About Velan
Velan is a publicly listed company based in Montreal (Canada) founded in 1950, and was acquired by Framatome in April 2025. Industrial steel valves are manufactured by Velan for global industries. The company has 1,660 employees. Its chief executive, as recorded, is Yves Leduc. Its website velan.com draws about 35 thousand monthly visits. Velan offers products and services including Industrial Valves and Aftermarket Services. Its legal entity is Velan Inc.
Company details
Velan was founded in 1950 in Montreal, Canada, and operates within the industrial manufacturing sector. Steel valves are produced for applications in power generation, petrochemical, and oil and gas industries. Operations are centered on design, fabrication, and testing of high-pressure valves. The company serves international markets from its Canadian base, with leadership provided by CEO and President Yves Leduc.
Products & Services of Velan
Velan offers a comprehensive portfolio of products and services, including Industrial Valves and Aftermarket Services.
A wide range of valves is manufactured for critical applications in various sectors
Repair, refurbishment, and maintenance services are provided for valves to ensure long-term performance
Apps and channels of Velan
its YouTube channel Velan Inc. has 739 subscribers and 15 videos.
Videos from Velan
The most watched videos on Velan's YouTube channel, Velan Inc. (739 subscribers). Click a video to play it here.
More on Velan Inc..
Funding Insights of Velan
- Total Rounds 1
- Last Round Grant — $1.23M
- First Round $1.23M
(Jun 2021)
- Investors Count 1
All 1 funding rounds of Velan with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $1.23M | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Velan
Velan has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Flowserve, Framatome and Ministry of Economy, Finance and Industrial and Digital Sovereignty.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| economie.gouv.fr | ||||
Pumps, valves, seals, and services are supplied to industrial sectors. | 1997 | flowserve.com | Irving, United States | |
Designer, manufacturer, and supplier of nuclear steam supply systems & nuclear equipment | 1958 | framatome.com | La Defense, France |
Investor details for Velan
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People of Velan
10 people are tracked at Velan (4 in leadership, 6 in board & advisors); the tracked headcount is 1,660.
| Name | Role | Group |
|---|---|---|
Yves Leduc | CEO & President | Leadership |
Rob Velan | EVP, General Manager, MRO & Aftermarket and Vice Chairman | Leadership |
Rishi Sharma | CFO | Leadership |
Armando Montano | Head Of Sales EMEA | Leadership |
Ivan Velan | Director | Board & advisors |
Tom Velan | Director | Board & advisors |
James A. Mannebach | Chairman | Board & advisors |
Peter Velan | Director | Board & advisors |
Edward Kernaghan | Director | Board & advisors |
Suzanne Blanchet | Director | Board & advisors |
Complete people profiles for Velan
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IPO & Listings of Velan
Velan is a publicly listed company on the TSX with ticker symbol VLN in Canada, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date29 Jan 2021
- Listed onFRA: 946
- Listed entityVelan Inc.
- Exchange sectorProducer manufacturing
- ISINCA9229321083
- Share price17.00 CAD (-2.8% on the day) · 2026-10-13
- Market capitalisation366,955,780.00 CAD
- EPS (diluted, trailing year)-1.63 CAD
- Dividend yield1.49%
- Volume (last session)1,805
Financials of Velan
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 411.3M CAD | 235.5M CAD | 27.5M CAD |
| 2024 | 408.6M CAD | -104.5M CAD | 36.2M CAD |
| 2023 | 349.2M CAD | -26.6M CAD | 1.6M CAD |
| 2022 | 486.7M CAD | -72.9M CAD | 43.7M CAD |
| 2021 | 515.3M CAD | -26.5M CAD | 63.3M CAD |
Detailed financial statements for Velan
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Web traffic of Velan
The website of Velan (velan.com) receives about 35K visits a month.
- Monthly visits35K
▲ 31.4% vs previous month
Websites whose visitors overlap most with Velan. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| powellvalves.com | 100% | 680.7K | #3,873,414 | View details | |
| flowserve.com | 95% | 190.4K | #188,217 | View details | |
| gwcvalve.com | 91% | View details | |||
| a-tcontrols.com | 83% | 680.7K | #4,423,700 | View details | |
| engvalves.com | 82% | #3,032,199 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Velan
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Related news about Velan
Complete news archive for Velan
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Frequently Asked Questions about Velan
Velan was founded in 1950 and raised its 1st funding round 71 years after it was founded.
Velan is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Yves Leduc is the CEO of Velan, as recorded in our data.
Velan has 1,660 employees.
Annual revenue of Velan is $300.82M as on Feb 28, 2026.
Velan was founded in 1950 in Montreal, Canada, and operates within the industrial manufacturing sector. Steel valves are produced for applications in power generation, petrochemical, and oil and gas industries. Operations are centered on design, fabrication, and testing of high-pressure valves. The company serves international markets from its Canadian base, with leadership provided by CEO and President Yves Leduc.
Velan offers Industrial Valves and Aftermarket Services.
Yes, Velan is publicly traded on TSX under the ticker symbol VLN.
Velan operates through Velan Inc.
Yes. Velan was acquired by Framatome in April 2025.