Flowserve Corp to Acquire MOGAS Industries for $290 Million

Flowserve Corp has announced its acquisition of MOGAS Industries for $290 million. This strategic move aims to boost Flowserve's 3D growth strategy. The transaction is expected to be accretive to adjusted earnings per share (EPS) in its first full operational year and will be funded through cash and available debt financing.

Flowserve Corp has made a significant announcement regarding its acquisition of MOGAS Industries, a deal valued at $290 million. This transaction is set to advance Flowserve's 3D growth strategy significantly.

According to Flowserve, the acquisition is poised to be accretive to the company's adjusted EPS within the first full year following the transaction's closure.

The upfront cash consideration for the acquisition is planned to be funded through a combination of cash reserves and available debt financing.

(With inputs from agencies.)