SDI has announced the acquisition of Scientific Vacuum Systems (SVS), paying c.£4.9m (net of £0.6m cash acquired), which includes a £0.9m earn-out based on FY 2022E adjusted EBIT. SVS manufactures physical vapour deposition (PVD) equipment and other vacuum related systems. The acquisition is funded from cash and SDI’s existing debt facility, with unaudited net cash at 31 December having been c.£4.3m. The acquisition is coupled with the encouraging news of an extension to the OEM contract for Ati ....
10 Jan 2022
SDI Group - Accretive acquisition and further Atik Cameras order
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SDI Group - Accretive acquisition and further Atik Cameras order
SDI Group plc (SDI:LON) | 55.5 -0.2 (-0.7%) | Mkt Cap: 58.0m
- Published:
10 Jan 2022 -
Author:
Mark Brewer | Cavendish Research -
Pages:
13
SDI has announced the acquisition of Scientific Vacuum Systems (SVS), paying c.£4.9m (net of £0.6m cash acquired), which includes a £0.9m earn-out based on FY 2022E adjusted EBIT. SVS manufactures physical vapour deposition (PVD) equipment and other vacuum related systems. The acquisition is funded from cash and SDI’s existing debt facility, with unaudited net cash at 31 December having been c.£4.3m. The acquisition is coupled with the encouraging news of an extension to the OEM contract for Ati ....