- Business
- Flowserve Corporation (NYSE: FLS; LSE: 0IQE) designs, manufactures and services engineered flow control systems, including pumps, valves, mechanical seals, actuators and related automation and aftermarket services, for critical applications in oil and gas, power generation, chemicals, water management and general industries worldwide. The company offers a comprehensive portfolio encompassing centrifugal and positive displacement pumps such as Byron Jackson, Worthington, IDP, Durco, Pleuger, SIHI and Innomag brands; valves including ball, gate, globe, plug, rotary control and severe service types from Edward, Valtek, Kammer, NAF, Nordstrom, Anchor Darling, Vogt, Worcester Controls, TKL and MOGAS lines; end-face mechanical seals under Durametallic, Flowserve, Five Star Seals, Pac-Seal and BW Seals brands; actuation and instrumentation via Limitorque, Logix, Automax and PMV; plus energy recovery devices, decoking systems and digital optimization solutions. Flowserve provides extensive aftermarket services such as on-site repairs, predictive maintenance, system assessments, installation, commissioning and training through over 25 global centers. Founded in 1997 through the merger of BW/IP and Durco International and headquartered in Irving, Texas, Flowserve operates in more than 50 countries with approximately 16,000 employees serving engineering firms, OEMs, distributors and end users. Recent developments include the October 2024 completion of its $305 million acquisition of MOGAS Industries to bolster severe service valves and aftermarket capabilities; and the June 2025 announcement of an all-stock merger of equals with Chart Industries valued at approximately $19 billion, targeting closure in Q4 2025 to form a global industrial process technology leader with enhanced scale in diversified high-growth markets.