SDI has announced the acquisition of Monmouth Scientific, paying c.£5.8m for the business (including a £2.1m earn-out based on FY 2021E adjusted EBIT). Monmouth manufactures biological safety cabinets, amongst other air flow products, which are seeing strong demand due to the dynamic growth in PCR testing capacity for COVID-19. The acquisition is funded from cash and SDI’s existing debt facility, with net debt at year-end now expected to be c.£4.3m. We expect the acquisition to be immediately EP ....
03 Dec 2020
SDI Group - Acquisition in lockdown – 14% accretive in first full year
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SDI Group - Acquisition in lockdown – 14% accretive in first full year
SDI Group plc (SDI:LON) | 56.0 0.3 1.1% | Mkt Cap: 58.5m
- Published:
03 Dec 2020 -
Author:
Mark Brewer | Cavendish Research -
Pages:
12
SDI has announced the acquisition of Monmouth Scientific, paying c.£5.8m for the business (including a £2.1m earn-out based on FY 2021E adjusted EBIT). Monmouth manufactures biological safety cabinets, amongst other air flow products, which are seeing strong demand due to the dynamic growth in PCR testing capacity for COVID-19. The acquisition is funded from cash and SDI’s existing debt facility, with net debt at year-end now expected to be c.£4.3m. We expect the acquisition to be immediately EP ....