Flowserve 通过战略收购 Trillium Flow Technologies 阀门业务，进一步巩固其在核电及其他电力终端市场的领先地位

• 战略收购将加速电力终端市场增长战略，在核电及传统发电领域形成高度互补的产品组合
• 进一步强化阀门及执行机构产品组合，提供关键任务级流体控制解决方案
• 提升服务能力，扩大全球装机基础，带来高比例、高利润的售后市场机会
• 预计 2026 年对调整后经营利润具有增厚效应

达拉斯——（BUSINESS WIRE）— Flowserve Corporation（纽约证券交易所代码：FLS）（以下简称“Flowserve”或“公司”），作为全球基础设施市场领先的流体控制产品及服务供应商，已签署最终协议，以 4.9 亿美元现金收购 Trillium Flow Technologies 阀门事业部¹（Trillium Valves Division，简称 “TVD”）（以下简称“本次交易”）。TVD 是高度工程化、关键任务级阀门的市场领先供应商，其产品广泛应用于 核电、传统电力、工业及关键基础设施领域。本次交易预计将于 2026 年年中完成交割。

TVD 拥有近 200 年的工程技术积淀和卓越的可靠性能，其完整的品牌组合服务于全球客户，覆盖多个具备吸引力且持续增长的终端市场。本次收购将整合 TVD 在 高端阀门与执行机构、差异化核电及电力技术以及可扩展服务能力方面的优势，进一步拓展 Flowserve 在传统与新兴市场中的业务布局。

TVD 拥有 超过 20 万台设备的庞大全球装机基础，其中包括部署于 115 座在运核反应堆中的关键资产，为售后服务、替换及备件需求带来持续且高毛利的收入来源。通过引入 TVD 的产品组合，Flowserve 在 全球 300 多座核反应堆中已建立的领先地位将得到进一步加强，同时也将显著提升公司在现有核电资产服务及 **新建传统反应堆和小型模块化反应堆（SMR）**项目中的综合流体控制解决方案能力。

Flowserve 总裁兼首席执行官 Scott Rowe 表示：

“TVD 的产品和能力与我们现有产品组合高度互补，将显著增强我们在核电、传统电力以及更广泛工业领域中满足未来需求的能力。其全球装机基础所带来的强劲售后市场潜力，将持续推动高质量、盈利性增长。本次收购再次体现了我们打造更具周期韧性业务结构的战略承诺，并将为股东、客户及员工创造长期价值。我们期待欢迎 Trillium 阀门团队加入 Flowserve。”

4.9 亿美元的收购价格约为 TVD 2025 年调整后 EBITDA 的 12.3 倍（不包含预期协同效应）。TVD 预计年化收入约 2 亿美元，调整后 EBITDA 利润率处于 高十位数区间。Flowserve 计划借助 Flowserve Business System（FBS），持续提升 TVD 的运营效率和盈利能力。

在不考虑协同效应的情况下，本次交易 预计将于 2026 年对调整后经营利润产生正向增厚影响。

Flowserve 计划通过 现有现金及新增债务的组合方式为本次交易提供资金支持。本次交易仍需满足惯常交割条件及相关监管审批要求。

财务与法律顾问

• Goldman Sachs & Co. LLC：Flowserve 独家财务顾问
• Baker McKenzie：Flowserve 法律顾问
• J.P. Morgan Securities LLC：TVD 财务顾问
• Freshfields：TVD 法律顾问

¹ 本次交易不包含 Trillium 阀门业务在法国的运营实体。
关于 Flowserve

Flowserve Corporation 是全球领先的流体运动与控制产品及服务供应商之一，业务遍及 50 多个国家。公司主要产品包括工程泵、工业泵、密封件和阀门，并提供一系列相关的流体管理服务。

更多信息请访问：www.flowserve.com。

Safe Harbor Statement: 

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: global supply chain disruptions and the current inflationary environment could adversely affect the efficiency of our manufacturing and increase the cost of providing our products to customers; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from any restructuring and realignment initiatives, our business could be adversely affected; the substantial dependence of our sales on the success of the energy, chemical, power generation and general industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics and changes to tariffs or trade agreements that could affect customer markets, particularly North African, Latin American, Asian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; the impact of public health emergencies, such as outbreaks of epidemics, pandemics, and contagious diseases, on our business and operations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; potential adverse effects resulting from the implementation of new tariffs and related retaliatory actions and changes to or uncertainties related to tariffs and trade agreements; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Argentina; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; if we are not able to maintain our competitive position by successfully developing and introducing new products and integrate new technologies, including artificial intelligence and machine learning; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the United States, as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.

All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that non-GAAP financial measures which exclude certain non-recurring items present additional useful comparisons between current results and results in prior operating periods, providing investors with a clearer view of the underlying trends of the business. Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company's performance. Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP.

Investor Contacts

Brian Ezzell, Vice President, Investor Relations, Treasurer & Corporate Finance (469) 420-3222

Olivia Webb, Director, Investor Relations (469) 420-3223

Media Contact: media@flowserve.com

Source: Flowserve Corporation