Flowserve Acquires Greenray Turbine Solutions, Expanding Aftermarket Capabilities in Industrial Gas Turbines

Core Insights - Flowserve Corporation has acquired Greenray Turbine Solutions, enhancing its capabilities in servicing industrial gas turbines and expanding its product offerings in the power generation market [1][2] Acquisition Details - The acquisition of Greenray was completed for approximately $72 million in cash [2] - It is expected to contribute around $25 million in annual revenue to Flowserve [2] Company Overview - Flowserve Corporation is a leading provider of fluid motion and control products and services, operating in over 50 countries [3] - The company specializes in engineered and industrial pumps, seals, valves, and related flow management services [3]