How we create value
Intellectual capital

We provide knowledge, expertise, and intellectual property. Our world-class applications engineering expertise provides our customers with the right support to solve their problems.

Human capital

Our success is fuelled by our diverse and talented workforce. We invest in our employees, providing continuous learning and career development.

Operational capital

We commit to operational excellence, maintaining state-of-the-art manufacturing facilities and technology to deliver high-quality products.

Social capital

We take community engagement very seriously. We aim to build strong, positive relationships in the communities we operate in, and contribute to social welfare.

Natural capital

We recognise the importance of preserving natural resources and minimising our environmental footprint. We strive to reduce our environmental impact and support our customers to do the same.

Financial capital

We manage financial resources, making investments in innovation and operational efficiency to achieve sustainable tprofitable growth.

Our strategic pillars

Commercial Excellence

We drive growth by creating more value for our customers – through premium service, technical support and disciplined sales execution. This helps us grow share and unlock new opportunities for value creation.

Market-led innovation

We solve unmet customer needs with scalable, high-impact solutions. Our test-and-learn approach helps us accelerate what works and drive growth in structurally attractive markets – supported by disciplined M&A that further strengthens our capabilities.

Continuous improvement

We look at every aspect of our execution to better serve customers and embed excellence. By optimising our footprint, operations and supply chains, we reduce complexity and waste to reinvest in organic growth. We also manage our portfolio actively – investing in what performs, and reshaping where it doesn’t.

Our enablers

Talent and engagement

Developing and retaining our key people and attracting high-quality, diverse talent, as well as having a highly engaged workforce, enables us to deliver excellent service to our customers.

Digital

We actively develop connected products and digital tools to improve our value and service to customers.

Sustainability

We focus on supporting the sustainability goals of our customers, as well as ensuring we improve our sustainability and energy efficiency.

Our business model

Our business model image
Leaders in flow and motion control
Process Automation

Routes to market

– Direct

– Aftermarket

Addressable market
£10bn
Industrial Automation

Routes to market

– Direct

– Aftermarket

– Distribution

Addressable market
£14bn
Climate Control

Routes to market

– End user specification

– Project sales

– Retrofit

– Wholesalers

Addressable market
£4bn
Life Science & Fluid Control

Routes to market

– Direct

– Aftermarket

Addressable market
£3bn
Transport

Routes to market

– Direct

Addressable market
£1bn

Supporting over 35,000 customers with their most acute problems.

Employee engagement remains high (2023: 77%).

We delivered 11% compound annual growth in adjusted basic earnings per share over a five-year period (2023: 12% over 4-years).

Around 7,000 suppliers with partnerships that demonstrate long-term trust built over time.

29% reduction in carbon intensity since 2019, and we supported our customers in reducing their environmental impact.

We engage with governments and regulators on relevant industry issues.