Spirax-Sarco Engineering To Acquire Thermocoax For EUR158 Million

LONDON (Alliance News) - Spirax-Sarco Engineering PLC on Friday said it has signed a binding ...

Alliance News 15 March, 2019 | 12:03PM
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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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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Spirax-Sarco Engineering PLC 7,150.00 GBX 0.92 -
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