Dear readers,
We are glad to announce of our new website, There you will continue to have access to the full content of the Sharecast newswire, alongside an improved and expanded suite of market data and research tools for both the UK and the main international markets. As a first step in the transition to the new site, over coming days and weeks the news and data pages on will redirect you towards the new website which we earnestly hope you will find even more useful than the current service. Should anyone like to comment or provide constructive criticism on the new layout or what features they would like to see added or deleted, do please send us an e-mail to Lastly, of course, we wish to express our heartfelt gratitude for your support and encouragement over the years as we continued to grow and expand the service.
Very best,


Spectris acquires ESG for £36m

Company News

Spectris acquires ESG for £36m

Thu, 11 December 2014
Article viewed 129 times
Spectris acquires ESG for £36m
Spectris Quote more

Price: 2,484.00

Chg: -8.00

Chg %: -0.32%

Date: 09:54

Instrumentation and controls group Spectris has completed the acquisition of Canada-based Engineering Seismology Group (ESG) for £36m.
The takeover will be funded by existing cash and bank facilities, while ESG could receive an additional payment based on the achievement of specified sales growth target within the next three years.

"ESG is a good strategic addition to Spectris' Test and Measurement segment as it is a leader in a niche high-growth, productivity-enhancing technology," said Spectris' business group director Eoghan O'Lionaird.

"We believe there is a significant opportunity for ESG to strengthen its market position, expand internationally and accelerate its growth, both organically and via further acquisitions."

The Canadian firm, a provider of microseismic monitoring equipment and analysis solutions, will become a separate operating company within Spectris' Test and Measurement segment.