Flowserve Acquires LNG Pumping Technology from NexGen Cryo to Accelerate Decarbonization Growth Strategy
Flowserve (NYSE: FLS) has acquired cryogenic Liquefied Natural Gas (LNG) submerged pump technology from NexGen Cryogenic Solutions, Inc. This acquisition includes intellectual property and in-process R&D related to LNG pump and cold energy recovery turbine (CERT) technology for liquefaction, shipping, and regasification markets. The move is expected to expand Flowserve's LNG product portfolio and complement its existing offerings.
The acquisition aligns with Flowserve's 3D growth strategy to diversify, decarbonize, and digitize. It aims to strengthen the company's decarbonization offerings across the LNG value chain. Flowserve plans to leverage its new state-of-the-art LNG pump facility and network of quick response centers to commercialize this technology.
The transaction closed in Q3 2024 and is expected to reduce Flowserve's adjusted earnings per share by $0.05 in that quarter.
Flowserve (NYSE: FLS) ha acquisito la tecnologia delle pompe sommerse a gas naturale liquefatto (LNG) da NexGen Cryogenic Solutions, Inc. Questa acquisizione include proprietà intellettuale e ricerca e sviluppo in corso relativi alla tecnologia delle pompe LNG e delle turbine per il recupero dell'energia fredda (CERT) per i mercati della liquefazione, spedizione e rigassificazione. Questa mossa dovrebbe ampliare il portafoglio di prodotti LNG di Flowserve e integrare le sue offerte esistenti.
L'acquisizione si allinea con la strategia di crescita 3D di Flowserve per diversificare, decarbonizzare e digitalizzare. Mira a rafforzare le offerte di decarbonizzazione dell'azienda lungo la catena del valore LNG. Flowserve prevede di sfruttare il suo nuovo impianto di pompe LNG all'avanguardia e la rete di centri di risposta rapida per commercializzare questa tecnologia.
La transazione si è conclusa nel terzo trimestre del 2024 e si prevede che ridurrà gli utili aggiustati per azione di Flowserve di $0,05 in quel trimestre.
Flowserve (NYSE: FLS) ha adquirido la tecnología de bombas sumergibles de gas natural licuado (GNL) de NexGen Cryogenic Solutions, Inc. Esta adquisición incluye propiedad intelectual y I+D en proceso relacionados con la tecnología de bombas de GNL y turbinas de recuperación de energía fría (CERT) para los mercados de licuefacción, transporte y regasificación. Se espera que este movimiento amplíe el portafolio de productos de GNL de Flowserve y complemente sus ofertas existentes.
La adquisición se alinea con la estrategia de crecimiento 3D de Flowserve para diversificar, descarbonizar y digitalizar. Su objetivo es fortalecer las ofertas de descarbonización de la compañía a lo largo de la cadena de valor de GNL. Flowserve planea aprovechar su nueva instalación de bombas de GNL de última generación y su red de centros de respuesta rápida para comercializar esta tecnología.
La transacción se cerró en el tercer trimestre de 2024 y se espera que reduzca las ganancias ajustadas por acción de Flowserve en $0.05 en ese trimestre.
Flowserve (NYSE: FLS)는 NexGen Cryogenic Solutions, Inc.로부터 액화천연가스(LNG) 잠수 펌프 기술을 인수했습니다. 이번 인수에는 LNG 펌프 및 냉기 에너지 회수 터빈(CERT) 기술과 관련된 지적 재산 및 진행 중인 연구 개발이 포함됩니다. 이 조치는 Flowserve의 LNG 제품 포트폴리오를 확장하고 기존 제품을 보완할 것으로 예상됩니다.
이번 인수는 Flowserve의 3D 성장 전략과 일치하여 다양화, 탈탄소화, 디지털화를 목표로 합니다. 이는 LNG 가치 사슬 전반에 걸쳐 회사의 탈탄소화 솔루션을 강화하는 데 목적이 있습니다. Flowserve는 최신 LNG 펌프 시설과 신속 대응 센터 네트워크를 활용하여 이 기술을 상용화할 계획입니다.
거래는 2024년 3분기에 완료되었으며, 해당 분기에 Flowserve의 조정 주당 순이익을 $0.05 감소시킬 것으로 예상됩니다.
Flowserve (NYSE: FLS) a acquis la technologie des pompes submersibles pour le gaz naturel liquéfié (GNL) de NexGen Cryogenic Solutions, Inc. Cette acquisition comprend des droits de propriété intellectuelle et de recherche et développement en cours liés à la technologie des pompes à GNL et des turbines de récupération d'énergie froide (CERT) pour les marchés de liquéfaction, de transport et de regazéification. Ce mouvement devrait élargir le portefeuille de produits GNL de Flowserve et compléter ses offres existantes.
L'acquisition s'inscrit dans la stratégie de croissance 3D de Flowserve visant à diversifier, décarboner et numériser. Elle vise à renforcer les offres de décarbonisation de l'entreprise tout au long de la chaîne de valeur du GNL. Flowserve prévoit de tirer parti de sa nouvelle installation de pompes à GNL à la pointe de la technologie et de son réseau de centres de réponse rapide pour commercialiser cette technologie.
La transaction a été finalisée au troisième trimestre 2024 et devrait réduire le bénéfice par action ajusté de Flowserve de 0,05 $ au cours de ce trimestre.
Flowserve (NYSE: FLS) hat die Technologie für tauchende Pumpen für verflüssigtes Erdgas (LNG) von NexGen Cryogenic Solutions, Inc. übernommen. Diese Übernahme umfasst geistiges Eigentum und laufende F&E im Zusammenhang mit LNG-Pumpen und der Kälteenergie-Rückgewinnungsturbine (CERT) für die Märkte der Verflüssigung, des Transports und der Regasifizierung. Dieser Schritt soll Flowserves LNG-Produktportfolio erweitern und die bestehenden Angebote ergänzen.
Die Übernahme steht im Einklang mit Flowserves 3D-Wachstumsstrategie zur Diversifizierung, Dekarbonisierung und Digitalisierung. Ziel ist es, die Dekarbonisierungsangebote des Unternehmens in der LNG-Wertschöpfungskette zu stärken. Flowserve plant, seine neue hochmoderne LNG-Pumpenanlage und das Netzwerk von Schnellreaktionszentren zu nutzen, um diese Technologie kommerziell zu nutzen.
Die Transaktion wurde im dritten Quartal 2024 abgeschlossen und wird voraussichtlich die bereinigten Gewinne je Aktie von Flowserve in diesem Quartal um $0,05 senken.
- Acquisition expands Flowserve's LNG product portfolio
- Aligns with company's 3D growth strategy (diversify, decarbonize, digitize)
- Strengthens decarbonization offerings across the LNG value chain
- Leverages existing network of 150+ quick response centers for commercialization
- Expected to reduce adjusted earnings per share by $0.05 in Q3 2024
The acquisition of NexGen Cryo's LNG pumping technology is a strategic move for Flowserve. This aligns with their 3D growth strategy aimed at diversifying, decarbonizing and digitizing their portfolio. Such acquisitions are generally seen as positive because they expand the company's product offerings and capabilities, which can lead to increased market share and revenue.
The immediate impact on earnings, a reduction of $0.05 per share for the third quarter of 2024, is relatively minor and likely to be offset by long-term gains. The technology has the potential to improve operational efficiency and reduce costs for customers, making Flowserve's products more attractive in the competitive LNG market.
From an investment perspective, this acquisition could be seen as a forward-thinking move that positions Flowserve well for the future. However, investors should watch for how effectively Flowserve integrates this technology and its real-world performance impact.
The LNG market is growing as a transitional fuel in the global shift towards cleaner energy. Flowserve's acquisition of NexGen Cryo's advanced LNG pump and CERT technology positions the company advantageously within this expanding market. By enhancing the efficiency and reliability of LNG operations, Flowserve can capture greater market share and meet the rising demand for sustainable energy solutions.
This move also signals Flowserve's commitment to innovation and sustainability, which can enhance its brand value and appeal to environmentally-conscious stakeholders. The integration of this technology can create synergies within their existing product lines, potentially leading to new product developments and market opportunities.
For investors, this acquisition indicates a strategic alignment with market trends, suggesting potential for long-term growth and stability. Monitoring the market's response and subsequent performance metrics will be important to assessing the full impact of this acquisition.
This acquisition is significant from a technological standpoint. NexGen Cryo's LNG pumping and CERT technology offer advanced solutions that can improve the efficiency and environmental footprint of LNG operations. These technologies can recover cold energy during the LNG process, which can be a valuable asset in reducing energy consumption and operating costs.
The integration of such advanced technology into Flowserve's existing portfolio can lead to enhanced product offerings and more comprehensive solutions for the LNG industry. This positions Flowserve not just as a supplier, but as a leader in innovative, efficient and sustainable LNG technologies.
For investors, understanding the technical merits of this acquisition is crucial. If successfully integrated, this technology can provide a competitive edge, opening new revenue streams and improving overall profitability.
NexGen Cryo’s pump and cold energy recovery turbine (CERT) technology for the liquefaction, shipping and regasification markets is expected to meaningfully differentiate and expand Flowserve’s LNG product portfolio and complement its existing pumps, valves and mechanical seals offering.
“LNG provides a resilient pathway to energy transition. As we continue advancing our 3D growth strategy to diversify, decarbonize and digitize, this technology acquisition will strengthen our decarbonization offerings across the LNG value chain,” said Scott Rowe, Flowserve’s President and Chief Executive Officer. “We look forward to leveraging our new state-of-the-art LNG pump facility with our existing network of more than 150 quick response centers to commercialize this LNG product offering to our customers.”
Dennis Chalmers, President and Chief Executive Officer of NexGen Cryo commented, “With over 300 years of combined cryogenic pump team experience, we are excited in the potential for this next-generation technology to provide LNG customers across the globe improved efficiency, increased reliability and reduced operating expenditures. I am excited for the next phase of this technology.”
Transaction Details
The technology acquisition closed during the third quarter of 2024. The purchase price and associated expenses are expected to reduce adjusted earnings per share by
About Flowserve
Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s website at www.flowserve.com.
About NexGen Cryo
NexGen Cryogenic Solutions, Inc. specializes in the engineering, design and testing of LNG submerged pumps and turbines. More information about NexGen Cryo can be obtained by visiting the company’s website at www.nexgencryo.com.
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Source: Flowserve Corporation
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