# OMB Valves acquires Vogt Valves division from Flowserve for about $28 million

OMB Valves s.p.a. signed on 5 July 2017 to acquire the Vogt Valves division from Flowserve Corporation for approximately $28 million and completed the deal on 6 July 2017, with an expected gain of about $10 million for Flowserve.

- Type: Acquisition
- Announced: 2017-07-05
- Where: Texas, United States
- Value: $28.0M
- Status: completed
- Products: valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Flowserve](https://endata.com/companies/911.md) (partner)
- [OMB Valves](https://endata.com/companies/1765.md) (acquirer)
- [Vogt Valves](https://endata.com/companies/1782.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/FLOWSERVE-CORPORATION-12615/news/OMB-Valves-s-p-a-acquired-Vogt-Valves-division-from-Flowserve-Corporation-for-approximately-28-mil-35030434/), 2017-07-16: "OMB Valves s.p.a. signed an agreement to acquire Vogt Valves division from Flowserve Corporation (NYSE:FLS) for approximately $28 million on July 5, 2017."
- [bergamonews.it](https://www.bergamonews.it/2017/07/17/valvole-la-omb-di-cenate-compra-la-texana-vogt-valves-brevi-acquisizione-storica/260193/), 2017-07-17: "La Omb Valves Spa di Cenate Sotto, holding del gruppo Omb, ha perfezionato lunedì 10 luglio l’acquisto del ramo d’azienda della divisione Vogt Valves di Flowserve Corporation"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.