Sensor Firm Acquired
In the first full year of ownership, the acquisition is expected to be earnings enhancing. Scientific Digital announced it will automate certain parts of Sentek’s glass blowing process and that cross selling opportunities exist.
London, UK 10/28/15—Digital imaging instrument firm Scientific Digital Imaging has acquired Sentek for £2 million ($3 million = £0.65 = $1) in cash. Sentek manufactures and produces electrochemical sensors, including pH and conductivity sensors, for water-based applications. For the year ending October 31, 2015, Sentek recorded revenues of £2.6 million ($4.0 million) and a profit before tax of £0.5 million ($0.8 million). “The acquisition of Sentek marks a significant milestone in SDI’s growth strategy, diversifying the existing product range and widening our addressable market,” stated Scientific Digital Chairman Ken Form.
