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Spirax Sarco sells Mitech to PSV

Spirax-Sarco Engineering plc (LSE:SPX), Cheltenham, England, has sold its Mitech Controls and Instrumentation business, based in Gauteng, South Africa, to PSV Holdings Limited. Mitech specializes in the design and manufacture of globe control valves, pneumatic actuators, desuperheaters and allied equipment for the process industry. EC Mergers & Acquisitions acted as exclusive financial advisor to Spirax-Sarco on this transaction.


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