Flowserve (FLS) to Acquire MOGAS Industries
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Flowserve to Acquire MOGAS Industries, Accelerating 3D Growth Strategy
August 13, 2024 8:30 AM EDTStrategically expands severe service flow control offering in attractive mining, mineral extraction and process industries Highly complementary product and service offering with large installed base that meaningfully enhances Flowserves aftermarket opportunity Attractive upfront purchase multiple of approximately 7.5x MOGAS 2024E adjusted EBITDA which is expected to reduce further with synergy realization Transaction expected to be adjusted Earnings Per Share (EPS) accretive in the first full year following close
DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (Flowserve) (NYSE: FLS), a leading provider of... More
