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  2. Share Prices
  3. Spirax-Sarco Share Price
  4. Spirax-Sarco Share News
  5. Spirax-Sarco to acquire US-based Durex International

Pin to quick picksSpirax-Sarco Share News (SPX)

Spirax-Sarco Information

Share Price Information for Spirax-Sarco (SPX)

London Stock Exchange
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Share Price: 9,655.00
Bid: 9,595.00
Ask: 9,600.00
Change: 395.00 (4.27%)
Spread: 5.00 (0.052%)
Open: 9,535.00
High: 9,850.00
Low: 9,185.00
Prev. Close: 9,260.00
SPX Live PriceLast checked at -

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Spirax-Sarco to acquire US-based Durex International

Wed, 28th Sep 2022 07:10

(Sharecast News) - Manufacturing firm Spirax-Sarco Engineering has agreed to acquire US custom electric thermal solutions specialist Durex International in a deal valued at $342.2m.

Spirax-Sarco said on Wednesday that it will acquire the group on a cash and debt free basis, with the transaction to be financed through acquisition bank facilities.

The FTSE 250-listed group added that the addition of Durex will be accretive to earnings in 2023, thanks to the business' "strong track record" of top-line growth and profitability.

Upon completion of the acquisition, expected to take place in October 2022, Durex will form part of the group's electric thermal solutions business - which comprises Chromalox, Thermocoax, and shortly Vulcanic.

Chief executive Nicholas Anderson said: "We are excited about this opportunity to further strengthen our ETS business and look forward to welcoming colleagues from Durex into our group."

Reporting by Iain Gilbert at Sharecast.com

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Today 15:00

London close: Stocks green as US inflation comes in cooler

(Sharecast News) - London markets ended on a positive note on Wednesday, with strong showings from the likes of Experian and Imperial Brands, as investors digested slower-than-expected consumer inflation figures out of the United States.

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Today 11:06

IN BRIEF: Weir appoints former Spirax-Sarco CEO Anderson to board

Weir Group PLC - Glasgow-based engineering company - Says Nick Anderson has been appointed to the company's board as an independent non-executive director with effect from May 15. Anderson served as chief executive officer of the Cheltenham, England-based thermal energy management company Spirax-Sarco Engineering PLC until January 2024, a position he had held since 2014.

Read more
Today 10:07

Spirax-Sarco trading as expected, maintains annual growth guidance

(Alliance News) - Spirax-Sarco Engineering PLC on Wednesday said trading was in line with expectations in the first four months of 2024, while it maintains its annual guidance.

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Today 07:09

Spirax Group keeps sales guidance, but FX to weigh on profits

(Sharecast News) - Engineering firm Spirax Group has maintained its guidance for organic sales growth this year despite ongoing weakness in the wider market, though foreign exchange headwinds will impact profits more than previously thought.

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8 May 2024 15:55

UK shareholder meetings calendar - next 7 days

Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
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CAB Payments Holdings PLCAGM
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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8 May 2024 15:52

UK earnings, trading statements calendar - next 7 days

Thursday 9 May 
Balfour Beatty PLCTrading Statement
Derwent London PLCTrading Statement
Flutter Entertainment PLC Trading Statement
Harbour Energy PLCTrading Statement
IMI PLCTrading Statement
ITV PLCTrading Statement
John Wood Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Spire Healthcare Group PLCTrading Statement
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Monday 13 May 
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
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Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
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Wednesday 15 May 
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Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
18 Apr 2024 14:12

UK dividends calendar - next 7 days

Friday 19 April 
Chelverton UK Dividend Trust PLCdividend payment date
Empiric Student Property PLCdividend payment date
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Tuesday 23 April 
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Invesco Asia Trust PLCdividend payment date
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Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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LONDON BROKER RATINGS: UBS raises Halma; cuts Spirax-Sarco and Weir

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London close: Stocks mixed as US payrolls paint varied picture

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8 Mar 2024 10:57

Stifel downgrades Spirax-Sarco to 'sell'

(Sharecast News) - Stifel downgraded Spirax-Sarco on Friday to 'sell' from 'hold' after the company's results.

Read more
8 Mar 2024 10:13

Berenberg raises target price on Spirax-Sarco

(Sharecast News) - Analysts at Berenberg raised their target price on manufacturer Spirax-Sarco Engineering from 8,800.0p to 9,800.0p on Friday after the group's full-year results came in line with expectations.

Read more
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