# 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.

- Type: Acquisition
- Announced: 2022-07-06
- Where: Paris, France
- Value: $272.0M (261.7M EUR)
- Status: announced
- Products: industrial electric heating solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Spirax-Sarco Engineering](https://endata.com/companies/489.md) (acquirer)
- [Vulcanic Group](https://endata.com/companies/9434.md) (target)
- [Qualium](https://endata.com/companies/9435.md) (partner)

## Sources

- [business-live.co.uk](https://www.business-live.co.uk/manufacturing/spirax-sarco-exclusive-negotiations-buy-24410740), 2022-07-06: "The FTSE 100 firm said Vulcanic would support the delivery of growth in the group's electric thermal solutions (ETS) business"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.