Yokogawa Electric Corporation has acquired 100% of TechInvent. The company has developed the patented FluidComTM chemical injection valve, used by major oil companies since 2016.
Statoil Technology Invest has been supporting TechInvent since 2008. With the sale of TechInvent to Yokogawa Electric Corporation, the technology will enjoy the solid industrial foundation of the new owner, and commercialization on a global scale. This will benefit Statoil and other customers that needs fully automated, accurate and robust chemical injection technology.