- In May 2023, Uponor Oyj announced its decision to acquire the remaining 44.7% stake in its subsidiary Uponor Infra Oy from KWH Group, thereby increasing its ownership to 100%. While this transaction does not impact Uponor's turnover or operating results, it is expected to create shareholder value by improving earnings per share, signaling a stronger control over its infrastructure operations
- In October 2021, TechnipFMC completed the acquisition of Magma Global’s technology, combining both companies’ technological strengths to develop disruptive composite pipe solutions for both traditional and emerging energy sectors. This strategic move enhances TechnipFMC’s portfolio with advanced composite pipe systems, improving its competitive edge in next-generation pipeline infrastructure
- In June 2021, Advanced Drainage Systems, Inc. announced the acquisition of Jet Polymer Recycling, a privately held recycling company based in the southeastern region of the U.S. This acquisition supports ADS’s commitment to sustainability and circular economy practices, by strengthening its in-house recycling capabilities and expanding its materials processing infrastructure
- In May 2021, Magma Global delivered one of the world’s first high-pressure composite riser pipes to HWCG at its Gulf Coast storage site, marking the completion of its Offset Flexible Riser (OFR) system. This milestone demonstrates Magma’s ability to supply rapid-deployment, high-performance solutions for emergency and deepwater applications
- In January 2021, Baker Hughes introduced its next-generation Onshore Composite Flexible Pipes, aimed at resolving issues related to corrosion and high maintenance costs associated with conventional steel pipes. The new product line represents a cost-effective, durable alternative for industrial and onshore applications
