Flowserve to merge with Chart Industries in a $19bn deal.

Flowserve, a supplier of industrial and environmental machinery, agreed to merge with Chart Industries, a highly engineered equipment manufacturer, in a $19bn deal. “Combining Chart and Flowserve creates a comprehensive solutions platform, with the financial strength and resilience to continue driving growth and long-term value. Together we will provide a complete system of capabilities from front-end engineering design to mission critical equipment through aftermarket and servicing, delivering high-quality, value-added solutions to an expanded, global customer base. With robust cash flow, meaningful synergies, and greater aftermarket growth opportunities, the combined company will be ideally positioned to deliver superior and lasting value to its shareholders,” Jill Evanko, Chart President and CEO.