In 2023, Micromeritics, headquartered in Norcross, Georgia, reported pre-tax profits of $30.5 million and gross assets of $173 million. This financial strength underscores the strategic value of the acquisition for Spectris.
Market Reaction
Shares in Spectris, listed on the FTSE 250 index of the London Stock Exchange, saw a 2.5% increase, trading at 3,114 pence on Tuesday afternoon, up from 3,038 pence at Monday’s close.
Spectris and Micromeritics have not yet provided further comments on the acquisition.
