Flowserve Corp. has completed its previously announced acquisition of Trillium Flow Technologies’ Valves Division for $490 million in cash, plus working capital adjustments.

The Dallas-based fluid motion and control products maker said June 30 that the deal strengthens its position as a flow control provider to global nuclear and power generation markets. The acquisition excludes Trillium Valves’ French operations.

Trillium Flow Technologies’ Valves Division provides highly engineered, mission-critical valves and other flow control equipment used in nuclear and traditional power generation, industrial and critical infrastructure applications. Flowserve said the acquired business has a nearly 200-year legacy and a portfolio of brands that serves customers across global end markets.

The deal was originally announced Feb. 5, when Flowserve said the acquisition would expand its reach in conventional and emerging end markets through Trillium’s specialized valve and actuation product portfolio, power and nuclear technology and scalable service offerings.

Flowserve previously said Trillium’s Valves Division has an installed base of more than 200,000 units, including assets in 115 operating nuclear reactors. Flowserve said that installed base generates recurring demand for aftermarket services, replacement products and spare parts.

“We have positioned Flowserve to identify and win in growth sectors, such as nuclear, that drive sustainable and profitable long-term growth,” Flowserve President and CEO Scott Rowe said in the company’s June 30 announcement. “TVD strengthens our position in the accelerating power and nuclear markets and enables us to build on the deep customer relationships we have already developed in this space.”

Flowserve said it will integrate the acquired business using the Flowserve Business System and apply its 80/20 operating principles, which the company said are expected to improve operational performance, expand margins and better serve customers through an expanded portfolio of products, services and aftermarket capabilities.

The acquired business is expected to have annualized revenue of about $200 million and adjusted EBITDA margins in the high teens after applying 80/20 principles, Flowserve said.

Flowserve produces engineered and industrial pumps, seals and valves, as well as related flow management services, and operates in more than 50 countries.