Spirax-Sarco has completed the acquisition of Thermocoax Developpement and all of its group companies following regulatory approval in France, Germany and the U.S. Details of the acquisition were announced on February 18, 2019 and an update on the signing of a definitive binding agreement was provided on March 15, 2019.
Nicholas Anderson, Group Chief Executive of Spirax Sarco, said: "We are delighted to complete the acquisition of Thermocoax and welcome our new colleagues to the Spirax Sarco family. Thermocoax will enhance and add significantly to our electrical process heating business in delivering thermal energy solutions to customers. We look forward to leveraging the Spirax Sarco business model and our global footprint to further internationalise Thermocoax and to enhance and grow an already strong business."