Acquisition


 

TIDMROR 
 
RNS Number : 1553C 
Rotork PLC 
09 November 2009 
 

9 November 2009 
Rotork p.l.c. 
Acquisition of FLOW-QUIP CONTROLS INC. 
Rotork Plc, the specialist engineering company, today announces the acquisition 
of the business and assets of FLOW-QUIP CONTROLS INC, a privately held company 
based in Tulsa, Oklahoma, USA for a consideration, satisfied in cash, of $8.0 
million of which $1 million will be deferred for 12 months. 
Flow-Quip will fit within the Rotork Fluid Systems Division. It will add 
approximately $14 million of annual revenue with current returns marginally 
behind  the rest of the Division. 
Commenting on the acquisition, Peter France, Chief Executive of Rotork Plc, 
said: 
"I am pleased to welcome Flow-Quip into the Rotork family of businesses. 
Flow-Quip brings with it additional products to add to our portfolio together 
with well established customer relationships in the United States and South 
America ,  markets  we have identified as having potential for further growth." 
For further information, please contact: 
 
 
+------------------------------------+------------------------------------+ 
| Rotork p.l.c.                      |                                    | 
+------------------------------------+------------------------------------+ 
| Peter France, Chief Executive      | Tel: 01225733300                   | 
+------------------------------------+------------------------------------+ 
| Bob Slater, Finance Director       | Tel: 01225733224                   | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Financial Dynamics                 | Tel: 020 7831 3113                 | 
+------------------------------------+------------------------------------+ 
| Jon Simmons/Sophie Kernon          |                                    | 
+------------------------------------+------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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