Back to portfolioThermocoax
Thermocoax is a world leader in the design and manufacture of heating and temperature measurement components for applications in critical environments.
Founded in 1957 as a subsidiary of Philips, the company initially developed around mineral insulated cable technology, which is still its core competence today. Thermocoax has progressively applied this technology in many areas (heating, temperature detection, neutron detectors, etc.) for many industrial sectors: aeronautics, energy, semi-conductors, nuclear, space, rail, etc.
The company, which is active in a structurally growing market through various technologies, is the partner of choice for the major global industrial OEMs worldwide, which it serves from its locations in France, the United States, China, Germany and the United Kingdom.
Chequers acquired a stake in Thermocoax in an LBO transaction in 2010 after having already been a shareholder from 2000 to 2005.
Value creation
The plan is to further develop the group organically both in Europe and in the US where the potential is huge for Thermocoax given its small local size and the strong interest shown for insulated mineral technology. In May 2019, Chequers sold Thermocoax to the British Group Spirax Sarco Plc.2010
€0-100m
MBO
Asset light Industrials
France