Skip to main content

Flowserve

(FLS) - Get Flowserve Corporation Report

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

The financial terms of the deal were not disclosed.

Scroll to Continue

TheStreet Recommends

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.