Trillium Flow Technologies Completes Sale of Select Valves Businesses to Flowserve

Corporate Action
โดย PR Newswire·Read original
Summary · why it matters

Trillium Flow Technologies, backed by First Reserve, has completed the sale of select valves businesses to Flowserve Corporation. The transaction excludes Trillium's French valves operations. The divested portfolio includes established brands serving critical industries such as power, water, and infrastructure, with a focus on differentiated technology for nuclear power generation assets globally. Trillium will continue to operate its remaining businesses in critical infrastructure markets. J.P. Morgan Securities LLC served as financial advisor to Trillium and First Reserve, with Freshfields as legal advisor.

Impact on stocks 1

Industrials · 1 stocks
Flowserve Corporation
FLS
▲ PositiveCapitalrelevance

Flowserve acquires select valves businesses from Trillium, expanding its product portfolio and market reach.

Off-coverage companies 4

Trillium Flow TechnologiesPrivate± Mixed
Capitalrelevance

Trillium sells select valves businesses but retains others; net impact unclear without financial details.

First ReservePrivate± Mixed
Capitalrelevance

First Reserve, as Trillium's backer, completes a divestiture; impact depends on deal terms not disclosed.

Freshfields Bruckhaus DeringerPrivate± Mixed
relevance

J.P. Morgan Securities LLCPrivate± Mixed
relevance