UK-based steam management systems and peristaltic pumps maker Spirax-Sarco Engineering PLC has signed a deal to buy French heating and temperature measurement solutions maker Thermocoax Developpement.
The purchase price is being considered at 158 million euros ($179.2 million).
Spirax-Sarco said that will acquire Thermocoax from Chequers Capital and TCR Capital.
The deal, subjected to regulatory approvals in France, Germany and the U.S., is expected to close during the second quarter of the year.