Flowserve

Company

Flowserve is a leading supplier of pumps, valves, seals, automation solutions, and services to key industries, including energy, oil and gas, and chemical. The company, whose representative offices in 2016 were located in more than 55 countries of the world, produces specialized industrial pumps, seals, valves and provides a range of services in this area.

2023: France disrupts company's takeover of Canadian firm Velan

In October 2023, France blocked the purchase by the American company Flowserve Corp. of the French divisions of the Canadian Velan Inc., effectively disrupting the deal between American and Canadian companies in the name of its own strategic autonomy.

The move underscores French President Emmanuel Macron's determination to shield key industries from foreign takeover, including by American companies, especially when it comes to nuclear production. Segault and Velan are considered critical to France's civilian and military nuclear industries.

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