SDI Group has announced the acquisition of LTE Scientific Limited (LTE), a UK manufacturer of sterilizers and decontamination equipment, for an estimated total consideration of £4.2m, net of £1.3m excess cash acquired. The initial cash consideration is £4.2m, with a further £1.3m payment due shortly after completion. It will be funded by the group’s existing cash resources and £20m revolving credit facility, highlighting SDI’s balance sheet strength. The acquisition is expected to be immediately ....
01 Aug 2022
SDI: Acquisition of LTE Scientific Limited
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: Acquisition of LTE Scientific Limited
SDI Group plc (SDI:LON) | 63.0 0 0.0% | Mkt Cap: 65.6m
- Published:
01 Aug 2022 -
Author:
Tessa Starmer -
Pages:
4
SDI Group has announced the acquisition of LTE Scientific Limited (LTE), a UK manufacturer of sterilizers and decontamination equipment, for an estimated total consideration of £4.2m, net of £1.3m excess cash acquired. The initial cash consideration is £4.2m, with a further £1.3m payment due shortly after completion. It will be funded by the group’s existing cash resources and £20m revolving credit facility, highlighting SDI’s balance sheet strength. The acquisition is expected to be immediately ....