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Flowserve Corp. makes a binding offer to acquire SIHI Group B.V. for $372.5 million, aiming to expand its portfolio with vacuum and fluid pumps. Flowserve, based in Texas, manufactures flow-control products, while SIHI Group, based in the Netherlands, focuses on vacuum and fluid pumps for the chemical market. The acquisition aligns with Flowserve's industrial-product division and its emphasis on the chemical industry.
Thursday, 13 November, 2014