Pump, valve maker buys Czech manufacturer
Flowserve Corp. , a provider of fluid motion and control products and services, announced it acquired HydroTechnik Olomouc s.r.o., a privately held mechanical seal manufacturer based in Olomouc, Czech Republic. Terms of the deal were not disclosed. Flowserve made the announcement June 19.
Established in 1992, Hydrotechnik Olomouc (HTO) offers an established lineup of mechanical seals and related products, focusing on Czech original equipment manufacturers, and power and process industry markets, Flowserve says. In 2005, HTO generated $860,000 in revenue.
“This addition to Flowserve’s portfolio of products and services offers tremendous potential for expansion of capacity in Eastern Europe,” says Andy Beall, president, Flowserve Flow Solutions. “It is a positive step for Flowserve in helping increase our presence in the region, and supporting our key strategy of globalization.” The acquisition gives Flowserve a quick path forward in supporting customers and expanding business in the Czech Republic and throughout Eastern Europe, according to the company. The Olomouc facility immediately will be configured as a Flowserve Quick Response Center (QRC) to support regional customers.
HTO was formed from the former SIGMA Pumps Research Institute when many of its top seal specialists decided to form an independent company, Flowserve says; “The successful focus of the company remains development, design and production mechanical seals for pumps and hydraulic equipment producers.” Flowserve is based in Dallas, TX.
--Edited by Mark T. Hoske , Control Engineering editor in chief