Flowserve Corporation completes acquisition of LNG Pumping Technology from NexGen Cryogenic Solutions, Inc. to drive decarbonization growth strategy
Acquiring Company
Flowserve
Acquired Company
NexGen Cryogenic Solutions
IrvingLake Havasu CityManufacturingEnergyOil And GasRenewable EnergyManufacturingEnergyOil And GasDescription
Flowserve Corporation, a leading provider of flow control products and services, has acquired the intellectual property and in-process R&D related to cryogenic Liquefied Natural Gas (LNG) submerged pump technology, systems and packaging from NexGen Cryogenic Solutions, Inc. This acquisition is a strategic move to differentiate and expand Flowserve’s LNG product portfolio and complement its existing pumps, valves and mechanical seals offering.
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Frequently asked
Who acquired NexGen Cryogenic Solutions?
NexGen Cryogenic Solutions was acquired by Flowserve, based in Irving. The deal was reported on July 23, 2024. When you need to move, control and protect the flow of materials, Flowserve manufactures extraordinary products and extends a range of services for your critical applications. Flowserve is publicly traded (FLS) and operates in Manufacturing.
When did Flowserve acquire NexGen Cryogenic Solutions?
Flowserve's acquisition of NexGen Cryogenic Solutions was reported on July 23, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does NexGen Cryogenic Solutions do?
NexGen Cryogenic Solutions, Inc. is a privately held Arizona-based company specialized in the engineering, design and testing of LNG pumps and turbines. It is privately held, operating in Manufacturing, and is based in Lake Havasu City.
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