# 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.

- Type: Acquisition
- Announced: 2017-04-01
- Where: Bremen, Germany
- Value: $199.0M (186.0M EUR)
- Status: announced
- Products: steam and boiler 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

- [doi.org](https://doi.org/10.1016/s1359-6128(17)30149-0), 2017-04-01: "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."
- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/spirax-group-plc--spx/acquisition/4768615), 2017-04-03: "Spirax Sarco announces that it has signed a conditional sale and purchase agreement to acquire Gestra AG and associated businesses (Gestra) from Flowserve Corporation"
- [doi.org](https://doi.org/10.1016/s1359-6128(17)30166-0), 2017-05-01: "Flowserve Corp has completed the sale of its Gestra AG business unit to Spirax-Sarco Engineering plc"

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