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Judges Scientific PLC - London-based acquirer of scientific-instrument companies - Subsidiary Dia-Stron Inc buys Bossa Nova Vision LLC, a Los Angeles-based company specialising in imaging measurement technology for the cosmetics industry, for USD1.6 million in cash. Expects the acquisition to be earnings enhancing. In 2022, Bossa Nova Vision's earnings before interest and tax was USD400,000. Judges says the acquisition is complementary to Dia-Stron's existing business, which provides measurement solutions for hair tresses and fibres in the personal care market.
Dia-Stron Managing Director Yann Leray says: "We are pleased to welcome the BNV team to the Judges family. The Dia-Stron management and the Judges board believe that BNV is a solid, growing and profitable company manufacturing quality products and that our customers will greatly benefit from BNV's complementary offering."
Current stock price: 9,997.60 pence, up 0.6% on Tuesday morning in London
12-month change: up 47%
By Xindi Wei, Alliance News reporter
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