# Spirax-Sarco completes acquisition of French electric heating group Vulcanic

Spirax-Sarco Engineering completed its acquisition of Vulcanic from Qualium for €261.7 million on a cash and debt-free basis, adding it to its Electric Thermal Solutions business.

- Type: Acquisition
- Announced: 2022-10-03
- Where: France
- Value: $255.0M (261.7M EUR)
- Status: completed
- Products: electric heating systems, electric thermal solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.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-completes-acquisition-french-25144548), 2022-10-03: "The FTSE-100 firm has bought Vulcanic from Qualium, a French private equity business, for €261.7m on a cash and debt-free basis."

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