M&A Deal Summary

Spirax Acquires Hiter Indústria e Comércio de Controles Termo-Hidráulicos

On August 9, 2016, Spirax acquired manufacturer Hiter Indústria e Comércio de Controles Termo-Hidráulicos from Pentair for 4M GBP

Acquisition Highlights
  • This is Spirax’s 2nd transaction in the Manufacturing sector.
  • This is Spirax’s 9th largest (disclosed) transaction.
  • This is Spirax’s 1st transaction in Brazil.

M&A Deal Summary

Date 2016-08-09
Target Hiter Indústria e Comércio de Controles Termo-Hidráulicos
Sector Manufacturing
Buyer(s) Spirax
Sellers(s) Pentair
Deal Type Divestiture
Deal Value 4M GBP

Target

Hiter Indústria e Comércio de Controles Termo-Hidráulicos

Sao Paulo, Brazil
Hiter Indústria e Comércio de Controles Termo-Hidráulicos Ltda is a manufacturer and marketer of fluid power valves. Hiter is highly synergistic with Spirax Sarco's successful Brazilian steam and process fluid applications business. The Hiter brand has a well established reputation in Brazil with a large installed base.

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Buyer(S) 1

Buyer

Spirax

Cheltenham, United Kingdom

Category Company
Founded 1888
Sector Machinery
Employees9,960
Revenue 1.7B GBP (2024)
DESCRIPTION

Spirax is a multi-national industrial engineering group that comprises two leading businesses: Spirax for steam specialties and Watson-Marlow for niche peristaltic pumps and associated fluid path technologies.????????????????????????????????????????????????????????????????????????????????????????? From the food and beverage industry to precious metal processing, Company helps customers to implement environmentally friendly solutions for energy and water savings, process efficiency, product quality, and improvements in plant health, safety, and regulatory compliance. Spirax was founded in 1888 and is based in Cheltenham, England.


DEAL STATS #
Overall 15 of 19
Sector: Manufacturing M&A 2 of 2
Type: Divestiture M&A Deals 4 of 5
Country: Brazil M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 Flow Smart

Seaford, Delaware, United States

Flow Smart, Inc. specialises in the design and manufacture of high purity sanitary gaskets, silicone transfer tubing and reinforced silicone hoses for the bioprocessing and pharmaceutical industries. Flow Smart is a natural extension and supplement to the WMFTG fluid path product portfolio and further strengthens WMFTG's extensive global presence in the biotechnology and pharmaceutical industries, which includes Watson-Marlow Pumps, Watson-Marlow Tubing, Flexicon Filling Systems, BioPure single-use tubing connector systems, Aspeco aseptic valves and Alitea OEM Pumps.

Buy £6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Gestra AG

Bremen, Germany

Gestra AG specialises in the design and production of valves and control systems for steam and fluid process control. Gestra, which has its headquarters in Bremen, Germany, is a technology leader in advanced industrial boiler control systems.

Buy €186M

Seller(S) 1

SELLER

Pentair

London, United Kingdom

Category Company
Founded 1966
Sector Diversified
Employees9,750
Revenue 4.1B USD (2024)
DESCRIPTION
Pentair facility in Roseville, Minnesota.
Pentair facility in Roseville, Minnesota.

Pentair is a global diversified industrial products company. Pentair's Water and Fluid Solutions segment is a provider of water and fluid processing products and solutions used in a wide range of applications. Pentair's Technical Products segment is a provider of products that enclose and protect some of the world's most sensitive electronics and electrical equipment, ensuring their safe, secure, and reliable performance. Pentair was founded in 1966 and is based in London, United Kingdom.


DEAL STATS #
Overall 3 of 5
Sector: Manufacturing M&A 2 of 2
Type: Divestiture M&A Deals 3 of 4
Country: Brazil M&A 1 of 1
Year: 2016 M&A 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-18 ERICO International

Solon, Ohio, United States

ERICO International Corp. is a global manufacturer and marketer of superior engineered electrical and fastening products for niche electrical, mechanical and concrete applications.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 Pentair - Valves & Controls Business

Swaziland

Pentair Ltd. - Valves & Controls Business is a provider of control, isolation, pressure relief valves and actuation solutions and it has a large global installed base in chemical, petrochemical, oil and gas, power, mining and other process industries.

Sell $3.2B