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Spirax-Sarco Engineering
-5.88%
Industry & manufacturing / Steam management systems and peristaltic pumps
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Spirax-Sarco Engineering is a leading global engineering company that specializes in the design, manufacture, and sale of steam and thermal energy solutions. The company was founded in 1888 in Cheltenham, UK, and has since grown and expanded to become a multinational corporation with operations in over 62 countries.
The company's main focus is on providing sustainable and efficient solutions to industries that use steam, including food and beverage, pharmaceuticals, chemicals, and oil and gas. Spirax-Sarco's mission is to help its customers improve their energy efficiency, reduce carbon emissions, and improve their overall productivity.
Spirax-Sarco offers a wide range of products and services, including steam traps, control valves, heat exchangers, and process equipment. The company also provides comprehensive engineering services, such as system design, optimization, and maintenance, to ensure its customers get the most out of their steam systems.
In addition to its core business of steam and thermal energy solutions, Spirax-Sarco also has a portfolio of renewable energy technologies, such as solar thermal systems, as part of its commitment to sustainability.
Today, Spirax-Sarco Engineering has over 8,000 employees worldwide, and its annual revenue exceeds £1 billion. The company continues to be a leader in the industry, constantly innovating and developing new solutions to meet the ever-changing needs of its customers.
The company's main focus is on providing sustainable and efficient solutions to industries that use steam, including food and beverage, pharmaceuticals, chemicals, and oil and gas. Spirax-Sarco's mission is to help its customers improve their energy efficiency, reduce carbon emissions, and improve their overall productivity.
Spirax-Sarco offers a wide range of products and services, including steam traps, control valves, heat exchangers, and process equipment. The company also provides comprehensive engineering services, such as system design, optimization, and maintenance, to ensure its customers get the most out of their steam systems.
In addition to its core business of steam and thermal energy solutions, Spirax-Sarco also has a portfolio of renewable energy technologies, such as solar thermal systems, as part of its commitment to sustainability.
Today, Spirax-Sarco Engineering has over 8,000 employees worldwide, and its annual revenue exceeds £1 billion. The company continues to be a leader in the industry, constantly innovating and developing new solutions to meet the ever-changing needs of its customers.
What is special about the company?
1. Long history: Spirax-Sarco Engineering was founded in 1888, making it one of the oldest engineering companies in the world.
2. Specialized in steam technology: Since its inception, the company has focused on steam technology and has become a global leader in this field.
3. Innovative products: Spirax-Sarco Engineering is known for its innovative products, such as steam traps, control systems, and heat transfer equipment.
4. Global presence: The company has a strong international presence with operations in over 60 countries and sales in over 120 countries.
5. Strong reputation: Spirax-Sarco Engineering has a strong reputation in the industry for providing high-quality, reliable products and excellent customer service.
6. Sustainability focus: The company is committed to sustainability and has a range of eco-friendly products and initiatives to reduce its environmental impact.
7. Diversified business segments: Spirax-Sarco Engineering has diversified its business beyond steam technology, with additional business segments in electrical engineering and peristaltic pump technologies.
8. Strong financial performance: The company has a track record of strong financial performance, with consistent growth in revenue and profitability.
9. Focus on employee development: Spirax-Sarco Engineering has a strong focus on employee development and offers various training and development programs to support its employees' growth.
10. Awards and recognition: The company has been recognized for its achievements and excellence in multiple areas, including innovation, sustainability, and workplace culture.
2. Specialized in steam technology: Since its inception, the company has focused on steam technology and has become a global leader in this field.
3. Innovative products: Spirax-Sarco Engineering is known for its innovative products, such as steam traps, control systems, and heat transfer equipment.
4. Global presence: The company has a strong international presence with operations in over 60 countries and sales in over 120 countries.
5. Strong reputation: Spirax-Sarco Engineering has a strong reputation in the industry for providing high-quality, reliable products and excellent customer service.
6. Sustainability focus: The company is committed to sustainability and has a range of eco-friendly products and initiatives to reduce its environmental impact.
7. Diversified business segments: Spirax-Sarco Engineering has diversified its business beyond steam technology, with additional business segments in electrical engineering and peristaltic pump technologies.
8. Strong financial performance: The company has a track record of strong financial performance, with consistent growth in revenue and profitability.
9. Focus on employee development: Spirax-Sarco Engineering has a strong focus on employee development and offers various training and development programs to support its employees' growth.
10. Awards and recognition: The company has been recognized for its achievements and excellence in multiple areas, including innovation, sustainability, and workplace culture.
What the company's business model?
Spirax-Sarco Engineering is a multinational engineering group that focuses on providing solutions for the control and efficient use of steam, air and other industrial fluids. Their business model is based on three main segments:
1. Steam Specialties: This segment includes products and services that help in the efficient and safe management of steam systems, such as control valves, steam traps, and condensate pumps.
2. Electrical Thermal Solutions: This segment designs, manufactures, and sells electric process heating and temperature management solutions for a variety of industries, including food and beverage, chemical, and pharmaceutical.
3. Peristaltic Pumps: This segment offers niche pumping solutions, primarily for the biopharmaceutical and industrial sectors, through its two brands, Watson-Marlow and Bredel.
In addition to these three segments, Spirax-Sarco Engineering also provides a range of services, including technical support, maintenance, and training, to help customers optimize their fluid management processes.
The company's business model is built on a diverse portfolio of products and services that cater to various industries and a global network of sales and distribution channels. They aim to be the market leader in their chosen fields, providing innovative and sustainable solutions to their customers. Additionally, Spirax-Sarco Engineering places a strong emphasis on research and development to drive continuous product improvement and technological advancement.
1. Steam Specialties: This segment includes products and services that help in the efficient and safe management of steam systems, such as control valves, steam traps, and condensate pumps.
2. Electrical Thermal Solutions: This segment designs, manufactures, and sells electric process heating and temperature management solutions for a variety of industries, including food and beverage, chemical, and pharmaceutical.
3. Peristaltic Pumps: This segment offers niche pumping solutions, primarily for the biopharmaceutical and industrial sectors, through its two brands, Watson-Marlow and Bredel.
In addition to these three segments, Spirax-Sarco Engineering also provides a range of services, including technical support, maintenance, and training, to help customers optimize their fluid management processes.
The company's business model is built on a diverse portfolio of products and services that cater to various industries and a global network of sales and distribution channels. They aim to be the market leader in their chosen fields, providing innovative and sustainable solutions to their customers. Additionally, Spirax-Sarco Engineering places a strong emphasis on research and development to drive continuous product improvement and technological advancement.
Interesting facts about the company
1. Spirax-Sarco Engineering is a leading supplier of steam and industrial fluid control systems. The company was founded in 1888 by George Wales and George Woodhouse in London, England.
2. The company’s name was derived from its first innovation, the Spirax steam trap, and the Sarco steam control valve. These two products laid the foundation for the company’s success in the steam industry.
3. Spirax-Sarco Engineering has a long history of innovation and development. In 1924, the company introduced its first electric thermostatic steam trap, which allowed for more accurate and efficient temperature control.
4. In the 1970s, Spirax-Sarco Engineering expanded into the North American market through a series of acquisitions, including the American steam product manufacturer Nicholson Steam Trap Company.
5. In the late 1980s, the company began to diversify its product line to include other industrial fluid control systems, such as pumps, valves, and level sensing equipment. This helped to further solidify the company’s position as a global leader in process control.
6. Today, Spirax-Sarco Engineering has operations in over 50 countries and employs over 7,000 people worldwide. The company’s headquarters are still located in Cheltenham, England.
7. The company has a strong commitment to sustainability and environmental responsibility. In 2010, it became the first steam specialist to be certified by the Carbon Trust Standard for reducing its carbon footprint.
8. In 2020, the company was named one of Britain’s Top 50 Employers for Women by The Times, recognizing its efforts to promote gender diversity and equality within the workplace.
9. Spirax-Sarco Engineering is also committed to giving back to the community. The company has a partnership with the charity WaterAid, which helps to provide access to safe and clean water to people in need in developing countries.
10. Over the years, Spirax-Sarco Engineering has received numerous awards and recognition for its innovative products and sustainable practices. These include the Queen’s Award for Enterprise, the EU Eco Label, and the World Economic Forum’s Technology Pioneer status.
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2. The company’s name was derived from its first innovation, the Spirax steam trap, and the Sarco steam control valve. These two products laid the foundation for the company’s success in the steam industry.
3. Spirax-Sarco Engineering has a long history of innovation and development. In 1924, the company introduced its first electric thermostatic steam trap, which allowed for more accurate and efficient temperature control.
4. In the 1970s, Spirax-Sarco Engineering expanded into the North American market through a series of acquisitions, including the American steam product manufacturer Nicholson Steam Trap Company.
5. In the late 1980s, the company began to diversify its product line to include other industrial fluid control systems, such as pumps, valves, and level sensing equipment. This helped to further solidify the company’s position as a global leader in process control.
6. Today, Spirax-Sarco Engineering has operations in over 50 countries and employs over 7,000 people worldwide. The company’s headquarters are still located in Cheltenham, England.
7. The company has a strong commitment to sustainability and environmental responsibility. In 2010, it became the first steam specialist to be certified by the Carbon Trust Standard for reducing its carbon footprint.
8. In 2020, the company was named one of Britain’s Top 50 Employers for Women by The Times, recognizing its efforts to promote gender diversity and equality within the workplace.
9. Spirax-Sarco Engineering is also committed to giving back to the community. The company has a partnership with the charity WaterAid, which helps to provide access to safe and clean water to people in need in developing countries.
10. Over the years, Spirax-Sarco Engineering has received numerous awards and recognition for its innovative products and sustainable practices. These include the Queen’s Award for Enterprise, the EU Eco Label, and the World Economic Forum’s Technology Pioneer status.
See Company Due Diligence:
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