Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:43 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #52. Flowserve Corp. — Innovative Mag-Drive, LLC
Acquirer:
Flowserve Corp. (NYSE:FLS)
Acquiree:
Innovative Mag-Drive, LLC
Details:
Flowserve Corp. (NYSE:FLS), a global leader in the fluid motion and control industry, announced today it has acquired Innovative Mag-Drive, LLC, or Innomag(TM), a privately owned American manufacturer of advanced sealless magnetic drive centrifugal pumps used primarily in the chemical and general industries.
Flowserve is a manufacturer and aftermarket service provider of flow control systems. Co. develops and manufactures flow control equipment integral to the movement, control and protection of the flow of materials in its customers' processes. Co. has two segments: Flowserve Pump Division, which designs, manufactures, pre-tests, distributes and services custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and upgrades and related aftermarket services; and Flow Control Division, which designs, manufactures, distributes and services a portfolio of flow control solutions.
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Avg. Broker Rec.
 
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Buy (2.80 out of 4) 16th percentile
(ranked lower than approx. 84% of all stocks covered)
Analysts' Target Price: FLS Stock Forecast Based on Zacks ABR data; powered by Xignite |
