ABBON AND MOKVELD JOIN FORCES

ABBON AS has been acquired 100% by MOKVELD’s Holding company.

ABBON will continue to operate under its own name, as member of the MOKVELD companies group, it will receive the backing of a partner with expertise in marketing and manufacturing equipment for the Oil & Gas Industry, enabling seamless commercialization of the ABBON 3PM flow meter.

ABBON AS, located outside Oslo, Norway, was founded in 2004 and currently has a staff of 10 employees. ABBON has developed a cost-effective, compact and non-radioactive multiphase flow meter with the patented TWINFLOW™ technology, enabling Oil & Gas operators to optimize production and increase recovery rates per well. (www.abbon.com)

MOKVELD Valves BV, with the headquarter in Gouda, The Netherlands, has over 50 years of experience in designing and manufacturing bespoke valves for the world’s oil and gas industry. With a current staff of over 370 employees, the position of MOKVELD as a leading manufacturer of mission critical valve systems for demanding control and safety applications is largely owed to the innovative and quality driven nature of the company. (www.mokveld.com)

With the investment in ABBON’s multiphase flow measurement technology, MOKVELD together with ABBON can provide complementary solutions to the growing Oil & Gas markets for production recovery, optimization and asset management.