1st Aug 2022 16:40
SDI Group PLC - Cambridge-based medical technology firm - Acquires UK manufacturer of sterilisers and decontamination equipment LTE Scientific Ltd for around GBP4.2 million.
Acquisition price includes GBP1.7 million of freehold property, and is expected to be enhancing in the current year.
"The acquisition of LTE is a further step in our group growth strategy, demonstrating again the opportunities to acquire businesses with high quality products related to our existing portfolio of equipment used in laboratories and hospitals. The Acquisition is expected to be earnings enhancing in current year FY2023. We are delighted to welcome John Lees and his staff at LTE Scientific to the SDI Group," said Chair Ken Ford.
Current stock price: 166.00 pence
12-month change: down 18%
By Dayo Laniyan; [email protected]
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