Yokogawa acquires Norwegian company TechInvent2 AS
July 24, 2017 by Manufacturing AUTOMATION
Jul. 24, 2017 – Yokogawa Electric Corporation has announced the acquisition of TechInvent2 AS, a Norwegian enterprise that holds the rights to FluidCom, a chemical injection metering valve (CIMV).
According to TechInvent2 AS, FluidCom helps prevent blockages and corrosion in oil wells, pipelines and other facilities and employs a patented technology for thermal control. It incorporates the functions of a mass flow meter, control valve, and valve controller and has very few moving parts.
FluidCom has already been delivered to several international oil and gas majors. With TechInvent2 joining the Yokogawa Group, Yokogawa says it will now target delivery of this solution to the oil and gas upstream and midstream sectors, in an effort to help improve operational efficiency, reduce operational costs, and enhance health, safety and the environment (HSE).