SDI is acquiring Applied Thermal Control (ATC), a manufacturer and supplier of chillers, coolers and heat exchangers used within the scientific instrument support market and based in the UK. ATC is a growing, profitable business with c.30% of sales exported, mainly to the US. The maximum consideration is £1.2m, representing prospective EV/Sales and EV/EBIT of 0.8x and 4.0x, respectively. The acquisition is being funded by a mixture of shares (£200k to the vendor), cash (£550
24 Aug 2017
Acquisition of Applied Thermal Control
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Acquisition of Applied Thermal Control
SDI Group plc (SDI:LON) | 56.0 0 0.0% | Mkt Cap: 58.5m
- Published:
24 Aug 2017 -
Author:
Mark Brewer | Cavendish Research -
Pages:
12
SDI is acquiring Applied Thermal Control (ATC), a manufacturer and supplier of chillers, coolers and heat exchangers used within the scientific instrument support market and based in the UK. ATC is a growing, profitable business with c.30% of sales exported, mainly to the US. The maximum consideration is £1.2m, representing prospective EV/Sales and EV/EBIT of 0.8x and 4.0x, respectively. The acquisition is being funded by a mixture of shares (£200k to the vendor), cash (£550