Spirax-Sarco Engineering plc, which specializes 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 Thermocoax, details of which were announced on May 13th 2019.
Nicholas Anderson, Group Chief Executive of Spirax Sarco, said:
« We have developed an exciting strategy for Thermocoax, which will sit within the electrical process heating business of our Group, which was created in 2017 with the acquisition of Chromalox in the United States. Our goal is to elevate the position of both brands in their markets by combining the potential of Thermocoax with that of Chromalox, while strengthening the Thermocoax brand worldwide. »
About Spirax Sarco
Spirax‐Sarco Engineering plc is a thermal energy management and niche pumping specialist. It comprises three world‐leading businesses: Steam Specialties, for the control and management of steam; Chromalox, for electrical thermal energy solutions; and Watson-Marlow, for peristaltic pumping and associated fluid path technologies. The Steam Specialties business and Chromalox provide a broad range of fluid control and electrical process heating products, engineered packages, site services and systems expertise for a diverse range of industrial and institutional customers. Both businesses help their end users to improve production efficiency, meet their environmental sustainability targets, 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, UK, has strategically located manufacturing plants around the world and employs over 7,800 people, of whom over 1,600 are direct sales and service engineers. Its shares have been listed on the London Stock Exchange since 1959 (symbol: SPX) and it is a constituent of the FTSE 100 index.
Further information can be found at www.spiraxsarcoengineering.com