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

Flowserve agreed to acquire Canadian industrial valve maker Velan in an all-cash transaction valued at about $245 million (C$329 million), including equity and assumed debt. The deal is expected to close by the end of Q2 2023.

“Flowserve will acquire Velan in an all cash transaction (the "Transaction") valued at approximately $245 million (C$329 million).”flowserve.com

• 5 sources
• flowserve.comFlowserve to Acquire Velan in an All-cash Transaction Valued at Approximately $245 million (C$329 million) | FlowserveFeb 10, 2023
• worldpumps.comWorld Pumps - Flowserve to acquire Canadian valve maker Velan in US$245mn deal - World PumpsFeb 10, 2023
• businesswire.comFlowserve to Acquire Velan in an All-cash Transaction Valued at Approximately $245 million (C$329 million)Feb 10, 2023
• law360.comValve Maker Flowserve To Pay $245M For Canada's Velan - Law360Feb 10, 2023
• asianwater.com.myFlowserve to acquire Velan in an all-cash transaction - Asian WaterMar 13, 2023

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