Norvalves acquired by Ham-Let

Fasade

Norvalves AS has been acquired by Ham-Let, a public company registered on the Tel Aviv Stock Exchange (ticker HAML).

Norvalves AS has been developing and manufacturing valves for the oil and gas industry for 30 years, creating a strong footprint within the industry, for high quality products with expedient turnaround – ensuring safe delivery to clients. The acquisitions support Norvalves strong market position due to the resources available within valve design and additional product line within Ham-Let.

Norvalves is Norway’s largest valve manufacturer located at the Coast Center Base, in the Bergen Subsea region, where all product development, production and sale is taking place.

The new owners commit to further development of Norvalves to be a company with even stronger focus on technology, market and, most importantly; to deliver  outstanding quality. The new owners will utilize its existing international network to bring Norvalves to an even stronger position in the international market.

Alongside this, Norvalves will become Ham-Let’s sales and service center in  Scandinavia, serving the North European market for the Ham-Let groups existing customers.

The employees of Norvalves are excited about the new owners’ long term  commitment, bringing in their experience and expertise from other production  plant and to develop both the company and its products.

The acquisition, which was completed on September 27th 2016, will not affect any of Norvalves many approvals or certificates. The company looks forward to new impulses and strategies to drive the business forward in our continuous improvement (ISO 9001, PED, Achilles etc).

Norvalves will continue as an independent company, looking forward to continued long term relationships with all of our customers, suppliers and partners.

If you have any questions please direct them to CEO of Norvalves; Paul Charles Redfern, either by email paul@norvalves.no or phone +47 911 00 443, or CEO of Ham-Let Ltd: Amir Widman, either by email amir.widmann@ham-let.com, or phone +972 54 6757396.

Further information about Ham-Let