Flowserve to acquire the valves division from Trillium Flow Technologies for $490m.

Flowserve, a provider of flow control products and services for the global infrastructure markets, agreed to acquire the valves division from Trillium Flow Technologies, a designer, manufacturer and aftermarket services provider of pumps and valves, for $490m. “TVD’s products and capabilities are highly complementary to our portfolio and will enhance our ability to meet future demand in nuclear, traditional power, and more broadly across the industrial landscape. We see strong aftermarket potential from their global installed base that is expected to drive profitable growth. The acquisition underscores our commitment to building a more cycle-resilient business and will enhance value for shareholders, customers, and associates. We look forward to welcoming the Trillium Valves team to Flowserve,” Scott Rowe, Flowserve President and CEO.