Flowserve to acquire Velan in $245 million all-cash deal

Flowserve agreed to acquire Velan, a Montreal-based industrial valve maker, in an all-cash transaction valued at about $245 million including assumed debt. The deal is expected to close by the end of the second quarter of 2023.

“Flowserve will acquire Velan in an all cash transaction valued at approximately $245mn (C$329mn).”energy-analytics-institute.org

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• energy-analytics-institute.orgFlowserve Acquires Velan in $245mn All-cash Deal - Editores LatinPetroleumNov 30, 2022

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