The group has announced the acquisition, of Active Silicon, a digital image processing and transmission business for an effective cost of £2.7m. It is complementary and additive to the group’s position in opto-electronics and embedded computing. The acquisition is EPS enhancing in its first year, with a 4% upgrade to 50.4p. We also raise our PT by 4% from 835p to 868p, offering decent upside to the current share price. This bolt-on acquisition should be taken well as a useful strategic enhanceme ....
01 Mar 2021
Solid State - Acquisition of Active Silicon, 4% EPS enhancing
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Solid State - Acquisition of Active Silicon, 4% EPS enhancing
Solid State plc (SOLI:LON) | 1,375 0 0.0% | Mkt Cap: 156.0m
- Published:
01 Mar 2021 -
Author:
David Buxton -
Pages:
4
The group has announced the acquisition, of Active Silicon, a digital image processing and transmission business for an effective cost of £2.7m. It is complementary and additive to the group’s position in opto-electronics and embedded computing. The acquisition is EPS enhancing in its first year, with a 4% upgrade to 50.4p. We also raise our PT by 4% from 835p to 868p, offering decent upside to the current share price. This bolt-on acquisition should be taken well as a useful strategic enhanceme ....