Spirax-Sarco Engineering PLC Acquisition (7131J)
April 09 2015 - 3:34AM
UK Regulatory
TIDMSPX
RNS Number : 7131J
Spirax-Sarco Engineering PLC
09 April 2015
9th April 2015
Spirax-Sarco acquires ASEPCO Corporation
Spirax-Sarco Engineering plc, the world leader in the control
and efficient use of steam, and in peristaltic pumping and
associated fluid path technologies, announces that it has acquired
the entire issued share capital of ASEPCO(R) Corporation (Asepco)
for GBP7.0 million. Asepco will operate as part of our
Watson-Marlow Fluid Technology Group (WMFTG).
Asepco, based in Mountain View, California USA, specialises in
the design and manufacture of high purity aseptic valves and
magnetic mixers for the biopharmaceutical industry. We are pleased
that Steve Joy will continue in his role as President.
Asepco is a natural extension of the WMFTG fluid path product
portfolio and further strengthens WMFTG's already strong global
presence in the biotechnology and pharmaceutical industries. Asepco
utilises patented, market-leading technology to improve sterility
within the biotechnology production process, thereby reducing
validation risk in demanding contamination-free applications;
resulting in improved process sterility confidence for our
customers.
The purchase consideration excludes any cash or debt balances
and will be financed from the Group's existing cash resources. The
acquisition is expected to provide a small benefit to Group
earnings per share from 2015.
Enquiries:
Nick Anderson, Chief Executive
David Meredith, Director Finance
Tel: 01242 535234
About Spirax Sarco
Spirax-Sarco Engineering plc is the world leader in each of its
two businesses, Spirax Sarco for steam specialties and
Watson-Marlow Fluid Technology Group for niche peristaltic pumps
and associated fluid path technologies. The steam specialties
business provides a broad range of fluid control products,
engineered packages, site services and systems expertise for a
diverse range of industrial and institutional customers. The
company helps its customers to improve production efficiency,
reduce energy costs, water usage and emissions, improve product
quality and enhance the safety of their operations. Watson-Marlow
Fluid Technology Group offers the ideal solution for a wide variety
of demanding fluid path applications with highly accurate,
controllable and virtually maintenance free pumps and associated
technologies. The Group is headquartered in Cheltenham, England,
has strategically located manufacturing plants around the world and
employs approximately 4,800 people, of whom around 1,300 are direct
sales and service engineers. Its shares have been listed on the
London Stock Exchange since 1959 (symbol: SPX).
Further information can be found at
www.spiraxsarcoengineering.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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