LONDON (Alliance News) - Scientific instruments firm Judges Scientific PLC on Tuesday said its Fire Testing Technology subsidiary has acquired Fire Instrumentation & Research Equipment.
Judges said FIRE is a fire testing equipment manufacturing and servicing company. The Fire Testing Technology unit will acquire the the goodwill and a selection of assets from FIRE and is assuming certain liabilities.
Judges said it expects the deal to deliver cross-selling opportunities and savings on software development consolidation.
Judges said the purchase price is not material in the context of its annual revenue.
Shares in Judges were untraded on Tuesday morning, having last traded at 1,700.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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