Neles to acquire valve and pump businesses of Finland's Flowrox for EUR 40.9M

Neles signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox, with about EUR 30 million of 2020 sales, for EUR 40.9 million in cash plus up to EUR 3 million earn-out. Closing is estimated for November 2021.

“Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company Flowrox.”valve-world.net

• 5 sources
• valve-world.netNeles to acquire the valve & pump businesses of Flowrox - Valve WorldAug 17, 2021
• e-mj.comFlowrox Sells Valve, Pumps Biz to Neles - E & MJAug 23, 2021
• pumps-africa.comFlowrox sells its valve and pump businesses to Neles | Pumps Africa | Pan-African Pump, Water & Industrial NewsAug 25, 2021
• old.pumps-africa.comFlowrox sells its valve and pump businesses to Neles | Pumps AfricaAug 25, 2021
• globalminingreview.comFlowrox sells valve and pump business to Neles | Global Mining ReviewSep 30, 2021

Summarized from public sources; check the original articles before acting on it.