![]() ![]() Rovac’s acquisition is an additional expression of Ham-Let Group Global vision where each one of the acquired companies are addressing a strategic objective and whom activities are synchronized. Rovac’s activity is also synergetic to Astava which operates in the Oil and Gas and Nuclear industries. Norvalves which has been acquired by Ham-Let Group a year ago, specializes in the marketing of valves and fittings for the Oil and Gas Offshore industry: subsea and on shore. Rovac activity is synergetic to Norvalve activity. Rovac Pte is synergetic to Norvalves and Astava activity Rovac, has also been given an option to sell the remaining 30% under the same terms and conditions. the last 12 months of the year before, that ended on September 30 th, 2016.Īccording to the contract terms, Ham – Let Group has been given an option to acquire the remaining 30% of Rovac for a period of 6 months, starting from. Rovac sales volume (according to non-monitored data) during the past 12 months ended on September 30 th, 2017 was $2.5MM, which showed a 29% growth vs. Rovac will allow Ham-Let Group to expand and strengthen its customers base and activity areas, while establishing its presence in Asia. Ham-Let Group is expanding its activity in the Asian Market Rovac has close relations with Engineering companies in the Asian market and around the globe. ![]() Rovac owns a full set of skills and knowledge in the fields of: design, manufacturing and assembly of control and monitoring technology systems for the Oil and Gas industry. Rovac Pte operates in the field of control and monitoring systems for the Oil and Gas industry, which is related to the Process industry activity at Ham-Let.Rovac Pte acquisition is a part of the Ham-Let Group business strategy objectives. Rovac Pte, a privately held company operating in Singapore and specializing in the Oil and Gas industry, was acquired for the amount of $450,000. Ham-Let Group, a developer and manufacturer of fittings and valves for a variety of segments and applications in the process and ultra-clean industries, announced a completion of acquisition of 70% of Rovac Pte, LTD.,on 27 th of October, 2017.The acquisition was completed through the fully owned Ham-Let Group subsidiary in Singapore. Ham-Let Group acquires a company that operates the Control and Monitor technology for the Oil abd Gas field in Singapore. ![]()
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