23rd Jan 2015 07:07
LONDON (Alliance News) - Spectris PLC on Friday said it has struck a deal to buy privately-held US engineering software company ReliaSoft Corporation for USD42 million in cash.
Spectris said Arizona-based ReliaSoft provides reliability engineering software, education, consulting and related services to product manufacturers and maintenance companies.
The FTSE 250-listed instrumentation and controls company will cover the consideration from existing cash resources.
"ReliaSoft is an important and strategic addition to HBM nCode which extends our presence in engineering application software," said Spectris business group director Eoghan O'Lionaird.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Spectris