ERIKS North American expansion continues

Industrial Valves

ERIKS has continued to strengthen its hand in North America with the acquisition of Quantum Supply Ltd, a manufacturer and distributor of engineering equipment to industry in Western Canada. The acquisition took place at the end of December 2011 through ERIKS wholly-owned operating company Newdell of Houston-Texas and firmly underlines ERIKS' status as a global industrial service provider.

Quantum Supply Ltd markets valve and processing equipment to industry in Western Canada and also specialises in the engineering and fabrication of steam pipeline valve stations. Sales to Quantum Supply Ltd's customers, which span a range of engineering industries that include oil and gas production, mining, power generation and petrochemicals, generate an estimated annual turnover of $10 million Canadian dollars (€7.7 million). Quantum Supply Ltd will continue to operate as an independent unit within Newdell, a US manufacturer and distributor of valves that generates annual sales of $50 million (€39.4 million).

The purchase of Quantum Supply Ltd follows close on the heels of two previous additions to ERIKS' list of North American acquisitions: Industrial Controls, the country's leading distributor of controls, instrumentation, automation and automated valves, and Lewis-Goetz, a major distributor of fabricated hose, conveyor belts and gaskets.

ERIKS currently consists of more than 60 companies with branches in 25 countries, serving over 200,000 customers. In 2010, ERIKS generated net sales of €1.1 billion.

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