The companies aim to leverage each other’s sales channels to broaden their distribution networks and enhance their presence in international markets.
Finalization and Market Reaction
The deal is expected to close by year-end, pending certain conditions and regulatory approvals, the specifics of which have not been revealed.
On the day of the announcement, Spectris shares, listed on the FTSE 250 index of the London Stock Exchange, were trading at 2,886 pence in early afternoon, reflecting a 1.25% increase from the previous day’s close of 2,850 pence.
