Spirax-Sarco completes acquisition of Gestra

Steam, peristaltic pumping and associated fluid path technology engineer Spirax-Sarco Engineering announced on Wednesday that the acquisition of Gestra and its associated businesses had been completed.

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The FTSE 250 company first announced the details of the €186m acquisition on 3 April.

“We are delighted to complete the acquisition of Gestra and look forward to welcoming our new colleagues into the Spirax-Sarco family,” said group chief executive Nicholas Anderson.

“Our steam specialties businesses are highly complementary; Gestra will enhance the market and product offering of Spirax-Sarco and will benefit from our global footprint and broader product range.”