Rotork plc. (ROR.L), the actuator manufacturer and flow control company, on Wednesday announced the acquisition of Xylem Flow Control Ltd for £18 million in cash. Xylem Flow Control is a subsidiary of Xylem Inc, a water technology provider.
Based in Wolverhampton, UK, Xylem Flow Control manufactures solenoid valves and instruments under the Midland-ACS, Alcon Solenoid Valves and London Kingsway brands. In 2013, the company generated EBITDA of £2 million on turnover of £14.9 million.
Xylem Flow Control will be renamed Rotork Midland Limited under Rotork ownership and will sit within the Rotork Instruments division, where it will complement the Fairchild, Soldo and YTC brands.
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