LONDON, UK: Spirax-Sarco Engineering plc, the leading global thermal energy management and fluid technology solutions Group, has announced that Nicholas Anderson, Group Chief Executive, will retire in early 2024, after ten years in this role. The Board has appointed Nimesh Patel, the current Chief Financial Officer, as his successor. Anderson joined the Group in 2011…
OSLO, NORWAY: Kyoto Group, Iberdrola, and Spirax-Sarco Engineering have signed an agreement to invest in Kyoto Group’s Heatcube thermal energy storage solution. The investment will help to accelerate the decarbonization of industrial process heat by providing industrial customers with the technology to lower their costs and emissions. Heatcube is a modular, low-cost thermal energy storage…
LONDON, UK: Spirax-Sarco Engineering has entered into a definitive agreement to acquire Cotopaxi Limited, a digitally enabled, global energy consulting and optimisation specialist, from Business Intelligence of Oriental Nations Corporation Ltd, for a consideration of £13.3 million, which is £12.8 million on a cash and debt free basis. The transaction will be funded from cash…