# 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.

- Type: Acquisition
- Announced: 2022-11-30
- Where: Canada
- Value: $245.0M
- Status: announced
- Products: industrial valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Velan](https://endata.com/companies/441.md) (target)
- [Flowserve](https://endata.com/companies/911.md) (acquirer)

## Sources

- [energy-analytics-institute.org](https://energy-analytics-institute.org/2023/02/10/flowserve-acquires-velan-in-245mn-all-cash-deal/), 2022-11-30: "Flowserve will acquire Velan in an all cash transaction valued at approximately $245mn (C$329mn)."

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