LONDON, UK: SDI Group plc has acquired Scientific Vacuum Systems Ltd (SVS), a UK manufacturer of physical vapour deposition equipment.
Total consideration, including earnout, is forecast to be approximately £4.9 million, net of cash acquired.
Ken Ford, Chairman of SDI said: “The acquisition of SVS is a further step in our Group growth strategy and will reside within our Sensors and Controls division. The Acquisition is expected to be immediately earnings enhancing. We are delighted to welcome Terry Shimell, Philip Eames and their highly technical staff to the SDI Group.”
SDI also announced that its Atik Cameras division has received a further firm order for cameras to be used in PCR machines, for delivery in the year ending 30 April 2023, extending the series of orders related to the COVID-19 pandemic.
Scientific Vacuum Systems (SVS) specialises in the design, manufacture and service of bespoke and standard PVD and other vacuum related systems, which typically produce nano/micron thin films by sputtering or electron beam evaporation onto the surface of a substrate under controlled vacuum conditions.
Applications for such systems have included large scientific experiments, semiconductor manufacturing, nuclear installation, electronic component manufacture, and premium brand razor blade manufacture where SVS enjoys good relationships with leading manufacturers.
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, Chell Instruments, Monmouth Scientific, Uniform Engineering and Scientific Vacuum Systems.
SDI continues to grow by developing its own technology advancements and by improving its global sales channels, as well as through pursuing strategic, complementary acquisitions. www.thesdigroup.net