Spirax Group

Spirax Group is a global thermal energy and fluid technology solutions company, formerly known as Spirax-Sarco Engineering. The company is dedicated to playing a vital role in facilitating the industrial transition to net zero, aligned with its Purpose of creating sustainable value for all stakeholders. Spirax Group offers solutions aimed at enhancing the operational efficiency and safety of critical industrial processes, ultimately contributing to the production of everyday consumables. Notably, the company has introduced innovative decarbonisation solutions using proprietary technologies to electrify boilers and other industrial process heating applications, effectively eliminating Scopes 1 and 2 greenhouse gas emissions when connected to a green electricity source.

The Group comprises three leading businesses; Steam Thermal Solutions aids customers in controlling and managing steam for mission-critical industrial applications, including the safe production of food and the operation of essential healthcare facilities. This segment includes Spirax Sarco and Gestra. On the other hand, Electric Thermal Solutions offers proprietary technologies for large-scale electrification in industrial settings, alongside solutions critical to aviation, space industries, and semiconductor chip manufacturing. The Watson-Marlow Fluid Technology Solutions division engineers crucial fluid technology solutions that optimize resource efficiency and support advancements in global health, such as vaccine production and gene therapies.

Founded in 1910, Spirax Group is a prominent player in the industrial sector and a constituent of the FTSE 100. Headquartered in Cheltenham, UK, the company operates 37 strategically located manufacturing plants worldwide, with a workforce of 10,000 and a presence in 66 countries, serving 110,000 customers globally. With its commitment to sustainability and technological innovation, Spirax Group presents an intriguing opportunity for investors seeking to support and benefit from the transition to a more efficient, safer, and sustainable industrial landscape.