Acquisition of DISCOM GMBH

RNS Number : 4550F

Spectris PLC

28 July 2016

 

28 July 2016

spectris plc

Acquisition of DISCOM GMBH

28 July 2016 - Spectris plc ("Spectris") (LSE: SXS), the productivity-enhancing instrumentation and controls company, today announces that it has completed the acquisition of the German privately-held DISCOM Elektronische Systeme und Komponenten GmbH ('DISCOM'). The up-front purchase consideration of EUR15.8 million will be met from existing cash and bank facilities and is subject to routine balance sheet adjustments. In addition, contingent consideration may become payable to the sellers based on the achievement of certain milestones for a period of up to three years beginning 26 July 2016.

DISCOM is a leading provider of acoustical and vibration quality analysis, predominantly for powertrain production-line testing within the automotive industry. It provides integrated solutions combining hardware and software to both OEMs and suppliers to enhance production quality and identify potential problems in manufacturing processes. DISCOM will become part of Brüel & Kjær Sound and Vibration within Spectris' Test and Measurement segment.

Eoghan O'Lionaird, Business Group Director, said: "DISCOM is a leader in a niche high-growth, productivity-enhancing technology. Supported by Spectris' global reach and expertise we believe there is a significant opportunity for DISCOM to strengthen its market position, expand internationally and accelerate its growth. This acquisition is in line with Spectris' strategy to provide innovative customer solutions that use combinations of instrumentation, software and services to enhance productivity and create greater value for our customers."

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Contacts:

Spectris plc

Matt Jones, Head of Corporate Affairs

[phone]

FTI Consulting

Richard Mountain / Susanne Yule

[phone]

ABOUT SPECTRIS

Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs around 8,300 people with offices in more than 30 countries. For more information, visit www.spectris.com (http://www.spectris.com).

 

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