Circor India acquires

Circor Flow Technologies India Private Ltd (Circor India), has acquired the valves division of Ahmedabad-based Mazda Ltd, a manufacturer of severe service control valves and vacuum systems in an all-cash transaction. The acquired operation, terms of deal of which were not disclosed, will be integrated into Circor India’s flow technologies segment. Circor India, a wholly owned subsidiary of Circor International Inc., anticipates that the acquisition will be accretive to earnings on a GAAP basis in the first 12 months of combined operations. Almost a year prior to the acquisition, Mazda’s valves division generated revenues of approximately USD 3.2 million.

Previous articleSIPOS solutions expands
Next articleBP may sell fields for compensation