M&A Deal Summary

Flowserve Acquires Invensys - Flow Control Division

On May 2, 2002, Flowserve acquired machinery company Invensys - Flow Control Division from Invensys for 535M USD

Acquisition Highlights
  • This is Flowserve’s 1st transaction in the Machinery sector.
  • This is Flowserve’s largest (disclosed) transaction.
  • This is Flowserve’s 1st transaction in the United States.

M&A Deal Summary
Date 2002-05-02
Target Invensys - Flow Control Division
Sector Machinery
Buyer(s) Flowserve
Sellers(s) Invensys
Deal Type Divestiture
Deal Value 535M USD

Target

Invensys - Flow Control Division

United States
Flow Control Division (IFC) is a valve company serving a wide range of industries, including petroleum, chemical, power, water and general industry.

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Buyer(S) 1

Buyer

Flowserve

Irving, Texas, United States
Category Company
Founded 1790
Sector Energy Services and Equipment
Employees16,000
Revenue 4.3B USD (2023)
DESCRIPTION
Flowserve's corporate headquarters in Irving, Texas.
Flowserve's corporate headquarters in Irving, Texas.

Flowserve is a producer and supplier of pumps, valves, seals, automation, and services to the power, oil, gas, chemical and other industries. Flowserve was founded in 1790 and is based in Irving, Texas.

DEAL STATS #
Overall 1 of 11
Sector (Machinery) 1 of 6
Type (Divestiture) 1 of 2
Country (United States) 1 of 4
Year (2002) 1 of 1
Size (of disclosed) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-03 Thompsons Kelly & Lewis Pty.

Mulgrave, Australia

Thompsons, Kelly & Lewis Pty. Ltd. is a designer, manufacturer and supplier of centrifugal pumps, railway trackwork products and steel castings.

Buy -

Seller(S) 1

SELLER

Invensys

London, United Kingdom
Category Company
Sector Diversified
Revenue 1.8B GBP (2013)
DESCRIPTION

Invensys is a global technology company that serves a range of industrial and commercial customers. Invensys designs and supplies advanced technologies to optimise operational performance and profitability. The Company operates through four primary segments. These include, Software, Industrial Automation, Energy Controls and Appliance.

DEAL STATS #
Overall 2 of 12
Sector (Machinery) 1 of 3
Type (Divestiture) 2 of 11
Country (United States) 1 of 9
Year (2002) 1 of 5
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Siebe

London, United Kingdom

Siebe plc is a diversified company. Siebe businesses are engineering, packaging, materials, building products and polymers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-14 Alemite

St. Louis, Missouri, United States

Alemite LLC is a designer, manufacturer and marketer of industrial lubrication equipment and components.

Sell $39M
Mergr

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