Spectris plc (“Spectris”) (LSE: SXS), the productivity-enhancing instrumentation and controls company, today announces that it has completed the acquisition of the entire share capital of Millbrook Group Limited (“Millbrook”) from Rutland Partners and Millbrook’s management shareholders. The purchase consideration of £122 million, on a debt and cash-free basis, (of which £3.4 million is deferred for 24 months) will be met from existing cash and bank facilities.

Millbrook is one of Europe’s leading test, validation and engineering service providers primarily for the automotive and related markets such as tyres, petrochemical, defence and security. Established in 1968, Millbrook was sold by General Motors (“GM”) to Rutland Partners and Management in 2013 and from that point it has been transformed from a GM dependent business to one with a broad base of UK and international clients and test and validation services. Furthermore, in September 2015, Millbrook acquired Test World, a leading winter vehicle a