Siebe hots up

Siebe hots up
Melanie Reynolds Siebe is bidding to buy Eurotherm in a recommended cash-and-share deal that values the temperature controls company at ?439m. “This acquisition complements Siebe’s existing activities in the temperature controller market,” said Allen Yurko, Siebe CEO. Eurotherm’s chairman, James Hann welcomed the acquistion as giving access to wider distribution channels. Siebe’s activities include power and industrial systems.


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