Chart Industries (GTLS) and Flowserve (FLS) say the combination is expected to generate approximately $300M of annual cost synergies within three years following the transaction close, primarily from materials and procurement savings, roofline consolidation, organizational efficiencies, and elimination of duplicate public company costs. The companies also expect to deliver commercial revenue synergies over time representing at least an incremental 2% growth on the combined company’s revenue. The combination is expected to be meaningfully accretive to the combined company’s Adjusted EPS in the first year following closing.
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