Business
Acquisition of Dia-Stron Limited
Acquisition of Dia-Stron Limited.
About this update from Judges Scientific Plc
[{"type":"text","content":"\n \nRNS Number : 8058T Judges Scientific PLC 01 April 2016 \n\n\n\n\n\nPress Release\n\n\n1 April 2016\n\n\n\n\n \n \nJudges Scientific plc\n \n(\"Judges Scientific\", \"Judges\", the \"Company\" or the \"Group\")\n \nAcquisition of Dia-Stron Limited\n \n \nJudges Scientific, a group involved in the buy and build of scientific instrument businesses, announces that it has today acquired 100% of the issued share capital of Dia-Stron Limited (\"Dia-Stron\"), an instrument maker based in Andover, Hampshire. Dia-Stron designs and manufactures systems to test the mechanical properties of fibres (the \"Acquisition\"). The Board expects the Acquisition to be immediately earnings enhancing.\n \nThe purchase price of Dia-Stron amounted to £2.75 million in cash. An additional payment will be made to reflect any excess working capital over and above the ongoing requirements of the business. The Board expects such payment to be covered by the cash inherited at the completion date.\n \nInformation on Dia-Stron\nDia-Stron specialises in the design and manufacture of systems to test the mechanical properties of fibres, primarily in relation to tensile strength. The company is a market leader in testing natural hair fibres and approximately 75 per cent of revenues are derived from the hair care industry, including large multi-national groups. The balance of sales is comprised of industrial fibres, skin-testing instruments and contract testing for third parties. The automation built into the company's systems provides significant efficiency savings for customers. \n \nAll of Dia-Stron's products are designed by the company, manufactured in Hampshire and sold worldwide to end users directly, through agents or through the company's...