Spectris Purchases US Firm Revolutionary Engineering For USD19 Million

3rd Apr 2018 08:36

LONDON (Alliance News) - Instrumentation and controls firm Spectris PLC said Tuesday it has bought US-based Revolutionary Engineering Inc for USD19.0 million.

Spectris is to add Revolutionary Engineering to its Millbrook business and will rebrand it as Millbrook Revolutionary Engineering.

The purchase, it said, is part of a strategy of expanding Millbrook's geographical footprint as well as expanding its testing propulsion systems capabilities.

Revolutionary Engineering is based near Detroit in the US state of Michigan, and specialises in driveline testing services and solutions. It also has a presence in China and Germany, Spectris said.

Spectris shares were down 2.1% on Tuesday morning at 2,637.00 pence each.

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