Spectris Buys LDS, Siemens Vision, and nCode

October 2nd, 2008

Spectris plc, Roylston, UK, has signed an agreement to acquire the LDS Test & Measurement business from SPX Corporation. The purchase consideration of US$102 million, on a debt and cash-free basis, will be met from existing cash and bank facilities and is subject to routine balance sheet adjustments.

LDS manufactures integrated vibration test and measurement equipment and software for applications in the aerospace, defence, automotive, machinery, electrical and electronics markets. The company will become part of the Spectris Test and Measurement segment in combination with Bruel & Kjaer Sound and Vibration and HBM.

This acquisition comes on the heels of the purchase of Siemens’ Machine Vision Business, formerly Acuity CiMatrix, and nCode.

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