Velan Inc - Company Profile
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Velan Inc (Velan) is a company engaged in the design and manufacture of industrial valves. The company's main activities include producing a wide range of advanced valves such as gate, globe, check, ball, and severe service valves, along with automation and digital solutions. Its products serve customers across various industries, including nuclear, power, mining, oil and gas, and process industries, addressing complex application challenges. Velan operates through a network of authorized service shops globally, ensuring maintenance and service support. The company targets markets worldwide, with a focus on industries requiring high-performance valve solutions. It has presence in the US, Canada, and Italy. Velan is headquartered in Montreal, Quebec, Canada.
Headquarters
Canada
Address
7007 Cote De Liesse, Montreal, Quebec, H4T1G2
Website
velan.com
Telephone
1 514 7487743
No of Employees
1,272
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
VLN (TSE)
Revenue (2025)
$295.2M
14.1%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
-282.5%
(2025 vs 2024)
Market Cap*
$95.0M
Net Profit Margin (2025)
XYZ
-235.3%
(2025 vs 2024)
* As of and is in US$
Velan Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Ball Valves | Startup and Commissioning Support | Velan |
| Butterfly Valves | Complete Overhaul Services | Memoryseal |
| Check Valves | 24 hour Valve Service Assistance | VTP-2000 |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In October, the company secured a main services agreement for North America’s first small modular reactor project from GE Hitachi Nuclear Energy. |
| 2024 | Contracts/Agreements | In September, the company signed a services agreement with GEH SMR Technologies Canada Ltd to supply products and services for a stand-alone Small Modular Reactor for Ontario Power Generation Inc. |
| 2024 | Contracts/Agreements | In July, the company signed a US$50 million alliance agreement with Bruce Power. |
Competitor Comparison
| Key Parameters | Velan Inc | Flowserve Corp | ITT Inc | Hy-Lok Corp | China Valves Technology Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | South Korea | China |
| City | Montreal | Irving | Stamford | Busan | Zhengzhou |
| State/Province | Quebec | Texas | Connecticut | - | Henan |
| No. of Employees | 1,272 | 16,000 | 11,700 | 583 | 2,400 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James A. Mannebach | Chairman; Chief Executive Officer | Executive Board | 2024 | - |
| Rishi Sharma | Chief Financial and Administrative Officer | Senior Management | 2023 | - |
| Rob Velan | Vice Chairman | Executive Board | 2013 | - |
| Suzanne Blanchet | Director | Non Executive Board | 2021 | - |
| Tom Velan | Director | Non Executive Board | 1976 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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