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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sun., Apr. 18, 5:05 AM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

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.'s segments are: Flowserve Pump Division, which are for custom, pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services; and Flow Control Division, which are for engineered and industrial valves, control valves, actuators and controls and related services.

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Company Name: 
Flowserve Corp
Stock buyback: 
FLS buyback
Website: 
www.flowserve.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding FLS: 
57
Total Market Value Held by ETFs: 
$834.41M
Total Market Capitalization: 
$5.17B
% of Market Cap. Held by ETFs: 
16.14%
 

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Hold (2.11 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
FLS Stock Forecast

Based on Zacks ABR data;
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