# 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.

- Type: Acquisition
- Announced: 2018-12-04
- Where: Bremen, Germany
- Value: $212.0M (186.0M EUR)
- Status: announced
- Products: boiler control systems, valves, steam and fluid process control systems
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Spirax-Sarco Engineering](https://endata.com/companies/489.md) (acquirer)
- [Flowserve](https://endata.com/companies/911.md) (partner)
- [Gestra AG](https://endata.com/companies/1198.md) (target)

## Sources

- [chemengonline.com](https://www.chemengonline.com/spirax-sarco-to-purchase-gestra-ag-from-flowserve/?printmode=1), 2018-12-04: "Spirax-Sarco Engineering plc has signed a conditional sale and purchase agreement to acquire Gestra AG and associated businesses from Flowserve Corp."

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