Spirax-Sarco acquires Gestra from Flowserve for EUR 186 million

Spirax-Sarco Engineering agreed to acquire the Gestra division of Flowserve, a Bremen-based maker of steam and fluid control valves, for EUR 186 million on a cash-free, debt-free basis, with the purchase contract signed on 31 March 2017.

“The purchase price amounts to EUR 186 million on cash-free, debt-free basis.”glademichelwirtz.com

• 2 sources
• glademichelwirtz.comPress Releases – GLADE MICHEL WIRTZMay 6, 2020
• glademichelwirtz.comGLADE MICHEL WIRTZ advises Spirax-Sarco Engineering plc on the acquisition of Gestra from Flowserve Corporation - GLADE MICHEL WIRTZMay 6, 2020

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