Spectris PLC
06 February 2006
Date: Monday 6 February 2006
Contact: Steve Hare, Group Finance Director
Spectris plc Tel: 01784 470470
SPECTRIS PLC
DISPOSAL OF ARCOM CONTROL SYSTEMS
Spectris plc, the precision instrumentation and controls company, today
announces that it has entered into an option agreement with Eurotech S.p.A. for
the sale of its Arcom Control Systems business ('Arcom').
The agreement gives Eurotech an option to acquire Arcom within a period of 60
days. In consideration for the option, Eurotech has paid to Spectris the sum of
US$2 million as an assurance that, subject to the verification of certain
financial information, Eurotech will complete the acquisition.
The total consideration will be US$26 million on a debt-free basis, payable by
Eurotech on completion (less the sum of US$2 million referred to above).
- Ends -
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.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.