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Last updateThu, 19 Sep 2019 4pm

Valve Manufacturing

Spirax-Sarco to Acquire Thermocoax

Spirax-Sarco Engineering said it had signed a binding definitive agreement to acquire Thermocoax Developpement from Chequers Capital and TCR Capital for approximately $179 million.

The signing of the agreement followed the conclusion of exclusive negotiations announced on February 18.

The transaction is subject to regulatory approvals in France, Germany and the U.S., expected by the second quarter of the year.  

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