Spirax-Sarco, a UK-based manufacturer of boiler and pipeline control valves for steam heating and process plants, has bought 30% of Econotherm for £1m ($1.5m).

It also has the option to acquire the remaining equity in the period between 1 January 2016 and 31 March 2019.

The transaction is expected to make a small positive contribution to group earnings from 2014, increasing each year thereafter.

Econotherm specialises in the design and manufacture of heat pipes and associated heat exchangers for industrial…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?