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Highlights
- Flowserve enhances its severe service valve portfolio through the strategic acquisition of MOGAS Industries.
- The $305 million deal is expected to boost Flowserve’s growth and aftermarket services globally.
- Integration of MOGAS will enhance Flowserve's offerings and support its 3D strategy for growth.
Flowserve Corporation, a leading provider of flow control products and services for global infrastructure markets, has officially completed the acquisition of MOGAS Industries. This significant transaction is designed to strengthen Flowserve’s footprint in the mission-critical severe service valve sector and enhance its associated aftermarket services.
Scott Rowe, President and CEO of Flowserve, expressed enthusiasm about the acquisition, stating, “We welcome the MOGAS team to Flowserve and look forward to leveraging our industry-leading scale to expand the MOGAS severe service portfolio and aftermarket services to customers around the world.” He emphasized that this acquisition aligns with Flowserve’s strategic goals and will help accelerate growth under its 3D strategy—driving growth, diversifying offerings, and enhancing customer satisfaction.
Flowserve plans to fully integrate MOGAS into its Flow Control Division segment, aiming to streamline operations and maximize the potential of both companies' product lines. By combining resources and expertise, Flowserve intends to leverage MOGAS’ large installed base to enhance its valve aftermarket business, offering improved support and services to existing customers while attracting new ones.
The acquisition was funded using cash, with the purchase price totaling approximately $305 million, including potential earnouts. This financial strategy reflects Flowserve’s commitment to maintaining a strong balance sheet while pursuing strategic growth opportunities that align with its long-term vision.
The acquisition of MOGAS Industries positions Flowserve to better serve the increasing demand for severe service valves across various industries, including oil and gas, power generation, and water management. MOGAS is recognized for its high-quality valve products designed for critical applications, making this acquisition a strategic fit for Flowserve’s existing portfolio.
With operations in over 50 countries, Flowserve is well-positioned to leverage its extensive global network to expand the reach of MOGAS products. By integrating MOGAS into its operations, Flowserve aims to enhance its service offerings, improve customer satisfaction, and ultimately drive revenue growth.
Flowserve’s strategic acquisition is expected to create new avenues for innovation and customer engagement, aligning with the company’s commitment to providing high-performance flow control solutions. By enhancing its capabilities in severe service applications, Flowserve is poised to capitalize on emerging market opportunities and further solidify its position as a leader in the flow control industry.
As Flowserve continues to execute its 3D strategy, the integration of MOGAS will play a critical role in advancing the company’s growth initiatives. The focus will remain on delivering value to customers while expanding the range of services and products available through the combined expertise of both organizations.
