Monday, Rotork Plc (ROR.L) announced 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 around $14 million of annual revenue with current returns marginally behind the rest of the Division.
"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," said Peter France, Chief Executive of Rotork Plc.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.