Oxford Flow Secures 8.45m Investment to Accelerate Oil and Gas Product Deployment



Oxford Flow, the flow control equipment specialist for oil, gas, water and industrial process industries, has raised £8.45m to fuel the company’s expansion across all markets and oil and gas product development.

The funding has been secured from eight parties, with existing investors Oxford Sciences Innovation (OSI), Parkwalk, Oxford Investment Consultants and the University of Oxford contributing a total of £5.6m. The remaining amount is made up by GF Piping Systems, a division of Georg Fischer, a Swiss leader in fluid transfer equipment, individual investor Nick Harbinson and companies associated with GK Goh, the Singapore-based investment group.

Neil Poxon, Oxford Flow CEO, says: “To have secured strategic capital at this point in our evolution is a testament to our products and our people. This investment will accelerate our oil and gas new product development and ultimately allow us to rapidly scale up that side of the business across Europe, USA and the Middle East.

“Our axial flow, stemless and multi-phase isolation valve for oil and gas applications is about to commence end-user field trials and we can only see that accelerating as operators look for more cost-effective, emission-free retrofit options in the current market.”

Oxford Flow has re-imagined the actuated valve utilising the latest in sealing and materials technology. Its stemless valve design is unique: instead of a stem and mechanical gearbox, the valve is actuated by a hydraulic piston integrated within the valve body. The innovation is so unique that it has been shortlisted for an SPE Offshore Achievement Award in the Emerging Technology category.

Alun Williams, Investment Director at Parkwalk adds: “Oxford Flow is beginning to revolutionise the valve industry through its ground-breaking technology and exciting commercial strategy. It is precisely the type of transformative company Parkwalk is seeking to support so we are delighted to be part of this latest funding round.”

This funding includes a significant investment by GF Piping Systems, a division of Georg Fischer (GF), into Oxford Flow’s water and industrials business to access its new technology. Oxford Flow will also use this new funding to continue its growth in the water and industrial sectors including scaling up manufacturing and increasing headcount in Oxford, UK and Houston, US.

Tel No:

01865 595248

Email:

info@oxford-flow.com

Website:

www.oxford-flow.com


Emerson: On-site Flow Calibration Services

Are you looking for best-in-class calibration and support? With On-Site ...

Share on Twitter Share on Facebook Read full article

Valve World 2022

Following the cancellation of the international Valve World Exhibition due to ...

Share on Twitter Share on Facebook Read full article

Albion Welcomes New Director

Albion Valves (UK) Ltd, one of the UK’s leading valve suppliers, is ...

Share on Twitter Share on Facebook Read full article

BVAA Valve & Actuator Training

The BVAA offers a range of excellent training courses both online and ...

Share on Twitter Share on Facebook Read full article

BVAA Business Development Event

This week we had an excellent Business Development Event hosted by the BVAA BD ...

Share on Twitter Share on Facebook Read full article

Industrial Valve Summit 2022

Attending IVS Industrial Valve Summit gives you the opportunity to learn ...

Share on Twitter Share on Facebook Read full article

BVAA Hot Spot - Do We Use ISO 7121:2016 Steel Ball Valves

What is it? BS ISO 7121:2016 Steel Ball Valves for general purpose industrial ...

Share on Twitter Share on Facebook Read full article

BVAA Hot Spot ISO DIS 10497 Testing of Valves - Fire Type Testing Requirements

What is it? This is a proposed revision to one of the core fire test standards ...

Share on Twitter Share on Facebook Read full article