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Alliance News


Spirax-Sarco Engineering To Acquire Thermocoax For EUR158 Million

Fri, 15th Mar 2019 12:03


LONDON (Alliance News) - Spirax-Sarco Engineering PLC on Friday said it has signed a binding agreement to acquire Thermocoax Developpement for EUR158 million.

Spirax-Sarco acquired the company from, among others, Chequers Capital and TCR Capital.

As previously stated, the transaction will require regulatory approvals in France, Germany and the US. These regulatory approvals and completion are expected during the second quarter of the year.

Spirax-Sarco shares were trading up 0.3% at 7,145.00 pence each.

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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