Spirax Sarco in exclusive talks to buy French heating group Vulcanic for €261.7M

Spirax-Sarco Engineering entered exclusive negotiations with Qualium to acquire the Vulcanic Group, a Paris-based industrial electric heating maker, for €261.7 million on a cash and debt-free basis. The deal is expected to complete after regulatory approvals in the third quarter.

“The FTSE 100 firm said Vulcanic would support the delivery of growth in the group's electric thermal solutions (ETS) business”business-live.co.uk

• 1 source
• business-live.co.ukSpirax Sarco in 'exclusive negotiations' to buy French group Vulcanic | Business LiveJul 6, 2022

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