KSB Acquires South Korean Valve Manufacturer

By Ksb Ag, PRNE
Wednesday, March 23, 2011

FRANKENTHAL, Germany, March 24, 2011 - 24 March 2011 saw KSB buy the South Korean valve specialist
Seres Co. Ltd. The company was founded in 1982 and has a total workforce of
over 130 employed at its Seoul headquarters and its production site in Busan,
South Korea's
second biggest city.

The acquisition of Seil Seres offers KSB good prospects for
successful growth in the East Asian marine valve market. The leading
shipyards for the construction of large-sized merchant ships are located in
China, Japan and South Korea. So far, KSB has primarily equipped ships with
cryogenic valves for liquefied natural gas transport, an application for
which KSB is already the leading supplier. With the products made by the
South Korean company, KSB is able to expand its range of marine valves and
associated components. Seil Seres' production range includes cryogenic ball
valves and needle valves alongside valve control and monitoring equipment.
Hydraulic and pneumatic actuators are also manufactured by the Korean

The acquisition is part of the Group strategy aimed at
specifically strengthening KSB's position in promising business lines. In
addition to pumps, valves are the German manufacturer's second main product;
automation products for the closed and open loop control and the monitoring
of pumps and valves are also steadily gaining in importance.

The KSB Group

KSB is one of the world's leading manufacturers of pumps,
valves and related systems for industrial applications and building services,
for water and waste water management and for the energy and hydrotransport
sectors. The Frankenthal (Germany) based Group has a presence on all
continents with its own sales and marketing organisations, manufacturing
facilities and service operations. More than 14,500 employees generate a
total sales volume of almost 2 billion euros.


    KSB Aktiengesellschaft
    Communications (A-CC)
    67225 Frankenthal


    Ullrich Bingenheimer
    Tel. +49-6233-86-2138, Fax 3456

Editor: KSB Aktiengesellschaft, Communications (A-CC), 67225 Frankenthal; Contact, Ullrich Bingenheimer, Tel. +49-6233-86-2138, Fax 3456, ullrich.bingenheimer at ksb.com

will not be displayed