Mokveld acquires meter maker
19 May 2015
Dutch valves manufacturer Mokveld Valves has acquired Norwegian flow measurement specialist Abbon for an undisclosed fee.
Mokveld specialises in engineered valve systems for the worldwide oil & gas markets, and the company said it hoped the acquistion of Abbon’s multiphase flow measurement technology would help it ”better serve the growing markets for recovery optimisation and asset management”.
Abbon will continue to operate under its own name.
However, as a member of the Mokveld group of companies, it will receive the backing of a partner with expertise in the marketing and manufacturing of equipment for the oil & gas sector, enabling the commercialisation of the Abbon 3PM flow meter.
