Deal Snapshot
Spirax-Sarco Engineering to Acquire US Thermal Energy Specialist
Thursday 29 September 2022

UK-based thermal energy management and niche pumping specialist Spirax-Sarco Engineering plc (LSE: SPX) has entered into a definitive agreement to acquire US based custom electric thermal solutions specialist Durex International Corp, the company said.

Durex solutions are used for ultra-high criticality industrial equipment. The consideration is USD 342.2m on a cash and debt free basis, subject to customary closing adjustments.

Date Published: 29/09/2022