Scientific Imaging Company to Float Shares on London’s AIM
Harry Tee, chairman of Scientific Digital Imaging and founder of electronics manufacturer Roxboro Group, told Businessweekly.co.uk that the company is listing its shares in order to give its shareholders liquidity and to be able to make acquisitions. The company has approximately 30 employees. Scientific Digital Imaging was formed last year and shortly afterwards acquired Synoptics (see IBO 5/15/08).
Cambridge, UK 10/20/08; London, England 11/24/08—Scientific Digital Imaging has announced that it plans to list on the London Stock Market’s Alternative Investment Market (AIM) on December 8. The company’s primary business is Synoptics, a provider of imaging instruments for life science research. It recently acquired Artemis, a UK-based supplier of cooled CCD cameras, and Persu, Artemis’s Portuguese manufacturing partner. In a document filed with the AIM, Scientific Digital Imaging wrote: “The Board intends to pursue a focused strategy of acquiring digital imaging companies in the life sciences sector and in other scientific markets, as well as seeking to generate organic growth. The Board believes there are many businesses operating within the market, a number of which have not achieved critical mass, and that this presents an ideal opportunity for consolidation.” The company plans to sell 16,663,842 ordinary shares for 1 pence ($0.02) each.
