Chart, Flowserve Merge in $19 Billion All-Stock Deal to Form Industrial Tech Giant
(P&GJ) — Chart Industries and Flowserve Corporation have agreed to merge in an all-stock transaction valued at approximately $19 billion, creating a major player in industrial process technologies.
The new company, which will operate under a new name and brand post-closing, will serve over 50 countries with more than 5.5 million installed assets and a strong presence in aftermarket services.
Chart shareholders will receive 3.165 shares of Flowserve common stock for each Chart share owned, giving Chart investors about 53.5% ownership of the combined company.
“Combining Chart and Flowserve creates a comprehensive solutions platform, with the financial strength and resilience to continue driving growth and long-term value,” said Jill Evanko, president and CEO of Chart.
Scott Rowe, president and CEO of Flowserve, said the deal would “strengthen our ability to meet our customers’ needs, empower innovation and drive long-term, sustainable growth.”
The new company will be headquartered in Dallas, with additional operations in Atlanta and Houston. Leadership will include Evanko as Chair and Rowe as CEO.
The merger is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approval.
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