Flowserve

(FLS) - Get Report

bought closely held HydroTechnik, an Olomouc, Czech Republic mechanical seal manufacturer.

The financial terms of the deal were not disclosed.

The Irving, Texas-based company said that the acquisition gives it a quick path forward in supporting customers and expanding business in the Czech Republic and throughout Eastern Europe. HydroTechnik generated $860,000 in revenue in 2005.

The Olomouc facility immediately will be configured as a Flowserve Quick Response Center to support regional customers, the company said.

This story was created through a joint venture between TheStreet.com and IRIS.