Spirax-Sarco to acquire Gestra AG from Flowserve for EUR 186 million

Spirax-Sarco Engineering signed a conditional agreement to buy Gestra AG and associated businesses from Flowserve for a cash-free, debt-free consideration of EUR 186 million. Gestra is headquartered in Bremen, Germany and makes boiler control systems, valves and steam control equipment. Completion awaits German merger control approval.

“Spirax-Sarco Engineering plc has signed a conditional sale and purchase agreement to acquire Gestra AG and associated businesses from Flowserve Corp.”chemengonline.com

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• chemengonline.comSpirax-Sarco to purchase Gestra AG from Flowserve - Chemical EngineeringDec 4, 2018

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