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  • Conversation: Spectris Buys Concept Life Sciences For GBP163 Million

    • January 26, 2018 12:45 PM GMT
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      Spectris Buys Concept Life Sciences For GBP163 Million

      LONDON (Alliance News) - Spectris PLC said Friday it acquired Concept Life Sciences from private equity firm Equistone Partners Europe for GBP163 million.
      Spectris, an engineering firm focused on measuring devices, said it will buy Concept on a debt and cash-free basis using existing cash resources and bank facilities. UK-based Concept provides pharmaceutical testing and environmental consultancy services.
      In 2017, Concept generated GBP9.3 million in pro-forma earnings before interest, tax, depreciation and amortisation on pro-forma revenue of GBP48.7 million.
      Read more: http://bit.ly/2naBoWW

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