7th Jan 2022 11:18
(Alliance News) - SDI Group PLC on Friday announced the acquisition of Scientific Vacuum Systems Ltd, a Wokingham, England-based manufacturer of physical vapour deposition equipment, for around GBP4.9 million.
SDI shares were up 5.8% to 211.55 pence each in London on Friday morning.
SVS specialises in custom physical vapour deposition systems for the deposition of thin film coatings typically on semiconductor wafers, for use in scientific research, industrial and semiconductor manufacturing applications.
The Cambridge-based medical technology firm said the acquisition of SVS is expected to be immediately earnings enhancing.
SVS posted around GBP2.5 million in revenue for the year to end September 2021, and earnings before interest and tax of GBP700,000.
SDI Chair Ken Ford said: "The acquisition of SVS is a further step in our group growth strategy and will reside within our Sensors & Controls division. The acquisition is expected to be immediately earnings enhancing."
Finchampstead, Berkshire-based SVS was founded in 1990 by Terry Shimell and Philip Eames, who will continue to lead the company within SDI. SVS has about eight staff.
SDI also announced that its Atik Cameras division has received a further order for cameras to be used in PCR machines, for delivery in the year ending April 30, 2023. This extends the series of orders related to the Covid-19 pandemic, the firm noted.
PCR machines, also known as thermal cyclers, are a laboratory apparatus most commonly used to amplify segments of DNA via the polymerase chain reaction, or PCR.
By Greg Roxburgh; [email protected]
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