UK’s valve maker Spirax-Sarco in talks to acquire Vulcanic Group

Industry:    2022-07-05

Valve maker Spirax-Sarco Engineering said it had entered exclusive negotiations with French private-equity firm Qualium to acquire Vulcanic Group of Companies for 261.7 million euros ($272.87 million) on a cash-and-debt-free basis.

The British company expects the acquisition of Vulcanic, a European industrial electric heating group, to be accretive to earnings in 2022.

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