Velan Inc. Overview
Pro stress-test →Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company was founded in 1950 and is headquartered in Montreal, Canada. With a diversified portfolio serving power generation, oil and gas, chemical, and emerging nuclear sectors, Velan has positioned itself as a critical infrastructure supplier.
Strategic Profile
Pro stress-test →Velan secured a CAD 20M order from Ontario Power Generation and is involved in North America's first Small Modular Reactor project. The company's order backlog increased 8% since the beginning of the year, with gross profit at CAD 27.2M (37.9% of sales) and adjusted EBITDA of CAD 9.5M. The company is leveraging nuclear energy tailwinds while maintaining operational efficiency across traditional industrial segments.
Competitive Landscape
Pro stress-test →The company offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, mining, shipbuilding, water, and wastewater. Velan competes in a fragmented industrial valve market alongside larger engineering conglomerates and specialized regional manufacturers.
Industry Context
Velan Inc. operates in Industrial Machinery & Equipment Manufacturing.
Key facts
Founded: 1950 · Headquarters: Montreal, Canada · Revenue: CAD 71.7M (Q3 FY2026) · Market cap: CAD 337.82M