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The private equity deal was first announced in January 2020.
The MOU sets out the framework, timetable and scope of collaboration.
Will provide maintenance and repair services for all types of pumps.
The Flacks Group, a US private investment group, has bought Pleuger Industries from Flowserve Corp.
José Larios, CEO of Celeros Flow Technology talks about the new business which launched as Covid-19 struck.
Following extensive testing, the pumps will be powered by hydrotreated vegetable oil (HVO) which will significantly cut emissions.
Forum for rotating equipment engineers and technicians in turbomachinery, pump, oil & gas, petrochemical, power, aerospace, chemical and water industries.