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spiraxsarcoengineering.com

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Investments

2

About Spirax-Sarco Engineering

Spirax-Sarco Engineering (LSE: SPX) is a multi-national group comprising two niche businesses: Spirax-Sarco, a steam specialties business that provides a broad range of fluid control products, engineered packages, site services, and systems expertise for a diverse range of industrial and institutional customers; and Watson‑Marlow Fluid Technology Group, which provides niche peristaltic pumps and associated fluid path technologies.

Spirax-Sarco Engineering Headquarter Location

Charlton House

Cheltenham, England, GL53 8ER,

United Kingdom

+44 (0)1242 521361

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Latest Spirax-Sarco Engineering News

Watson-Marlow Fluid Technology Group responds to market growth with major investments in manufacturing capacity

Jun 22, 2021

More Headlines As reported in the Spirax-Sarco Engineering plc. annual report, WMFTG has enjoyed geographical expansion in 2020, establishing new sales companies in Hungary, Norway and Finland. A new sales company was also established in Czech Republic which began trading in January 2021. As a result of increased demand due to the COVID-19 pandemic, the company made significant investments to increase manufacturing capacity. At the company's main UK facility in Falmouth there was expansion of cleanrooms to add a third tube extrusion line, as well as trebling the offsite warehousing capacity. Its UK based Aflex and BioPure businesses have also benefited from investment in the new UK manufacturing facilities. The new £23 million, 16,200m2, manufacturing site for Aflex, in Yorkshire, delivered its first production output during the second quarter of 2020. This new facility consolidates Aflex's original five sites into one purpose-built site, with four of these having successfully transitioned to the new site in 2020 and the final site due to complete its move in September 2021. Future investment Looking to the future, the Group's Board approved a £24 million investment to construct a new 11,000m2 manufacturing facility in Portsmouth for BioPure; a supplier of fluid path technologies for the Pharmaceutical and Biotechnology sector, acquired in 2014. Five times the size of the current site, the new site will also have a six-fold increase in machines and a five-fold increase in cleanrooms. This significant investment will further support Watson-Marlow's strength and growth in the Pharmaceutical and Biotechnology sector. "Good for UK manufacturing" "2020 was a year like no other; however, we are absolutely delighted that our own business saw expansion, not contraction," says Martin Johnston Strategic Business Development Director , at Watson-Marlow Fluid Technology Group. "We've always been a business that believes in investment and innovation - and our plans to expand our capacity in three of our business brands is proof of our commitment. "Investment in three of our UK facilities is also very good news for British manufacturing and good news for our customers too. This will also catalyse local employment opportunities for the long-term and will support many new, highly skilled manufacturing and engineering jobs. We're future-proofing our business and preparing for the next stage in our exciting journey." Product innovation Aside from investments, 2020 was a very positive and successful year for product launches, with seven new products released throughout the year. In June, the company started a targeted launch of a revolutionary new pump head, using Conveying Wave Technology (CWT), the ReNu 30 CWTTM, which fits onto our existing range of Watson-Marlow Qdos pumps.

Spirax-Sarco Engineering Investments

2 Investments

Spirax-Sarco Engineering has made 2 investments. Their latest investment was in Econotherm as part of their Corporate Minority on January 1, 2013.

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Spirax-Sarco Engineering Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/30/2013

Corporate Minority

Econotherm

$1.58M

Yes

1

Other Investors

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$99M

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10

Date

1/30/2013

Round

Corporate Minority

Other Investors

Company

Econotherm

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Amount

$1.58M

$99M

New?

Yes

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Co-Investors

Sources

1

10

Spirax-Sarco Engineering Acquisitions

2 Acquisitions

Spirax-Sarco Engineering acquired 2 companies. Their latest acquisition was Chromalox on May 26, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/26/2017

Acq - Fin - II

$991

Acquired

1

11/30/2016

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$991

$99M

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10

Date

5/26/2017

11/30/2016

Investment Stage

Acq - Fin - II

Companies

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Valuation

$991

$991

Total Funding

$99M

Note

Acquired

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Sources

1

10

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