Judges Scientific is focused on acquiring and developing companies in the scientific instrument sector. The acquisition of Korvus Technology, a UK-based but global supplier of vapour deposition systems, largely to academic institutions, marks Judges' third deal in less than 12 months. With Korvus generating revenues of £1.42m and adj. EBIT of £0.66m (46% margin), we choose to leave our FY2020E estimates unchanged but, after financing costs (all-cash initial consideration of £2.64m), we see a 3.5 ....
19 Oct 2020
WHI Morning Comment: Judges Scientific (JDG) - Acquisition – small but well formed – small upgrades to FY2021E
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WHI Morning Comment: Judges Scientific (JDG) - Acquisition – small but well formed – small upgrades to FY2021E
Judges Scientific plc (JDG:LON) | 10,225 -7668.8 (-0.7%) | Mkt Cap: 676.8m
- Published:
19 Oct 2020 -
Author:
Matthew Davis -
Pages:
4
Judges Scientific is focused on acquiring and developing companies in the scientific instrument sector. The acquisition of Korvus Technology, a UK-based but global supplier of vapour deposition systems, largely to academic institutions, marks Judges' third deal in less than 12 months. With Korvus generating revenues of £1.42m and adj. EBIT of £0.66m (46% margin), we choose to leave our FY2020E estimates unchanged but, after financing costs (all-cash initial consideration of £2.64m), we see a 3.5 ....