Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Wed., Jun. 29, 9:23 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.'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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Avg. Broker Rec.
 
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Buy (2.78 out of 4) 5th percentile
(ranked lower than approx. 95% of all stocks covered)
Analysts' Target Price: FLS Stock Forecast Based on Zacks ABR data; powered by Xignite |
