# 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.

- Type: Acquisition
- Announced: 2021-08-17
- Where: Finland
- Value: $48.2M (40.9M EUR)
- Status: announced
- Products: valves, pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.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

- [valve-world.net](https://valve-world.net/neles-to-acquire-the-valve-pump-businesses-of-flowrox/), 2021-08-17: "Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company Flowrox."
- [e-mj.com](https://www.e-mj.com/departments/suppliers-report/flowrox-sells-valve-pumps-biz-to-neles/), 2021-08-23: "Finland-based Flowrox sold its valve and pump businesses for roughly $50 million to Neles"
- [pumps-africa.com](https://pumps-africa.com/flowrox-sells-its-valve-and-pump-businesses-to-neles/), 2021-08-25: "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."
- [old.pumps-africa.com](https://old.pumps-africa.com/flowrox-sells-its-valve-and-pump-businesses-to-neles/), 2021-08-25: "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."
- [globalminingreview.com](https://www.globalminingreview.com/finance-business/30092021/flowrox-sells-valve-and-pump-business-to-neles/), 2021-09-30: "The purchase price of the valve and pump businesses is €40,9 million, with additional earn-out consideration of up to €3 million."

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