SDI Group has announced the acquisition of Fraser Anti-Static Techniques Limited (Fraser), a UK-based global leader in the manufacture of anti-static equipment. The estimated total consideration is £13m, net of approximately £3.9m excess cash acquired. The acquisition will be funded from SDI’s existing cash resources and revolving credit facility; as at 30 September the group had c.£3.3m of cash, £7.0m bank debt and £13.0m undrawn bank facility. Fraser represents a departure from SDI’s usual sub ....
24 Oct 2022
PROGRESSIVE: SDI: Acquisition to increase global presence
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
PROGRESSIVE: SDI: Acquisition to increase global presence
SDI Group plc (SDI:LON) | 56.0 -0.6 (-1.8%) | Mkt Cap: 58.5m
- Published:
24 Oct 2022 -
Author:
Tessa Starmer -
Pages:
4
SDI Group has announced the acquisition of Fraser Anti-Static Techniques Limited (Fraser), a UK-based global leader in the manufacture of anti-static equipment. The estimated total consideration is £13m, net of approximately £3.9m excess cash acquired. The acquisition will be funded from SDI’s existing cash resources and revolving credit facility; as at 30 September the group had c.£3.3m of cash, £7.0m bank debt and £13.0m undrawn bank facility. Fraser represents a departure from SDI’s usual sub ....