3rd Dec 2025 12:50
(Alliance News) - Judges Scientific PLC on Wednesday announced that its subsidiary Geotek Ltd has bought the remaining minority stake in its majority-owned subsidiary Geotek do Brasil ltda.
Shares in Judges Scientific were 1.1% higher at 5,658.90 pence each in London on Wednesday afternoon.
Judges, which buys and develops companies in the scientific instrument sector, said that Geotek acquired the 18% minority share in GdB for an initial consideration of BRL13 million, or GBP1.9 million, payable in 60 monthly instalments of BRL324,000 including interest. The total consideration includes excess cash and earnout of up to GBP700,000.
Judges Scientific said that if, and to the extent that GdB's average adjusted earnings before interest and tax for 2025 and 2026 exceeds BRL16.1 million or GBP2.3 million, an earn-out equal to 18% of 4.5 times the excess will be payable subject to the GBP700,000 cap. The BRL16.1 million amount is equivalent to GdB's adjusted Ebit for the twelve months ended February 28.
Judges Scientific added that it expects the transaction to be immediately earnings-enhancing.
By Emma Curzon, Alliance News reporter
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