Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it has completed the sale of its Gestra AG business unit to Spirax-Sarco Engineering plc (LON: SPX), a leading provider of steam system solutions. Details of the sale were previously announced on April 3, 2017.
The sale is part of an ongoing effort by Flowserve to better align and optimize its product portfolio and manufacturing footprint, focusing on core business objectives that will allow the company to be more competitive when key industry markets return.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
