REG - Spirax-Sarco Engng - Spirax-Sarco Engineering rebrands as Spirax Group

Spirax-Sarco EngineeringAnnouncement

22/02/2024 07:00

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RNS Number : 0063E  Spirax-Sarco Engineering PLC  22 February 2024

Spirax-Sarco Engineering rebrands as Spirax Group

Spirax-Sarco Engineering today announces its decision to rebrand as Spirax
Group.  The change reflects the development of the Company over many years
into a larger and stronger Group of three aligned Businesses with
differentiated and complementary capabilities:

·    Steam Thermal Solutions (previously Steam Specialties)

·    Electric Thermal Solutions

·    Watson-Marlow Fluid Technology Solutions

 

Together as Spirax Group, these leading Businesses are united in their purpose
to engineer a more efficient, safer and sustainable world.  Our new name
balances our history and where we have come from, with who we are today. It
creates more distinction between the Group and its Spirax Sarco trading
Division (part of Steam Thermal Solutions), providing improved clarity for all
stakeholders.

Group Chief Executive Officer, Nimesh Patel said:

"This is a natural evolution for our Company which is home to three strong
solutions-focused Businesses that improve the efficiency and safety of
critical industrial processes across our customers' thermal energy and fluid
technology activities. As Spirax Group we can help everyone better understand
who we are and how we work together across our Businesses to help customers
meet their operational, sustainability and decarbonisation goals."

Spirax Group's new website and updated brand can be viewed at
www.spiraxgroup.com (http://www.spiraxgroup.com) .

The Group is also proposing to change its legal name to Spirax Group plc. This
is subject to shareholder approval through a special resolution at the
Company's AGM in May 2024. Shareholders should note that their shareholdings
will be unaffected by the commercial rebrand or proposed legal name change.
There is no impact on the Group's financial reporting and the Group will
retain the stock market ticker SPX.

The Company's ISIN will remain unchanged. The Company's Legal Entity
Identifier (LEI) remains 213800WFVZQMHOZP2W17.

Enquiries

Spirax Group:
 
+44 (0) 1242 535 000

Mal Patel, Head of Investor
Relations
investors@spiraxgroup.com (mailto:investors@spiraxgroup.com)

Hazel Meldrum, Group Head of Communications
communications@spiraxgroup.com (mailto:communications@spiraxgroup.com)

 

Teneo:
 
+44 (0) 20 7260 2700

Martin
Robinson
spiraxgroup@teneo.com

Olivia Lucas

Nina Chatrath

 

 

 

 

About Spirax Group

Spirax Group (formerly Spirax-Sarco Engineering) is positioned to play a
critical role in enabling the industrial transition to net zero, aligned to
our Purpose to create sustainable value for all our stakeholders as we
engineer a more efficient, safer and sustainable world.

We put solving customers' problems at the heart of our 'total solutions'
approach. Our global thermal energy and fluid technology solutions improve
operating efficiency and safety in our customers' critical industrial
processes. Our recently launched new-to-world decarbonisation* solutions use
proprietary technologies to electrify boilers, for the raising of steam, as
well as the electrification of other critical industrial process heating
applications.

Spirax Group comprises three strong and aligned Businesses:

Steam Thermal Solutions helps customers control and manage steam within their
mission critical industrial applications, such as cleaning, sterilising,
cooking and heating.  We are helping to put food safely on the world's tables
and keeping our hospitals running.

Electric Thermal Solutions has proprietary technologies that deliver
electrification solutions at scale in industrial settings, including for the
raising of steam, supporting our customers to achieve their net zero goals. We
also deliver freeze protection and defrost solutions critical to aviation and
space industries and ensure thermal uniformity in semiconductor chip
manufacturing to power the critical electronic systems we rely on.

Watson‐Marlow Fluid Technology Solutions is engineering vital fluid
technology solutions that optimise the efficient use of resources and support
advancements in global health, such as lifesaving vaccines and gene therapies.

Spirax Group is headquartered in Cheltenham (UK). We have 37 strategically
located manufacturing plants around the world and are committed to building a
safe and inclusive working culture for our 10,000 colleagues, operating in 66
countries and serving 110,000 customers globally.  We aim to create
sustainable value for all our stakeholders, with an excellent track record for
growth and returns that has delivered 55 years of consecutive annual dividend
growth.

The Company's shares have been listed on the London Stock Exchange since 1959
(symbol: SPX) and we are a constituent of the FTSE 100 and the FTSE4Good
Indexes.

 

* Eliminates Scopes 1 and 2 greenhouse gas emissions when connected to a green
electricity source.

 

 

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