20 Sep 2023 07:00
Completion of the Acquisition of MicroStrain Sensing Systems Business
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20 September 2023
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Further to the announcement on 19 June 2023, Spectris plc (SXS: LSE), the expert in providing insight through precision measurement, today announces the completion of the acquisition of MicroStrain Sensing Systems, a leading developer of inertial and wireless sensing systems, following receipt of the required regulatory approval.
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For and on behalf of Spectris plc.
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LEI number: 213800Z4CO2CZO3M3T10
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Contacts:
Spectris plc
Mathew Wootton
Investor Relations Director+44 7500 078880
Teneo
Martin Robinson/Giles Kernick
+44 20 7353 4200
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About Spectris
Spectris combines precision with purpose, delivering progress for a more sustainable world. We provide critical insights to our customers through premium precision measurement solutions combined with technical expertise and deep domain knowledge.
Precision is at the heart of what we do - our leading, high-tech instruments and software equip our customers to solve some of their greatest challenges to make the world cleaner, healthier and more productive.
We are focused on two key divisions - Spectris Scientific and Spectris Dynamics, which are placed in technology-driven end markets, with strong fundamentals and attractive growth trajectories. We have leading market positions in premium segments and employ 7,600 people located in more than 30 countries, all united behind our purpose to deliver value beyond measure for all our stakeholders. For more information, visit www.spectris.com.
About MicroStrain
Located in Vermont, MicroStrain was established in 1987 to develop and commercialise highly engineered inertial sensing systems and wireless data collection solutions. In parallel, MicroStrain has developed proprietary calibration process and software tools for its customers to optimize performance and minimize the impact of environmental disruptions in critical applications.
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