PG Flow Solutions acquired Cflow

PG Flow Solutions AS, a Sandes, Norway-based liquid handling and pump specialist, announced that it acquired Cflow, a company specialised in handling, storage and transport of live fish.

Financial details were not disclosed. Following the acquisition of Cflow, Norvestor, the PG Flow owner, will hold 58% of the shares in PG Flow Solutions, with the remainder owned by members of the company’s board of directors and management. 

The deal rationale is for PG to become a more complete solution provider to companies operating in the fishery and aquaculture industries. In 2018, the combined group will have revenues of approximately NOK 800 million and about 190 employees.

The two companies have had a close cooperation on projects where Cflow has combined its unique fish welfare competence and technology with the innovation profile and pump competence of PG Flow Solutions to develop new solutions for improved fish handling.

Cflow’s primary business areas are design, engineering and production of solutions and services for the fishing and aquaculture industries. The Company is renowned for developing innovative products that ensure improved fish welfare, with associated financial benefits for the customers. Cflow is located in Langevaag outside Aalesund, Norway, and employs 71 people. In 2017, Cflow had revenues in excess of NOK 300 million.

Cflow Fish Handling AS and Cflow’s other subsidiaries will continue to operate out of its Langevaag-based headquarters, under the Cflow brand. Cflow’s current management team will remain in the company, reporting to Steve Paulsen, CEO of PG Flow Solutions.

PG Flow Solutions, originally founded in 1982, as Ing. Per Gjerdrum AS (PG), provides proprietary liquid handling solutions, systems and products to companies in the aquaculture/fisheries, marine, energy and land-based process industries. The company’s heritage is within pumps and pump systems and now designs, engineers, manufactures, tests and commission and provides service & support through the lifecycle of the products.

In June 2015, the company was re-named to PG Flow Solutions AS following the acquisition of UK based high-pressure flow solution specialist Calder Ltd.

PG Flow Solution’s headquarters and main manufacturing facility are located in Sande, Vestfold, Norway. Its subsidiary Calder Ltd operates out of a similar facility in Worchester outside Birmingham, UK.