Home  >> Transactions>> Spectris has sold Microscan to Omron

Spectris has sold Microscan to Omron

Spectris plc (‘Spectris’) (LSE: SXS), the productivity-enhancing instrumentation and controls company, has sold its Microscan Systems, Inc. business (‘Microscan’) to Omron Corporation (‘Omron’) for a total cash consideration of $157 million (£123 million).

Microscan is a global provider of world-class machine vision technology and solutions for critical identification, inspection and verification applications.

As at 31 July 2017, the book value of Microscan’s gross assets amounted to approximately £22 million. The adjusted operating profit generated by Microscan for the year ended 31 December 2016 was approximately £7 million. The sale is expected to close in early fourth quarter, subject to customary closing conditions and regulatory approvals in the USA.

EC M&A acted as exclusive financial advisor to Spectris on this transaction.

Others

Leatherman has agreed to sell Ledlenser to Afinum      Learn More >>
4D Technology has agreed to be sold to Nanometrics      Learn More >>
MakeLeaps, Inc. has agreed to be sold to Ricoh Company, Ltd.      Learn More >>
Halma has acquired LAN Control Systems      Learn More >>
Xylem has sold Sensus Precision Die Casting (Yangzhou) to SORL Auto Parts      Learn More >>
Randstad has sold Locum Medical Group to Health Carousel      Learn More >>
EMX Industries has been sold to Watervale      Learn More >>
Steel Partners has acquired PST Group      Learn More >>
Galileo TP has been sold to Burke Porter Group      Learn More >>
Entegris Has Acquired Flex Concepts, Inc.      Learn More >>
Hänsel Group has sold a majority stake to Possehl      Learn More >>
Entegris has acquired SAES Pure Gas Business from SAES Group      Learn More >>