Flowserve to acquire Velan for about $245 million

Flowserve agreed to acquire Velan in an all-cash deal valued at about $245 million (C$329 million), including assumed debt. The transaction 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 $245 million (C$329 million).”valveuser.com

• 3 sources
• valveuser.comFlowserve to Acquire Velan - Valve News & Technical ExpertiseMar 28, 2023
• industrialvalves.deAcquisition of Canadian valve manufacturer - industrialvalves.deApr 5, 2023
• valve-world-americas.comVelan Shareholders Approve Acquisition by Flowserve - Valve World AmericasMay 8, 2023

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