SDI is acquiring Thermal Exchange Ltd, a manufacturer and supplier of cooling and temperature control equipment for the industrial, medical and scientific markets. The company is paying c.£1.1m to acquire the company, which represents historic FY 2018 EV/Sales and EV/EBIT multiples of 0.8x and 5.3x, respectively. The acquisition is being funded from cash with net cash at year-end expected to be c.£0.7m. This transaction represents another example of the company building out a suit
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