TagSpirax-Sarco

Spirax-Sarco signs £222m deal for French group Vulcanic

By Marta Lopez
In Business
2 Min Read
S

UK valve and pump manufacturer Spirax-Sarco Engineering has signed a binding agreement to acquire a electrical heating group of companies for €261.7m (£222.5m). The FTSE-100 firm, which is headquartered in Cheltenham, is buying the Vulcanic Group of Companies (Vulcanic) from Qualium, a French private equity company, it announced on Monday (July 25). Spirax-Sarco has agreed the deal on a cash and...

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Spirax-Sarco reports ‘strong’ first half amid supply chain disruption and inflationary pressures

By Marta Lopez
In Business
2 Min Read
S

Engineering firm Spirax-Sarco has reported “strong” financial results for the first half of 2022 against a backdrop of supply chain disruption and rising inflation. The FTSE 100 firm, which is headquartered in Cheltenham, saw revenues rise 17% to £750.1m for the six months ending June 30, while adjusted operating profit rose 10% to £178.8m. The company’s adjusted operating profit margin was down...

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