SDI has announced the acquisition of SafeLab Systems for c.£7.7m (excludes of £0.7m cash acquired). SafeLab manufactures fume cupboards and biological safety cabinets. The acquisition is funded from cash and SDI’s existing debt facility. We expect the acquisition to be immediately EPS enhancing and to be c.9% accretive to EPS in FY 2023. Consequently, we raise group adjusted EPS by 1% in FY 2022 to 6.8p, which implies 14% growth in FY 2022, and 9% in FY 2023 to 7.0p. The acquisition offsets the ....
28 Mar 2022
SDI Group - Accretive (9%) acquisition
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
SDI Group - Accretive (9%) acquisition
SDI Group plc (SDI:LON) | 55.5 -0.2 (-0.7%) | Mkt Cap: 58.0m
- Published:
28 Mar 2022 -
Author:
Mark Brewer -
Pages:
13
SDI has announced the acquisition of SafeLab Systems for c.£7.7m (excludes of £0.7m cash acquired). SafeLab manufactures fume cupboards and biological safety cabinets. The acquisition is funded from cash and SDI’s existing debt facility. We expect the acquisition to be immediately EPS enhancing and to be c.9% accretive to EPS in FY 2023. Consequently, we raise group adjusted EPS by 1% in FY 2022 to 6.8p, which implies 14% growth in FY 2022, and 9% in FY 2023 to 7.0p. The acquisition offsets the ....