Acquisition of LDS Test and Measurement complete
05 January 2009
Spectris, the productivity-enhancing instrumentation and controls company, has completed the acquisition of the LDS Test and Measurement business from SPX Corporation for $86 million on a debt and cash-free basis. The acquisition was consolidated on the 1 December 2008.
Acquisition of LDS Test and Measurement complete
Spectris originally announced on 1 October 2008 that it had agreed to acquire the LDS Test and Measurement business for $102 million. The sales, operating profit and gross assets previously disclosed remain unchanged. The transaction was subject to a number of conditions and under the revised terms of the contract, Spectris will not acquire the Nicolet brand name. The LDS data acquisition and instrumentation products will be rebranded under the HBM name.
In addition to data acquisition and instrumentation products, the LDS Test and Measurement business also provides test systems for the electro-dynamic vibration market. These products complement those from Brüel & Kjær Sound and Vibration Measurement A/S, enabling Spectris to provide customers with a complete test system for both structural analysis and vibration testing.
John O'Higgins, Chief Executive of Spectris, commented: “LDS is an excellent fit with the existing businesses in the Test and Measurement segment and enables us to provide a greatly enhanced range of products and software to help our automotive and aerospace customers improve productivity in their research and development cycles.”
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