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What smart money is saying about Spirax-Sarco Engineering plcUnited Kingdom flag

SPX.L · Industrials · Industrial - Machinery

2 funds in our archive have pitched Spirax-Sarco Engineering plc — most recently Bell Global Emerging Companies Fund in January 2026.

Company profile

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications. The company serves food, beverage, pharmaceutical and biotechnology, oil, gas, chemical, healthcare, power generation, buildings, mining and precious metal processing, water and wastewater, and pulp and paper, as well as original equipment manufacturers. The company sells its products directly, as well as through distributors. It operates in Europe, the Middle East, and Africa; the Asia Pacific; and the Americas. Spirax-Sarco Engineering plc was founded in 1888 and is headquartered in Cheltenham, the United Kingdom.

Fund coverage · 2 theses

  • Bell Global Emerging Companies Fund
    January 2026

    Spirax-Sarco Engineering plc is a UK industrial leader in thermal energy and fluid technology poised for earnings upgrades amid recovering end markets and an attractive valuation.

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  • Ennismore Global Smaller Companies Fund
    December 2025

    Spirax Group plc is a high-quality engineering company with multiple recovery drivers across biopharma, China STS, and semiconductors, trading at a reasonable valuation.

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