THROUGHOUT THE AMERICAS
Industry Updates
Valveworks USA Acquires Lancaster Flow Automation
Valve World Americas features the latest in valve innovations , flow control products and a variety of valve components and accessories . If you would like to feature a press release in an upcoming issue of the journal , please contact Justin Yule at j . yule @ kci-world . com
BP Ventures and EIP Invest in Oxford Flow
Oxford Flow has secured USD $ 25Million in Series C funding , co-led by BP Ventures and Energy Impact Partners ( EIP ), to drive the company ’ s mission to tackle fugitive emissions and advance energy transition technologies .
Originally founded by Professor Thomas Povey in 2015 , Oxford Flow is a spin-out of the Oxford Thermofluids Institute ( OTI ), an internationally renowned facility for aerospace solutions for jets and rockets , at the University of Oxford . The company ’ s technology has no mechanical drive train , stem , or diaphragm , mitigating failure modes and leak paths and helping to address some of the challenges faced by the energy sector including improving valve reliability , reducing maintenance costs , and minimizing fugitive emissions .
Fugitive emissions are emissions leaks from operational equipment , such as valves and compressors , which can occur during the extraction , production , storage , transportation , or use of fuels . By reimagining the valve design , Oxford Flow has addressed this issue to create valves and regulators that significantly reduce wear , maintenance requirements and minimize fugitive emissions from valves .
Valveworks USA has announced the acquisition of Lancaster Flow Automation .
Lancaster Flow Automation is a Houston , Texas based , high-end , innovative choke products company . Lancaster has served its market for 30 + years with new , patented technology and advanced applications . Renowned for its expertise and innovation in choke technology , Lancaster manufactures high-quality chokes and flow control automation with an earned reputation for innovation and excellence , making it the perfect fit within Valveworks ’ quality-focused organization .
Valveworks USA began in 1993 with corporate headquarters , manufacturing , and distribution in Bossier City , Louisiana , USA , manufacturing in Kilgore , Texas , USA , and forging production and manufacturing in three locations in India . Valveworks USA manufactures engineered and quality-assured wellhead and tree equipment , gate valves , and actuation . Valveworks USA has established itself as a trusted supplier in the oil and gas industry for over three decades by strongly emphasizing innovation , quality , support , accountability , integrity , and financial responsibility with a reputation for inventory availability and on-time deliveries . With those values in mind , Valveworks sought a choke line that adds to its current product offerings with equal dynamics .
This acquisition will create synergies for Valveworks USA by adding Lancaster ’ s innovative choke technology products to its global quality manufacturing infrastructure , providing sophisticated products and services to the oil and gas markets .
Curtiss-Wright Completes Acquisition of Ultra Energy
The business designs and manufactures reactor protection systems , neutron monitoring systems , radiation monitoring systems , and temperature and pressure sensors that facilitate the safe and reliable operation of commercial nuclear reactors and other power generation plants . It also provides support to the legacy UK nuclear submarine fleet , as well as current and next-generation ship designs .
Curtiss-Wright Corporation announced that it has completed the acquisition of Ultra Nuclear Limited and Weed Instrument Co ., Inc . for USD $ 25Million in cash . Ultra Energy is a leading global provider of safety-critical measurement and control systems to the Commercial Nuclear and Aerospace & Defense markets .
In alignment with their strategic priorities highlighted at Investor Day , the acquisition of Ultra Energy increases the breadth of Curtiss-Wright ’ s global commercial nuclear portfolio with highly complementary measurement and control solutions supporting plant life extensions and modernization projects of aging power plants and further expands their presence with the leading global designers of small modular reactors , both in the U . S . and Europe .
Daniel Winter Named President of Danfoss Power Solutions
Danfoss recently announced that Daniel Winter has been named president of Danfoss Power Solutions . He succeeds Eric Alström who , after 12 years with Danfoss , has decided to seek new challenges outside the company .
Daniel Winter will join the Danfoss Group Executive Team and take over as President of Danfoss Power Solutions on January 1 , 2025 . He is well-prepared for the new role and has extensive experience within the company . He currently serves as Chief Financial Officer for Danfoss Power Solutions , where he plays a critical role on the Power Solutions Leadership Team ( PSLT ), driving the financial strategy and ensuring solid segment performance during strong growth and challenging market conditions .
“ I ’ m excited to build on our strong foundation , great products and solutions , excellent customer relationships , and a fantastic and talented team with a history of delivering great results ,” Daniel Winter said . “ While the market presents challenges , we ’ re prepared to navigate them and take Power Solutions to the next level .”
6 Valve World Americas | February 2025 • www . valve-world-americas . net