# Neles to acquire Flowrox's valve and pump businesses

Finnish valve company Neles Corp signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox. The price was not disclosed.

- Type: Acquisition
- Announced: 2021-07-01
- Where: Finland, Finland
- Value: $48.3M (40.9M EUR)
- Jobs: 110
- Status: announced
- Products: valves, pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Flowrox](https://endata.com/companies/2101.md) (partner)
- [Flowrox](https://endata.com/companies/2101.md) (target)
- [Neles](https://endata.com/companies/4658.md) (acquirer)

## Sources

- [doi.org](https://doi.org/10.1016/s1359-6128(21)00180-4), 2021-07-01: "Finnish valve company Neles Corp has signed an asset purchase agreement to acquire Flowrox's valve and pump businesses."
- [valmet.com](https://www.valmet.com/news/neles-news-archive/neles-to-acquire-the-valve-and-pump-businesses-of-flowrox-to-accelerate-growth-in-mining-and-metals/), 2021-07-27: "Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company Flowrox."
- [news.cision.com](https://news.cision.com/neles-oyj/r/neles-to-acquire-the-valve-and-pump-businesses-of-flowrox-to-accelerate-growth-in-mining-and-metals,c3389612), 2021-07-27: "Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company Flowrox."
- [pumpscenter.com](https://pumpscenter.com/neles-to-acquire-flowroxs-valve-and-pump-businesses/), 2021-07-27: "The purchase price of the valve and pumps businesses is €40.9 million, payable in cash at closing, with an additional earn-out consideration of up to €3 million."
- [im-mining.com](https://im-mining.com/2021/07/27/neles-looks-for-added-mining-and-metals-exposure-with-flowrox-transaction/), 2021-07-27: "Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company."
- [powderbulksolids.com](https://www.powderbulksolids.com/valves-gates-airlocks/flowrox-sells-valve-and-pump-businesses), 2021-07-29: "The purchase price of the valve and pump businesses is 40,9 million EUR, with additional earn-out consideration of up to 3 million EUR."

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