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.

Africa, All Industrial Technologies, Corporate divestiture, Cross border, Pumps, Valves & Flow control, Sellside