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3 December 2025 |
Judges Scientific plc
("Judges Scientific" or the "Group")
Acquisition of the minority shareholding in Geotek do Brasil
Judges Scientific, a group focused on acquiring and developing companies in the scientific instrument sector, announces that its subsidiary Geotek Limited has acquired the remaining minority share of its majority-owned subsidiary Geotek do Brasil ltda ("GdB"). GdB operates Geotek's core digitalisation business in Brazil.
The 18% minority share in GdB has been acquired for an initial consideration of BRL13m (£1.9m), plus excess cash and earnout of up to £0.7m. The initial consideration will be payable in 60 monthly instalments of BRL324K (£0.045m) including interest.
If, and to the extent GdB's average adjusted EBIT for the years 2025 and 2026 exceeds BRL16.1m (£2.3m) (an amount equivalent to GdB's adjusted EBIT for the twelve months to 28 February 2025), an earn-out equal to 18% of 4.5 times the excess will be payable, subject to a cap of £0.7m.
The Board of Judges expects the transaction to be immediately earnings enhancing for the Group.
For further information please contact:
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Judges Scientific plc David Cicurel, CEO Brad Ormsby, CFO Tel: +44 (0) 20 3829 6970 |
Shore Capital (Nominated Adviser & Joint Broker) Stephane Auton Harry Davies-Ball Tel: +44 (0) 20 7408 4090 |
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Panmure Liberum (Joint Broker) Edward Mansfield William King Tel : +44 (0) 20 3100 2222 |
Investec Bank plc (Joint Broker) Virginia Bull Carlton Nelson Tel: +44 (0) 20 7597 4000 |
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Alma (Financial Public Relations) Sam Modlin Rebecca Sanders-Hewett Joe Pederzolli Sarah Peters Tel: +44 (0) 20 3405 0205 |
Notes to editors:
Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group consists of 25 businesses acquired since 2005.
The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including higher education institutions, scientific research facilities, manufacturers, and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen's Awards for Innovation and Export.
The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.
Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the reduction of debt, organic growth, and dividends.
For further information, please visit www.judges.uk.com