Neles Oyj (HLSE:NELES) entered into an agreement to acquire Valve and Pump Businesses of Flowrox Oy for ?43.9 million on July 27, 2021. The purchase price of the valve and pumps businesses is ?40.9 million, payable in cash at closing, with an additional orders received-based earn-out consideration of up to ?3 million for a one-year period after closing, also payable in cash. The deal also includes the Flowrox brand. Flowrox?s industrial automation, environmental technologies and filter business are excluded from the acquisition and will continue under a new, later to be announced name and brand. In 2020, Flowrox?s valve and pump businesses had sales of about ?30 million. With the transaction, approximately 50% of Flowrox personnel will transfer to Neles. The closing of the acquisition is estimated to take place in November 2021. The transaction is expected to be positive for Neles' earnings per share already in 2022.