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Spirax-Sarco Engineering PLC (SPX.L)

SPX.L on London Stock Exchange

8,180.00GBp
9:06pm IST
Change (% chg)

15.00 (+0.18%)
Prev Close
8,165.00
Open
8,220.00
Day's High
8,230.00
Day's Low
8,140.00
Volume
290,416
Avg. Vol
147,515
52-wk High
8,400.00
52-wk Low
5,580.00

Latest Key Developments (Source: Significant Developments)

Spirax-Sarco In Negotiations To Buy Thermocoax For 139 Mln Stg
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Spirax-Sarco Engineering PLC ::EXCLUSIVE NEGOTIATIONS TO ACQUIRE THERMOCOAX.EXCLUSIVE NEGOTIATIONS TO ACQUIRE THERMOCOAX FOR EUR 158 MILLION (£139 MILLION).ANTICIPATE THAT THERMOCOAX WILL BECOME PART OF OUR CHROMALOX BUSINESS.PURCHASE WILL BE FINANCED FROM EXISTING CASH AND DEBT FACILITIES AND IS EXPECTED TO BE ACCRETIVE TO GROUP EARNINGS IN 2019.NEGOTIATIONS WITH VIEW TO BUY THERMOCOAX FROM CHEQUERS CAPITAL, TCR CAPITAL, MINORITY SHAREHOLDERS ON CASH, DEBT-FREE BASIS.  Full Article

Spirax-Sarco Engineering Disposes Hygromatik For Eur 59 Mln
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Spirax-Sarco Engineering PLC ::DISPOSAL.DISPOSAL OF HYGROMATIK FOR EUR 59.0 MILLION (£52.3 MILLION).  Full Article

Spirax-Sarco Engineering H1 Adjusted Pretax Profit Rose 22 pct
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Spirax-Sarco Engineering PLC ::H1 PRETAX PROFIT 106.8 MILLION STG VERSUS 88.5 MILLION STG YEAR AGO.H1 ADJUSTED PRETAX PROFIT ROSE 22 PERCENT TO 120.6 MILLION STG.INTERIM DIVIDEND 29 PENCEPER SHARE.SAYS HY REVENUE £547.6 MILLION VERSUS £428.6 MILLION LAST YEAR.FULL-YEAR EXPECTATIONS REMAIN UNCHANGED.SAYS HY ADJUSTED BASIC EARNINGS PER SHARE 119.2 PENCE.SPIRAX-SARCO ENGINEERING - EXPECT TO MAKE FURTHER PROGRESS IN NORTH AMERICA IN SECOND HALF, WITH US INDUSTRIAL PRODUCTION GROWTH LIKELY TO REMAIN STRONG.SPIRAX-SARCO - IN MEXICO, ANTICIPATE CONDITIONS TO BE DAMPENED BUT NOT DERAILED BY WEAKER PESO AND VOLATILITY CREATED BY NAFTA NEGOTIATIONS.  Full Article

Spirax-Sarco buys Chromalox for $415 mln
Friday, 26 May 2017 

May 26 (Reuters) - Spirax-sarco Engineering Plc ::Acquisition of Chromalox for US$415 million.Purchase consideration will be financed from new debt facilities supplied by existing banks.Acquisition will be accretive to group earnings in 2017.  Full Article

UPDATE 1-Valve maker Spirax-Sarco in talks to buy France's Thermocoax

Feb 18 Valve maker Spirax-Sarco Engineering Plc said it had started exclusive talks to buy Thermocoax Developpement, a French insulation products maker, for 158 million euros ($178.7 million) to grow in Europe and the United States.