Judges has announced the acquisition of UK based Moorfield Nanotechnology Limited by Quorum Technologies Ltd, one of Judges’ subsidiaries in the Vacuum division, for £2.3m cash (acquired on 3.8x EBIT), financed from the Group’s £35m acquisition facility. Moorfield generated £2.5m of revenue in the year to June 2018, and an adjusted EBIT of £0.6m (24% margin). The acquisition will be earnings enhancing in its first year of ownership, our FY2020 PBT estimates increasing a net £0.5m (or 3%) to £16. ....
04 Dec 2019
Acquisition of Moorfield Nanotechnology for £2.5m
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Acquisition of Moorfield Nanotechnology for £2.5m
Judges Scientific plc (JDG:LON) | 10,825 -16237.5 (-1.4%) | Mkt Cap: 716.5m
- Published:
04 Dec 2019 -
Author:
Matthew Davis -
Pages:
4
Judges has announced the acquisition of UK based Moorfield Nanotechnology Limited by Quorum Technologies Ltd, one of Judges’ subsidiaries in the Vacuum division, for £2.3m cash (acquired on 3.8x EBIT), financed from the Group’s £35m acquisition facility. Moorfield generated £2.5m of revenue in the year to June 2018, and an adjusted EBIT of £0.6m (24% margin). The acquisition will be earnings enhancing in its first year of ownership, our FY2020 PBT estimates increasing a net £0.5m (or 3%) to £16. ....