Acquisition

Spirax-Sarco Engineering PLC 03 March 2008 3rd March 2008 Spirax-Sarco acquires Italian manufacturer of mechanical level controls for €1.2 million (£0.9 million) Spirax-Sarco Engineering plc announces that, through its subsidiary company Ampe Italia S.r.l., it has agreed to acquire the entire issued share capital of Colima S.r.l., based in Milan, Italy. Completion will take place at the end of March, subject to routine Closing conditions. Colima manufactures a range of mechanical and magnetic level controls which is marketed to a range of customers, predominantly within Italy and which are complementary to Ampe's existing product offering. Colima enjoys a particularly good reputation within the shipbuilding industry. The purchase consideration of €1.2 million (£0.9 million) excludes any cash or debt balances and will be financed from the Group's existing cash resources. €0.6 million (£0.46 million) of the consideration is payable on Completion, with the balance payable in instalments during the next two years. Contact details: Marcus Steel - Chief Executive Mark Vernon - Chief Operating Officer David Meredith - Director Finance Spirax-Sarco Engineering plc Charlton House Cheltenham Gloucestershire GL53 8ER Tel: 01242 521361 Fax: 01242 581470 www.SpiraxSarcoEngineering.com This information is provided by RNS The company news service from the London Stock Exchange
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