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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.
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.
