Krogerus advises Flowserve Corporation on its divestment of Naval Oy

Krogerus advised Flowserve Corporation on its divestment of Naval Oy. Flowserve is a provider of flow control products and services for global infrastructure markets. Its shares trade on the New York Stock Exchange (NYSE: FLS).

In the transaction, Flowserve sold its business unit Naval Oy, including its all-welded ball valve product line, to the Finnish valve manufacturer Vexve Oy. The sale included Naval’s manufacturing facility located in Laitila, Finland as well as a service and support centre located in St. Petersburg, Russia. The transaction value is undisclosed.

The Krogerus team, led by partner Marko Vuori, included counsel Ilkka Liljeroos and associate Lauri Raade.