SDI Group acquires Scientific Vacuum Systems
By Iain Gilbert
Date: Friday 07 Jan 2022
(Sharecast News) - Scientific and technology products manufacturer SDI Group has acquired British physical vapour deposition equipment developer Scientific Vacuum Systems for approximately £4.9m.
SDI said on Friday that SVS, which specialises in custom physical vapour deposition systems for the deposition of thin-film coatings typically on semiconductor wafers, for use in scientific research, industrial and semiconductor manufacturing applications
Revenues for the year to September 2021 were approximately £2.5m and underlying earnings were around £700,000.
SDI highlighted that the acquisition was expected to be immediately earnings enhancing.
Chairman Ken Ford said: "The acquisition of SVS is a further step in our group growth strategy and will reside within our Sensors and Controls division. The acquisition is expected to be immediately earnings enhancing. We are delighted to welcome Terry Shimell, Philip Eames and their highly technical staff to the SDI Group."
Elsewhere, SDI also revealed that its Atik Cameras division had received a further firm order for cameras to be used in PCR machines for delivery in the year ending 30 April 2023, extending a series of orders related to the Covid-19 pandemic.
As of 0925 GMT, SDI shares were down 5.55% at 211.10p.
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