Vector International joins forces with Icarus
Vector International, a recognized global supplier of compact connection and sealing technology solutions for piping, vessel and pressure containment, is acquiring Icarus.
Icarus is a Belgian company that is a leading specialist provider of piping materials and valves to the petroleum, chemical and petrochemical industries.
Icarus has a strong position in the Southern parts of Europe, the French-speaking parts of Africa, and the UK sector of the North Sea and Asia. The company has experienced significant growth over the recent years, and the 2007 revenues are expected to surpass EUR 65 million.
Both companies have ambition to expand within their product segments, industries as well as geographical markets, and substantial synergies are expected following the acquisition.
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