Divestiture • Distribution

Spirax Acquires PT Petrolog - Steam Speciality Business

On August 30, 2013, Spirax acquired distribution company PT Petrolog - Steam Speciality Business from PT Petrolog Multi Usaha Mandiri for 2M GBP

Acquisition Context
  • This is Spirax’s 4th transaction in the Distribution sector.
  • This is Spirax’s 15th largest (disclosed) transaction.
  • This is Spirax’s 1st transaction in Indonesia.

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M&A Deal Summary

Date August 30, 2013
Target PT Petrolog - Steam Speciality Business
Sector Distribution
Buyer(s) Spirax
Sellers(s) PT Petrolog Multi Usaha Mandiri
Deal Type Divestiture
Deal Value 2M GBP

Target Company

PT Petrolog - Steam Speciality Business

Jakarta, Indonesia
PT Petrolog - Steam Speciality Business comprises a business unit which distributes steam systems. The unit is located in Jakarta, Indonesia.
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Buyer Overview 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 Context for Buyer #
Overall 10 of 19
Sector: Distribution 4 of 5
Type: Divestiture 2 of 5
Country: Indonesia 1 of 1
Year: 2013 2 of 2
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-22 Econotherm

Bridgend, United Kingdom

Econotherm, based in Bridgend UK, specialises in the design and manufacture of heat pipes and associated heat exchangers for industrial waste heat recovery and other industrial applications, utilising unique and patented technology. Heat pipes have significant heat transfer advantages that enable efficient recovery and re-use of valuable waste heat in applications where traditional heat exchangers are unsuitable.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Bio Pure Technology

Waterlooville, United Kingdom

Bio Pure, based in Portsmouth, specialises in the design and production of advanced single-use tubing connector systems for the biopharmaceutical industry.

Buy £9M

Seller Profile 1

SELLER

PT Petrolog Multi Usaha Mandiri

Jakarta, Indonesia

Category Company
Founded 1985
Sector Distribution
DESCRIPTION

PT Petrolog Multi Usaha Mandiri is an agent and distributor for a number of general industries' as well as oil and gas' equipment, Company are committed to maintaining a safe and healthy workplace, and to protecting the environment. Company also continually improve customer satisfaction in order to achieve world-class service.


Deal Context for Seller #
Overall 1 of 1
Sector: Distribution 1 of 1
Type: Divestiture 1 of 1
Country: Indonesia 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1

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