VALVE MAGAZINE Summer 2025

INDUSTRY NEWS

Chart Industries, Flowserve Corp. to Combine in All-Stock Merger of Equals

Chart Industries, Inc. and Flowserve Corporation have entered into a definitive agreement to combine an all-stock merger of equals. The combined company is expected to have an enterprise value of approx imately $19 billion based on the exchange ratio and the closing share prices for Chart and Flowserve as of June 3, 2025. With an installed base of more than 5.5 million assets in more than 50 countries, the combined company will address the full customer life cycle from process design through aftermarket support. The combined company generated net revenue of approximately $8.8 billion as of the end of Q1 2025, drawn from diverse, high-growth, attractive end markets, including approximately $3.7 billion in aftermarket services revenue, representing approximately 42% of combined revenue. The combination brings together Chart’s expertise in process technol ogies across compression, thermal, Rehlko, a global player in energy resilience, announced that it has reached a definitive agreement to transition ownership of its Curtis Instruments business to Parker Hannifin Corporation, the motion and control technologies company, for approximately $1 billion in cash. The transaction, which is expected to close by the end of 2025, reflects Rehlko’s strategic focus on strength ening its core enterprise capabilities and commitment to delivering indus try-leading energy resilience solu tions for its customers. “Rehlko is proud of the legacy and performance of Curtis as a high-per forming, innovation-driven business,” says Brian Melka, President and Chief Executive Officer of Rehlko. “Parker is an exceptional company and we are confident Curtis will thrive from

Source: Flowserve investor presentation

tunities to differentiate solutions, offering a comprehensive digital overlay, including monitoring and predictive capabilities.

cryogenic and specialty solutions and Flowserve’s capabilities in flow management. Combining digital plat forms that underpin this full suite of solutions will enable further oppor

Parker Hannifin to Purchase Curtis Instruments from Rehlko

Source: Getty Images

Until the transaction closes, Curtis will continue to operate as part of Rehlko, with both companies focused on delivering the same high-quality products, services and support that have defined their market-leading posi tions for over six decades.

Parker’s increased scale, focus and investment.” The move positions both Rehlko and Curtis to pursue independent growth strat egies, focused on accelerating innovation and expanding customer impact. Rehlko was acquired by Platinum Equity in 2024.

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VALVE MAGAZINE

SUMMER 2025