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Framatome and Naval Group finalised the acquisition of Jeumont Electric, a French maker and maintenance provider of electric motors and equipment for nuclear and naval defence, from Altawest. The announcement was made on January 9, 2024.
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.
Sferaco, a subsidiary of Thermador Groupe, has opened negotiations to buy 100% of Groupe Valfit, a Bussy Saint-Georges company that sells connectors, meters and valves to wholesalers, with a deal targeted by end of January 2018. Valfit reported 2016 turnover of EUR 5.9 million. No price was disclosed.