Acquisition

Spirax-Sarco Engineering PLC 01 February 2008 1st February 2008 Spirax Sarco acquires Danish manufacturer of peristaltic aseptic filling systems for DKK141m (£14.1m) Spirax-Sarco Engineering plc announces that, through its subsidiary company Watson-Marlow Bredel, it has agreed to acquire the entire issued share capital of Flexicon A/S, based in Denmark. The transaction includes full ownership of Flexicon's distribution company for the USA, Flexicon America Inc. Completion, which is expected to take place by the end of February, is subject to routine Closing conditions. Flexicon's range of peristaltic aseptic filling systems is marketed to the biopharmaceutical industry worldwide. Watson-Marlow Bredel is the world's leading manufacturer of peristaltic pumps and the acquisition of Flexicon complements its existing range of peristaltic pumps for dispensing applications and strengthens its presence in the biotechnology and pharmaceutical industries. Turnover in the year ended 30th June 2007 was DKK65m (£6.5m). The purchase consideration of DKK141m (£14.1m) excludes any cash or debt balances and will be financed from the Group's existing cash resources. DKK113m (£11.3m) of the consideration is payable on Completion, with the balance payable in three equal instalments during the next three years. The acquisition is expected to provide a benefit to Group earnings per share from 2008. 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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