The gas converter line will be continued under Dutch ownership.
FLONIDAN has entered into an agreement to sell its gas converter line to gAvilar B.V., a Dutch market leader, specialized in the design, construction andinstallationofgas pressure regulators and gas stations.
The product line of gas converters entails the models Uniflo 1000/1100 and 1200, which are all well-known high quality volume converters, produced and sold under the FLONIDAN name for decades.
The gas converters are bought by gas utilities throughout The World and used for the supply of natural gas. Design, production and sales has been managed entirely by FLONIDAN with an installed base of 10.000’s of converters.
"The gas converter line has a strong market position, a clear growth potential and a reputation of long-standing quality and accuracy, says CEO Sten Dyrmose. Growing our market on smart gas meters we do however experience fewer synergies between this business and the business of gas converters. With gAvilar as new owner, the converter line will without a doubt take an important next step to unleash its full potential and deliver added value to customers”.
Alongside the FLONIDAN converter line gAvilar also takes over the agency of FMG rotary and turbine flow meters, which FLONIDAN has held for selected markets.
“We are working closely with gAvilar to ensure a smooth transition for our customers and suppliers”, says Sten Dyrmose.
gAvilar Director Pieter Klijs comments:
“These volume converters are a logical next step for gAvilar in its growing potential to serve gas industry worldwide with high quality and more sophisticated gas products”.
The sale includes all assets related to the converter line and one key employee in product management. Exiting the business of converters and flow meters supports the FLONIDAN strategy to focus on smart gas metering as its core business.
“Smart Metering has kick-started one of the most transformative periods in the history of gas metering and ultimately redefined the gas energy business as we know it. We have managed to get a strong foothold, but to expand this, we need to be very lean and focused in our approach and continue to add value to our customers", says Sten Dyrmose
The transition is expected to be completed by April 1st, 2017.