SDI has announced the acquisition of LTE Scientific for c.£5.5m (includes £1.65m of freehold property and £1.3m of cash). LTE Scientific manufactures and services sterilizers, decontamination and thermal processing equipment, used in the life science and medical market sectors. The acquisition is funded from cash and SDI’s existing debt facility, with net cash at 30 April having been c.£1.1m. We expect the acquisition to be immediately EPS enhancing and to be c.5% accretive to EPS in FY 2024. Co ....
01 Aug 2022
SDI Group - Accretive acquisition – +5% in FY 2024
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SDI Group - Accretive acquisition – +5% in FY 2024
SDI Group plc (SDI:LON) | 56.0 0.2 0.7% | Mkt Cap: 58.5m
- Published:
01 Aug 2022 -
Author:
Mark Brewer | Cavendish Research -
Pages:
13
SDI has announced the acquisition of LTE Scientific for c.£5.5m (includes £1.65m of freehold property and £1.3m of cash). LTE Scientific manufactures and services sterilizers, decontamination and thermal processing equipment, used in the life science and medical market sectors. The acquisition is funded from cash and SDI’s existing debt facility, with net cash at 30 April having been c.£1.1m. We expect the acquisition to be immediately EPS enhancing and to be c.5% accretive to EPS in FY 2024. Co ....