M&A Deal Summary

Spirax Acquires Vulcanic

On July 4, 2022, Spirax acquired electrical equipment company Vulcanic from Qualium Investissement for 262M EUR

Acquisition Highlights
  • This is Spirax’s 2nd transaction in the Electrical Equipment sector.
  • This is Spirax’s largest (disclosed) transaction.
  • This is Spirax’s 2nd transaction in France.

M&A Deal Summary

Date 2022-07-04
Target Vulcanic
Sector Electrical Equipment
Buyer(s) Spirax
Sellers(s) Qualium Investissement
Deal Type Add-on Acquisition
Deal Value 262M EUR

Target

Vulcanic

Neuilly sur Marne, France
Vulcanic is a designer and manufacturer of low and medium-volume series of electrical heating and cooling solutions for the industry (heating elements, industrial radiators, thermo regulators, etc. Vulcanic was founded in 1956 and is based in Neuilly Sur Marne, France.

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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 19 of 19
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 13 of 13
Country: France M&A 2 of 2
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Thermocoax

Suresnes, France

Thermocoax is a manufacturer of customised thermal solutions and temperature measurement systems based on mineral insulated cable technology. Thermocoax was founded in 1957 and is based in Suresnes, France.

Buy -

Seller(S) 1

SELLER

Qualium Investissement

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Qualium Investissement is a large private equity firm focused on acquiring and investing in French companies. The Firm does not have any sector preferences and prefers buyouts of family-owned or closely held companies that are seeking a change of ownership. Qualium's looks to invest €20 to €75 million in transactions valued up to €250 million. Qualium Investissement is based in Paris.


DEAL STATS #
Overall 36 of 38
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 8
Country: France M&A 34 of 36
Year: 2022 M&A 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 Recocash

Rambouillet, France

Recocash provides clients with an unrivaled approach to debt servicing, addressing both B2B and B2C debt claims. The Company offers tailor-made solutions adapted to each customer environment, resulting in a high level of efficiency and customer satisfaction. It offers a full range of debt collection services from software to services for a diversified client base through subsidiary Altisys. Recocash was formed in 1971 and is based in Rambouillet, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Verdot

Riom, France

Verdot is a downstream bioprocessing technology company. Verdot focuses on downstream purification solutions for the biopharmaceutical and food processing sectors including chromatography columns, chromatography skids and tangential flow filtration systems. Verdot was founded in 1950 and is based in Riom, France.

Buy -