tiprankstipranks
Trending News
More News >

Chart Industries, Flowserve say agreement to generate $300M of annual synergies

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.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue