(WO) — Flowserve has completed its $490 million all-cash acquisition of Trillium Flow Technologies' Valves Division (TVD), expanding its portfolio of engineered flow-control products and services for global energy and industrial markets.

The acquisition adds Trillium's portfolio of mission-critical valves, actuators and flow-control equipment, strengthening Flowserve's capabilities across conventional and emerging energy applications, as well as industrial infrastructure. The transaction excludes Trillium's French valve operations.

Flowserve said the acquisition broadens its product offering while expanding its service and aftermarket capabilities. TVD's installed base and specialized valve technologies are expected to complement Flowserve's existing portfolio and strengthen its position in key end markets.

"We are pleased to welcome the TVD team to Flowserve," said Scott Rowe, Flowserve president and chief executive officer. "We have positioned Flowserve to identify and win in growth sectors that drive sustainable and profitable long-term growth. TVD strengthens our position in accelerating energy and industrial markets and enables us to build on the deep customer relationships we have already developed."

Flowserve plans to integrate the business using its Flowserve Business System and apply its operational improvement program to enhance efficiency and margin performance.

The acquired business generates approximately $200 million in annualized revenue and is expected to deliver adjusted EBITDA margins in the high teens following integration, according to the company.

Flowserve said the acquisition advances its long-term growth strategy through disciplined capital deployment while expanding its portfolio of engineered flow-control technologies serving customers across energy, industrial and critical infrastructure markets.