PG Flow Solutions acquires fish handling specialist CFlow
Liquid handling and pump specialist PG Flow Solutions AS (“PG Flow Solutions” or “the Company”), a portfolio company in Norvestor VI, L.P. (“Norvestor”), has acquired Cflow, a company spesialised in handling, storage and transport of live fish. Through the acquisition PG becomes a more complete solution provider to companies operating in the fishery and aquaculture industries.
PG has its legacy from the Energy market where the company has provided integrated flow solutions and pumps to more than 1,500 vessels and other units serving the upstream oil & gas industry. While continuing to work closely alongside its Energy customers to service the installed base and develop new and innovative solutions to meet the industry’s challenges, PG has significantly strengthened its position in adjacent markets where PG’s pump- and flow solutions competence, capacity and experience is in high demand. With the acquisition of Cflow, PG is taking an important step to further strengthen the Company’s position in the fast growing aquaculture market, and with substantial potential for cross-selling and introduction of high-quality and reliable life cycle services on a 24/7 basis to Cflow´s large installed base within the aquaculture and fisheries industry.