FLOWSERVE CORPORATION (NYSE: FLS) SIHI Group Acquisition November 14, 2014
SIHI Group BV: Strong Strategic and Financial Fit Complementary product offering adding high quality vacuum pumps Substantial industry exposure to the desirable chemical market Strengthens Flowserves Industrial Product Division,…
SIHI Overview Global pumping solution provider with innovative and customized solutions for demanding applications in the process industry Headquarters: Itzehoe, Germany Key products: Vacuum pumps, fluid pumps, ISO, ring section,…
Leading Provider of Engineered Vacuum and Fluid Pumps and Related Systems A Market Leading Player Engineering and Project Expertise In 2012, SIHI won all vacuum system orders related to the SADARA 2 globally in process vacuum and a…
Complementary Products and Applications Description End Markets Liquid ring vacuum pumps and compressors Chemical Vacuum Pumps Engineered vacuum pump, compressor and Pharmaceutical membrane systems Industrial Mechatronically…
Solid Global Footprint Asia (2) Sales and Service Offices (SIHI) 6 Flowserve North America Sales and Service Offices (agent) 16 Manufacturing facilities 20 Total Employees (1) 175 Europe Flowserve Europe/Middle East/Africa Quick…
Sales Acceleration & Leveraging Platform Drive Value Revenue Leverage high quality vacuum pumps and niche fluid pumps across Flowserves global sales presence SIHIs solid installed base of pumps provides opportunities for…
Key Financial Highlights: Significant Opportunity for Value Enhancement Purchase price of 298 million for SIHI equity Implied 2014(e) EBITDA multiple of 10x before synergies and 1.1x 2014(e) sales Incorporating full benefit of…
Timeline to Expected Close Event Date Announcement November 14, 2014 Regulatory Approvals Now through Q4 2014 Works Council Consultation Now through Closing Expected Close Early first quarter 2015 Integration Continuous through…
Summary: SIHI Exemplifies M&A Strategy Achieving Key Rationale for Acquisition of SIHI Strategic Objectives Invest in markets/units that Significant progress in IPD operating platform excellence Demonstrated success in integrating…