Chart Industries & Flowserve merger creates a $19B leader with $300M synergies, strong growth, and value-packed investment opportunities. See more on GTLS here.

U.S.-based equipment manufacturer Chart Industries and flow control systems maker Flowserve Corp agreed to merge in an all-stock deal, valuing the combined company at about $19 billion.

Chart Industries and Flowserve agreed to combine in an all-stock merger valued at ~$19B including debt, creating a differentiated leader in industrial process technologies.

Chart shareholders will receive 3.165 shares of Flowserve for each share owned, giving Chart’s investors ownership of about 53.5% of the new company, according to a statement Wednesday.

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