1st Feb 2021 12:08
SDI Group PLC - Cambridge-based medical technology firm - Says subsidiary Monmouth Scientific Ltd buys the business and certain net assets of bespoke metal enclosures and housings manufacturer Uniform Engineering for GBP350,000.
Notes for its financial year ended May 31, Uniform Engineering - which is a component supplier to Monmouth - posted pretax profit of GBP100,000 on revenue of GBP1.0 million.
SDI says the acquisition ensures security of supply to Monmouth Scientific, with the potential to grow Uniform's business in future including potentially supplying other SDI divisions.
Current stock price: 114.25 pence
Year-to-date change: down 4.4%
By Ife Taiwo; [email protected]
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