QSI Acquisition

RNS Number : 7107D

Scientific Digital Imaging Plc

02 February 2018

 

Scientific Digital Imaging plc

("SDI", the "Company" or the "Group")

(AIM: SDI)

QSI Acquisition

Scientific Digital Imaging plc, the AIM quoted group focused on the design and manufacture of scientific and technology products for use by the life science, healthcare, astronomy, consumer manufacturing and art conservation markets, announces that, further to the announcement of 4 January 2018, it has acquired certain fixed assets, stock, designs and trademarks from Quantum Scientific Imaging Inc. ("QSI") (the "Acquisition").

The Acquisition, effective 1 February 2018, complements the existing product offering of the Group's Atik Cameras brand. The Group intends to move all the purchased assets from the US to Atik's manufacturing base in Lisbon. QSI's total sales (unaudited) in the year to 31 December 2017 were c.£500,000, however SDI expects to achieve lower sales than this from the acquisition in the first year of ownership. SDI is paying a total cash consideration of $350,000 (c. £246,000).

Enquiries:

Scientific Digital Imaging plc	01223 727144
Ken Ford, Chairman
Mike Creedon, CEO
www.scientificdigitalimaging.com
finnCap Ltd	020 7220 0500
Ed Frisby/Kate Bannatyne - Corporate Finance
Mia Gardner/Camille Gochez - Corporate Broking
JW Communications	07818 430877
Julia Wilson - Investor & Public Relations

About SDI:

Scientific Digital Imaging plc designs and manufactures scientific and technology products for use in applications including life sciences, healthcare, astronomy, consumer manufacturing and art conservation. SDI intends to continue to grow through its own technology advancements as well as strategic, complementary acquisitions.

 

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