will also reinforce both companies’ know-how, allowing them to engage in new, larger undertakings.

In the words of Patxi López Urkiola, Orkli’s Managing Director: “This acquisition clearly positions us as a one-stop supplier with a global outlook and the capacity to meet all our customers’ needs. It is an exciting, transformational deal that will make us one of the sector’s main stakeholders, enabling growth as a company and the reinforcement of Orkli’s innovative character”.

Lorenzo Cantarini, the Managing Director of Valmex, affirms: “Orkli’s incorporation as a Valmex Group shareholder opens up infinite growth possibilities and will pave the way for bigger, better industrial development of the projects we have planned. Our innovation commitment is greatly boosted with this deal”.