Siebe sees profits surge
15 Jan 2000
Fresh from snapping up process equipment maker APV (see PEJune 97, p9), engineering company Siebe posted a 28 per cent rise in pre-tax annual profits, to £424million. Revenues increased 15per cent, to £3billion. Profits in the control systems and temperature control divisions saw growth of 19 per cent and 23 per cent respectively, but the industrial equipment division was seen as a disappointment, with profits growing by only 9 per cent.
