Spirax-Sarco Engineering PLC Completion of Acquisition (9720D)
May 03 2017 - 1:00AM
UK Regulatory
TIDMSPX
RNS Number : 9720D
Spirax-Sarco Engineering PLC
03 May 2017
3(rd) May 2017
Completion of the acquisition of Gestra
Spirax-Sarco Engineering plc (Spirax Sarco), which specialises
in the control and efficient use of steam, and in peristaltic
pumping and associated fluid path technologies, is pleased to
announce the completion of the acquisition of Gestra AG and
associated businesses (Gestra), details of which were announced on
3(rd) April 2017.
Nicholas Anderson, Group Chief Executive of Spirax Sarco,
said:
"We are delighted to complete the acquisition of Gestra and look
forward to welcoming our new colleagues into the Spirax Sarco
family. Our Steam Specialties businesses are highly complementary;
Gestra will enhance the market and product offering of Spirax Sarco
and will benefit from our global footprint and broader product
range."
Enquiries:
Nicholas Anderson, Chief Executive
Kevin Boyd, Group Finance Director
Tel: 01242 535234
About Spirax Sarco
Spirax-Sarco Engineering plc comprises two niche businesses,
Spirax Sarco for steam specialties and Watson-Marlow Fluid
Technology Group for peristaltic pumps and associated fluid path
technologies. The Steam Specialties business provides a broad range
of fluid control products, engineered packages, site services and
systems expertise for a diverse range of industrial and
institutional customers. The Company helps its end users to improve
production efficiency, reduce energy costs, water usage and
emissions, improve product quality and enhance the safety of their
operations. Watson-Marlow Fluid Technology Group offers the ideal
solution for a wide variety of demanding fluid path applications
with highly accurate, controllable and virtually maintenance free
pumps and associated technologies. The Group is headquartered in
Cheltenham, England, has strategically located manufacturing plants
around the world and employs over 5,300 people, of whom nearly
1,400 are direct sales and service engineers. Its shares have been
listed on the London Stock Exchange since 1959 (symbol: SPX).
Further information can be found at
www.spiraxsarcoengineering.com
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