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Flowserve Corporation has signed an agreement to acquire Trillium Flow Technologies' Valves Division for $490 million. The acquisition aims to enhance Flowserve's capabilities in nuclear and power generation markets and is expected to close mid-2026.

Trillium's Valves Division is projected to have annual revenues of around $200 million, with an adjusted EBITDA margin in the high teens. The purchase will be funded through cash and debt, and it excludes Trillium's French operations.