Acquisition

Spectris PLC 18 September 2002 Date: Wednesday 18 September 2002 SPECTRIS ANNOUNCES COMPLETION OF ACQUISITION OF PHILIPS ANALYTICAL Spectris plc, the precision instrumentation and controls company, announces that it has today completed the acquisition of Philips Analytical, which has been renamed PANalytical. PANalytical is a world-leading supplier of instrumentation and services for analytical x-ray systems. The company's equipment is used in industrial and scientific research laboratories to determine the structural characteristics of a wide range of materials and in industrial process and quality control to measure the composition and purity of materials. The acquisition of PANalytical is in line with the Spectris strategy to focus on niche businesses with good growth prospects and market-leading positions, supplying high margin products developed using proprietary technology, and is a logical addition to the existing Spectris instrumentation businesses. PANalytical's existing staff and management team have transferred with the business, which will form part of the Spectris Process Technology sector. Hans Nilsson, Chief Executive of Spectris, commented: 'We are pleased to welcome the management, staff and customers of PANalytical to Spectris. The process of integrating the business into the Spectris group of companies is progressing well.' Press enquiries: Hans Nilsson, Chief Executive Spectris plc Tel: 01784 470470 Richard Mountain Financial Dynamics Tel: 020 7269 7291 Notes to Editors PANalytical (formerly Philips Analytical) is the world's leading supplier of instrumentation and software for x-ray diffractometry (XRD) and x-ray fluorescence spectrometry (XRF), with more than half a century of experience. The company offers x-ray analytical equipment and services for industrial and scientific applications as well as for the semiconductor market. PANalytical employs around 800 people. Its headquarters are in Almelo, the Netherlands. Fully equipped application laboratories are established in Japan, the USA, and the Netherlands. A sales and service network in more than 60 countries ensures unmatched levels of worldwide customer support. Visit the website at www.panalytical.com for more information. Spectris develops and markets precision instrumentation and controls via its 17 business units around the world. The company employs around 5,500 people worldwide and had annual sales of £540m in 2001. Spectris products help customers to improve product quality and performance, increase productivity and yield and reduce downtime and wastage. The businesses are leaders in their specialised markets and can be found in most industries, with applications ranging from ultraviolet curing of printed CD coatings to sound level measurement and particle contamination detection. For more information visit the company's website at www.spectris.com. This information is provided by RNS The company news service from the London Stock Exchange

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Spectris (SXS)
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