Instrumentation and controls developer Spectris has acquired US-based ReliaSoft for approximately £28m in cash. The FTSE 250 group said the deal for the American firm, a provider of engineering software and consultancy, will be funded from existing cash and bank facilities. The Arizona-based firm will be integrated with HBM nCode within Spectris' test and measurement division, the group added in a statement on Friday
5 Nov '14
SXS SPECRTRIS Lovely Chart
SXS SPECTRIS, lovely technical set up, see chart below. https://pbs.twimg.com/media/B1rboOdCcAAeiIq.jpg"
25 Apr '14
IMS today IMHV
10 Jan '14
Trading Update notification
Spectris plc 2013 Trading Update notification - 17 January 2014 10 January 2014 - Spectris plc (SXS: LSE), the productivity-enhancing instrumentation and controls company, will announce its 2013 full year trading update on Friday 17 January 2014 at 07:00 BST. John O'Higgins, Chief Executive and Clive Watson, Group Finance Director, will host an investor and analyst conference call at 08:00 GMT.
22 Feb '13
"The difficult market conditions in the second half of 2012 provided a backdrop for Spectris to demonstrate the quality and resilience of its business model," Michael Blogg, an analyst at Investec, commented this morning. "We have revised our estimates from a basis of ultra-caution to a level achievable in a low-growth environment, with upside potential if markets recover more quickly. The increase in our target price, driven by the 6-7% increase in our earnings per share (EPS) estimates, is not quite enough to justify a more positive recommendation than hold." He added: "Spectris has the spread and market presence to deliver growth in most circumstances, augmented by its organic and bolt-on investments financed out of cash flows and overseen by a highly-respected management team. "It is now within striking distance of the FTSE 100, where we believe it would not look out of place in terms of investment quality.
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