Acquisition Of Capstone Technology Corporation

RNS Number : 6104B

Spectris PLC

20 June 2016

 

SPECTRIS PLC

Acquisition of CAPSTONE TECHNOLOGY CORPORATION

20 June 2016 - Spectris plc ("Spectris") (LSE: SXS), the productivity-enhancing instrumentation and controls company, today announces that it has completed the acquisition of the software and associated assets of the privately-held US company Capstone Technology Corporation ("Capstone") for a consideration of $22.5 million.

Capstone is a leading provider of software solutions for process control optimization and decision support, serving multiple process industries, such as pulp and paper, chemicals, utilities, oil and gas and food and beverage. It comprises two key software platforms: the MACS software suite provides engineering services and software for advanced process control optimization, while dataPARC is a data historian, visualization and analytics software suite for operational decision support. Capstone will be integrated into Spectris' In-line Instrumentation segment. More information on Capstone can be found at http://www.capstonetechnology.com/.

Jo Hallas, Business Group Director, said: "Capstone is an excellent addition that extends our portfolio to include enhanced process control and decision support solutions. For example, the combination of Capstone's software tools with BTG's instruments will enable us to provide market leading solutions for process control and optimization across our global pulp, tissue and packaging markets, as well as into other process industries. This is in line with Spectris' strategy to grow by using our domain knowledge to provide solutions that use innovative 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. 

 

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