- Spirax-Sarco Engineering said it had signed a binding definitive agreement to acquire Thermocoax Developpement from Chequers Capital and TCR Capital for €158m.

The signing of the agreement followed the conclusion of exclusive negotiations announced on 18 February.

The transaction is subject to regulatory approvals in France, Germany and the US, expected by the second quarter of the year.

At 1:04pm: [LON:SPX] SpiraxSarco Engineering PLC share price was -2.5p at 7122.5p

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