Flowserve to Acquire MOGAS Industries For $290M With A Potential $15M Earnout; Transaction Expected To Close In Q4
Portfolio Pulse from Benzinga Newsdesk
Flowserve Corporation (FLS) has announced its acquisition of MOGAS Industries for $290 million, with a potential $15 million earnout. The transaction is expected to close in Q4.
August 13, 2024 | 12:32 pm
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Flowserve Corporation (FLS) is acquiring MOGAS Industries for $290 million, with a potential $15 million earnout. The transaction is expected to close in Q4.
The acquisition of MOGAS Industries is likely to be viewed positively by investors as it could enhance Flowserve's product offerings and market position. The potential $15 million earnout indicates confidence in future performance. The transaction's expected closure in Q4 provides a clear timeline for integration.
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