DALLAS – Flowserve Corporation has announced that it has acquired U.K.-based Greenray Turbine Solutions, Ltd. Through this acquisition, Flowserve gains access to deep product expertise and durable revenue for a large installed base of mission-critical equipment, with the ability to leverage Flowserve’s expansive global network of Quick Response Centers (QRCs) for growth.
“Greenray has built a strong reputation for credibility and innovation in servicing gas turbines,” said Lamar Duhon, president, Flowserve Pumps Division. “Adding their unique capabilities to Flowserve gives us access to products that are complementary to our rotating equipment portfolio and critically important to power generation end markets across the globe.”
The acquisition, which was completed for a total of approximately $72 million in cash, is expected to add approximately $25 million of revenue annually.
