# 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.

- Type: Acquisition
- Announced: 2020-05-06
- Where: Bremen, Germany
- Value: $201.0M (186.0M EUR)
- Status: completed
- Products: steam control valves, 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

- [glademichelwirtz.com](https://www.glademichelwirtz.com/en/news/press-releases/glade-michel-wirtz-advises-spirax-sarco-engineering-plc-on-the-acquisition-of-gestra-from-flowserve-corporation), 2020-05-06: "The purchase price amounts to EUR 186 million on cash-free, debt-free basis."
- [glademichelwirtz.com](https://www.glademichelwirtz.com/en/pressemitteilungen/glade-michel-wirtz-advises-spirax-sarco-engineering-plc-on-the-acquisition-of-gestra-from-flowserve-corporation/), 2020-05-06: "The purchase price amounts to EUR 186 million on cash-free, debt-free basis."

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