Flowserve agrees to sell Gestra to Spirax-Sarco Engineering for EUR 186M

Flowserve entered a conditional sale and purchase agreement to sell Gestra AG and associated businesses to Spirax-Sarco Engineering for EUR 186 million. Gestra makes steam and boiler control valves and systems.

“Flowserve Corp has entered into a conditional sale and purchase agreement to sell Gestra AG and associated businesses to Spirax-Sarco Engineering plc in a €186 million deal.”doi.org

• 3 sources
• doi.orgFlowserve sells Gestra to Spirax-Sarco EngineeringApr 1, 2017
• investegate.co.ukInvestegate | Company AnnouncementApr 3, 2017
• doi.orgFlowserve seals Gestra saleMay 1, 2017

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