Acquisition

RNS Number : 6518T

Spectris PLC

01 October 2010

 



ACQUISITION OF N-TRON INDUSTRIAL NETWORKING PRODUCTS BUSINESS FOR $51 MILLION

Spectris plc ("Spectris" or the "Company"), the productivity-enhancing instrumentation and controls company, today announces that it has completed the acquisition of N-TRON Corporation, a leading manufacturer of rugged industrial networking components. N-TRON is based in Mobile, Alabama, USA, and employs around 60 people. The purchase consideration of US$51 million (approximately
£32 million), on a debt and cash-free basis, will be met from existing cash and bank facilities and is subject to routine balance sheet adjustments.

The acquisition of N-TRON is in line with Spectris' strategy to grow its key strategic business segments. N-TRON is a leading manufacturer of Ethernet switches - the products used to connect multiple Ethernet devices to each other and to build network infrastructure - and associated components for the industrial, infrastructure and power generation markets.

N-TRON will become part of the Industrial Controls segment and will operate in close co-operation with Red Lion Controls, which provides operator interface products, whilst maintaining its own brand and sales structure.

John O'Higgins, Chief Executive of Spectris, commented: "The acceptance of Ethernet in the industrial market for integrating shop-floor information within the business IT infrastructure is rapidly increasing. N-TRON's hardware capabilities will enable us to leverage Red Lion's communications technologies to meet this demand and to build our position in the industrial controls market around the world."

- ENDS -

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, the Company employs approximately 5,800 people, with offices in 29 countries.

For more information, visit www.spectris.com

Copies of this announcement are available from the Company's registered office at

Station Road, Egham, Surrey TW20 9NP and on the Company's website at www.spectris.com

Contacts:

Spectris plc

John O'Higgins, Chief Executive                       01784 470470

Clive Watson, Group Finance Director             01784 470470

FD

Richard Mountain                                             020 7269 7186

 

END

 

 

ACQSDIFMSFSSESU