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Spirax-Sarco Engineering

#1923

Rank

$7.99B

MarketCap GB

GB United Kingdom

Country

Summary
Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications. The company serves food, beverage, pharmaceutical and biotechnology, oil, gas, chemical, healthcare, power generation, buildings, mining and precious metal processing, water and wastewater, and pulp and paper, as well as original equipment manufacturers. The company sells its products directly, as well as through distributors. It operates in Europe, the Middle East, and Africa; the Asia Pacific; and the Americas. Spirax-Sarco Engineering plc was founded in 1888 and is headquartered in Cheltenham, the United Kingdom.

History

The Company was founded by Herman Sanders in 1888 and after a Mr Rehders joined the business, established as Sanders, Rehders & Co. in London importing thermostatic steam traps from Germany. It started to manufacture steam traps in United Kingdom under the Spirax brand name in 1932 and was first listed on the London Stock Exchange in 1959. In 1960 a range of self-acting pressure controls are introduced for the first time: then in 1963 it bought Drayton Controls, a control valve and instrumentation business.The company diversified into pump manufacturing in 1990 when it bought Watson-Marlow. It acquired the Jucker Industrial Division, an Italian controls business, in 1993, Bredel Hose Pumps, a business manufacturing high-pressure hose pumps, in 1996 and M&M International, an Italian piston actuated and solenoid valve business in 2001. In September 2005 it acquired Mitech Actuators & Controls and Proportional Control Technology, a pair of South African businesses making process controls. Then later that year it bought EMCO Flow Systems, a metering business.The company acquired Intervalf, a Turkish operation, for £2.8m in 2009. It completed a new facility in Shanghai, China in June 2010: the plant, designed as Spirax's regional headquarters, combines a factory, warehouse, and offices.In 2011 the Minister for UK Trade & Investment, Lord Green, opened the new Spirax Sarco facility in Saint Petersburg, Russia and in May 2012 the Deputy Prime Minister, Nick Clegg visited Spirax Sarco’s manufacturing facility in Cheltenham, Gloucestershire. In May 2012 there was a shareholder revolt after Spirax-Sarco paid a former Executive Director compensation of £783,660; the company compounded the problem by failing to inform the markets of the shareholder revolt as required by the Listing Rules. Then in November 2012 the company bought Termodinámica, a distributor based in Santiago de Chile and in February 2019 it bought Thermocoax, a US based business involved in the manufacture and supply of mineral insulated cable.


Mission
We meet the needs of our customers by innovating and manufacturing high quality products; advising our customers on the most effective application of these products; designing bespoke engineering packages.

Vision
We meet the needs of our customers by innovating and manufacturing high quality products; advising our customers on the most effective application of these products; designing bespoke engineering packages.

Key Team

Mr. Jim Devine (Group HR Director)

Mr. Shaun Laubscher (Head of Talent & Organisational Devel.)

Mr. Dan Harvey (Head of Internal Audit)

Mr. Andrew Mines (Managing Director of Watson-Marlow)

Ms. Sarah Peers (Group Head of Sustainability)

Maurizio Preziosa (Managing Director of Steam Specialties)

Ms. Jennifer Forrester (Head of Employee Experience)


Recognition and Awards
Spirax-Sarco has been awarded ‘The Queen’s Award for Enterprise: International Trade’, ‘The Queen’s Award for Innovation’, ‘Sunday Times Global Top 200’, ‘Sunday Times Top Track 250’, ‘The Sunday Times 100 Best Companies to Work For’, ‘Investors in People’, and ‘The National Skills Academy Employer of Choice’.

References
Spirax-Sarco Engineering
Leadership team

Mr. Nicholas J. Anderson B.Sc., Eng., MBA (Group Chief Exec. & Exec. Director)

Mr. Nimesh B. Patel B.Sc. (CFO & Exec. Director)

Mr. Andy J. Robson L.L.B., LLB Law, Barrister (Group Gen. Counsel & Company Sec.)

Products/ Services
Industrial Engineering, Mechanical Engineering
Number of Employees
1,000 - 20,000
Headquarters
Cheltenham, Gloucestershire, United Kingdom
Established
1910
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
SPX.L
Social Media
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