Spirax-Sarco Engineering PLC Completion of Acquisition (9720D)

TIDMSPX

RNS Number : 9720D

Spirax-Sarco Engineering PLC

03 May 2017

3(rd) May 2017

Completion of the acquisition of Gestra

Spirax-Sarco Engineering plc (Spirax Sarco), which specialises in the control and efficient use of steam, and in peristaltic pumping and associated fluid path technologies, is pleased to announce the completion of the acquisition of Gestra AG and associated businesses (Gestra), details of which were announced on 3(rd) April 2017.

Nicholas Anderson, Group Chief Executive of Spirax Sarco, said:

"We are delighted to complete the acquisition of Gestra and look forward to welcoming our new colleagues into the Spirax Sarco family. Our Steam Specialties businesses are highly complementary; Gestra will enhance the market and product offering of Spirax Sarco and will benefit from our global footprint and broader product range."

Enquiries:

Nicholas Anderson, Chief Executive

Kevin Boyd, Group Finance Director

Tel: [phone]

About Spirax Sarco

Spirax-Sarco Engineering plc comprises two niche businesses, Spirax Sarco for steam specialties and Watson-Marlow Fluid Technology Group for peristaltic pumps and associated fluid path technologies. The Steam Specialties business provides a broad range of fluid control products, engineered packages, site services and systems expertise for a diverse range of industrial and institutional customers. The Company helps its end users to improve production efficiency, reduce energy costs, water usage and emissions, improve product quality and enhance the safety of their operations. Watson-Marlow Fluid Technology Group offers the ideal solution for a wide variety of demanding fluid path applications with highly accurate, controllable and virtually maintenance free pumps and associated technologies. The Group is headquartered in Cheltenham, England, has strategically located manufacturing plants around the world and employs over 5,300 people, of whom nearly 1,400 are direct sales and service engineers. Its shares have been listed on the London Stock Exchange since 1959 (symbol: SPX).

Further information can be found at www.spiraxsarcoengineering.com

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May 03, 2017 02:00 ET (06:00 GMT)