Copyright of the Daily Oil Bulletin 2017
Master Flo Acquires Control And Data Acquisition Company, Dycor Technologies
Edmonton-based Master Flo Valve Inc. says it has acquired Dycor Technologies Inc., another long term Alberta company.
Dycor expands Master Flo’s actuation and control offering to include data acquisition, low power data transmittal from remote areas, and supervisory control solutions and expertise.
Master Flo customers will now be able to partner with a single company to reduce costs and achieve operational efficiencies through comprehensive flow management solutions and process control and data acquisition systems. Dycor’s customers will benefit from access to Master Flo’s engineering, research and development, and manufacturing expertise, along with Master Flo’s global network of sales, service and distribution locations. Those include the full resources of the Stream-Flo Group of Companies, of which Master Flo is a member along with Stream-Flo Industries Ltd.
“This strategic acquisition is a natural evolution of Master Flo’s commitment to provide increasing value to our customers,” Mark McNeill, president of Master Flo, said in a news release. “In addition to our leading flow management products and solutions, our customers will benefit from Dycor’s proven expertise in control and data acquisition systems for the oil and gas industry,” he added.
“Master Flo is a recognized leader in the global oil and gas industry that is known for delivering excellent customer experiences and innovative flow solutions,” said Edgar Semler, president of Dycor. “The value of Dycor solutions will be enhanced now and in the future by Master Flo’s breadth and depth of products, technology, and expertise, its ongoing investments in research and development, and Master Flo’s approach to building long-term partnerships with customers.”
Dycor, founded in 1981, will continue to operate and serve customers out of its Edmonton location.