LONDON: SDI Group plc, the group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, has acquired Chell Instruments Limited for a consideration of £4.3 million plus an additional cash payment for net assets at completion.
Ken Ford, Chairman of SDI said: “Chell Instruments is another step in our Group growth strategy. It is a complementary fit providing potential areas for growth. The acquisition is in line with our previously announced strategy of organic and acquisitive growth and is expected to be earnings enhancing in its first full year of ownership.”
The Acquisition is in line with the Group’s strategy of acquiring complementary businesses and the Board has identified areas within Chell that have the potential for growth. Chell will be part of SDI Group’s Sensors and Control reporting segment.
Chell specialises in the design, manufacture and calibration of pressure, vacuum and gas flow measurement instruments for a variety of sectors including aerospace, vehicle aerodynamics, gas and steam turbine testing and power generation industries.
SDI designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences, healthcare, astronomy, manufacturing, precision optics and art conservation. SDI operates through its company divisions: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control, MPB Industries and Fistreem.