Spirax-Sarco Engineering signed a binding definitive agreement to acquire the Vulcanic Group of Companies (Vulcanic) from Qualium, a French private equity company.
Vulcanic is the largest supplier in Europe of bespoke industrial electric heating solutions. The Paris-based company operates 10 manufacturing facilities worldwide. According to Spirax-Sarco, the acquisition of Vulcanic will support growth in Spirax-Sarco’s Electric Thermal Solutions (ETS) business through its existing customers, products and operational footprints in Europe, the Middle East and Africa, The company also notes that Vulcanic’s product line complements its existing Chromalox business, which is mostly focused on the Americas region.
As part of ETS, Vulcanic will play a role in supporting the group’s drive to help customers decarbonize their industrial processes through electrification.