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-0.000181653042688558 -0.000908265213442403 0.000181653042688429 0.000726612170753845 -0.00599455040871931 -0.00581289736603089 -0.00581289736603089 -0.00417801998183477
Stock impact report

Flowserve Acquires MOGAS Industries & Enhances Product Portfolio [Yahoo! Finance]

Flowserve Corporation (FLS) 
Last flowserve corporation earnings: 2/17 04:20 pm Check Earnings Report
US:NYSE Investor Relations: ir.flowserve.com
Company Research Source: Yahoo! Finance
Flowserve Corporation FLS recently completed its previously announced acquisition of MOGAS Industries for $305 million, which includes the potential earnout. The company funded the transaction through its cash balance. Based in Houston, TX, MOGAS is engaged in providing mission-critical severe service valves and related aftermarket services. The company's products are sold to several end markets, including power, mining and process industries. It has an extensive geographic presence with sales and service offices in Europe, Canada, South America, Australia, China, India and the Middle East. Acquisition Rationale The latest buyout decision is in sync with Flowserve's policy of acquiring businesses to strengthen its business and product portfolio. The company will incorporate MOGAS into its Flow Control Division segment, which manufactures valves, valve automation products, boiler controls and solutions. The addition of MOGAS' differentiated valve products and technical experti Show less Read more
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