ACQUISITION OF THE OMNICON GROUP, INC.

RNS Number : 8820T

Spectris PLC

18 October 2017

 

                                                                  

SPECTRIS PLC

Acquisition of The Omnicon Group, Inc.

18 October 2017 - Spectris plc ('Spectris') (LSE: SXS), the productivity-enhancing instrumentation and controls company, today announces that it has completed the acquisition of the privately-held US company The Omnicon Group, Inc. ('Omnicon') for an initial consideration of $29 million.

Omnicon provides a range of services to help its customers analyse and improve product reliability and safety. Key industries served include aerospace, automotive, transportation and defence within the important US market. Omnicon strongly complements the existing capability of the reliability and durability software and services portfolio within Spectris' Test and Measurement segment. The combination of these businesses provides strong geographic growth opportunities across the joint customer base, particularly in the US and in Europe.

Eoghan O'Lionaird, Business Group Director, said: "Omnicon is an excellent addition to our Prenscia software business within the Test and Measurement segment. The combination of Omnicon's recognised expertise in reliability design and testing, particularly for software and systems, with Prenscia's current software and services will enable us to provide customers with a broader range of reliability-improvement solutions. This acquisition represents a further step in our strategy to provide solutions using a combination of software and services to enhance productivity and create greater value for our customers."

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Contacts:

Spectris plc
John O'Higgins	[phone]
Clive Watson	[phone]
Siobhán Andrews, 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 approximately 9,000 people with offices in more than 30 countries. For more information, visit www.spectris.com.

 

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