Acquisition of CAS Clean Air Service AG

RNS Number : 7947P

Spectris PLC

23 February 2016

 

Acquisition of CAS CLEAN AIR SERVICE AG

23 February 2016 - Spectris plc ("Spectris") (LSE: SXS), the productivity-enhancing instrumentation and controls company, today announces that it has completed the acquisition of the privately-owned business, CAS Clean Air Service AG ("CAS"). The acquisition is subject to regulatory approval and certain other closing conditions.

Established in 1989 in Wattwil, Switzerland, CAS has become a leading cleanroom-services company, providing measurement services, process qualification, calibration services and product sales, primarily to the pharmaceutical manufacturing market. CAS generates annual revenue of around CHF 10 million, of which services represent approximately 85%. CAS will be integrated into Particle Measuring Systems ("PMS") within Spectris' Materials Analysis segment and the CAS name will remain a distinct service brand within PMS. CAS is expected to deliver strong growth by leveraging PMS's technical and application leadership in particle counter manufacturing and by offering its Good Manufacturing Practice service knowledge and expertise more extensively across PMS's existing sales network. More information on CAS can be found at http://www.cas.ch/en/company/.

Eoghan O'Lionaird, Business Group Director, said: "CAS has a strong reputation for providing high quality services to the life science and pharmaceutical manufacturing industries, and is an important and strategic addition to PMS. We believe there is a strong cultural fit with PMS, and that the combined capabilities will create additional value for our customers as well as increasing the resilience of PMS's revenue stream. CAS represents Spectris' seventh acquisition in the last two years that reinforces our strategic intent to focus on the provision of innovative solutions to customers, encompassing hardware, software and services, and will enhance our presence in a key strategic market for the Group, the life science market."

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Contacts:

Spectris plc

Matt Jones, Head of Corporate Affairs                   [phone]

FTI Consulting

Richard Mountain / Susanne Yule                            [phone]

ABOUT SPECTRIS 

Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs around 8,300 people with offices in more than 30 countries. For more information, visit www.spectris.com. 

 

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