07152018Sun
Last updateFri, 13 Jul 2018 4pm

i

Valve Manufacturing

Flowserve Selling Gestra AG to Spirax Sarco

Flowserve Corporation has entered into a conditional sale and purchase agreement to sell its Gestra AG business unit to Spirax-Sarco Engineering plc for an enterprise value of $231 million. In addition to the product’s core manufacturing facilities in Bremen, Germany, the sale also includes several other smaller associated businesses supporting Gestra products.

Flowserve obtained Gestra AG in 2002 as part of the acquisition of Invensys Flow Control. The transaction is expected to be completed during the second quarter of 2017. 

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