Last checked at 18 Apr 2018 07:00
Spectris plc
Brüel & Kjær Sound & Vibration and HBM to MErge
18 April 2018 - Spectris plc ('Spectris') (LSE: SXS), the productivity-enhancing instrumentation and controls company, announces that Brüel & Kjær Sound & Vibration ('BKSV') and HBM will be merging their activities from 1 January 2019. Both BKSV and HBM are operating companies within the Test and Measurement segment of Spectris. The new company will be named HBK (Hottinger, Brüel & Kjær).
BKSV and HBM are global market leaders in their respective disciplines and have complementary expertise across the measurement chain. By leveraging their respective strengths, we aim to create a business with the capabilities, breadth and scale to deliver differentiated customer value, for example, in the domains of propulsion, durability, safety and noise, vibration and harshness.
A new management team has been selected, drawing on the strengths and expertise from both BKSV and HBM, and they will be in place from 1 July 2018. Merger preparation activities will be undertaken from now through to the end of 2018 and during this phase, the companies will operate in existing structures. HBK will be operational under the new structure from 1 January 2019.
Eoghan O'Lionaird, Business Group Director responsible for the Test and Measurement segment, says: "Brüel & Kjær and HBM are both premium hardware providers in measurement with a strong focus on software. By combining their activities, the two companies can deliver an integrated offering, combining sensors, data acquisition, preparation, evaluation and engineering services into one solution for its customers. This aligns closely with the Spectris strategy of focusing on the provision of complete solutions combining hardware, software and related services, and will enable us to provide a broader service offering and increased value to BKSV and HBM customers."
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Contacts:
Spectris plc | |
John O'Higgins, Chief Executive | +44 1784 470470 |
Clive Watson, Group Finance Director | +44 1784 470470 |
Siobhán Andrews, Head of Corporate Affairs | +44 1784 485325 |
FTI Consulting | |
Richard Mountain / Susanne Yule | +44 203 727 1340 |
ABOUT SPECTRIS
Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls.The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs approximately 9,800 people with offices in more than 30 countries. For more information, visit www.spectris.com