In a significant move within the industrial sector, Chart Industries and Flowserve Corporation have agreed to merge in a deal valued at approximately $19 billion. This merger of equals aims to create a differentiated leader in industrial process technologies, focusing on gas and liquid technologies. Analysts project substantial synergies from the merger, estimating potential savings of around $300 million. The merger follows a positive outlook revision at S&P for Flowserve amid the transaction, and both companies are expected to benefit from enhanced capabilities in LNG and nuclear markets. The merger will be guided by prominent law firms, including Cravath and Winston & Strawn.