SDI Group has announced the acquisition of Safelab Systems Limited (Safelab), a UK manufacturer of fume cupboards, for an estimated total consideration of £7.7m, net of £0.7m cash acquired. The initial consideration is £5.5m, of which £5.3m is cash and £200k in ordinary shares. A further £2.9m cash payment is due shortly after completion. The total cash consideration will be funded by the group’s existing cash resources and revolving credit facility, highlighting SDI’s balance sheet strength. Th ....
28 Mar 2022
Acquisition of Safelab Systems Limited
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Acquisition of Safelab Systems Limited
SDI Group plc (SDI:LON) | 62.5 0.3 0.8% | Mkt Cap: 65.0m
- Published:
28 Mar 2022 -
Author:
Tessa Starmer -
Pages:
4
SDI Group has announced the acquisition of Safelab Systems Limited (Safelab), a UK manufacturer of fume cupboards, for an estimated total consideration of £7.7m, net of £0.7m cash acquired. The initial consideration is £5.5m, of which £5.3m is cash and £200k in ordinary shares. A further £2.9m cash payment is due shortly after completion. The total cash consideration will be funded by the group’s existing cash resources and revolving credit facility, highlighting SDI’s balance sheet strength. Th ....