Spectris completes Capstone Technology acquisition

FTSE 250 precision instruments maker Spectris has completed the acquisition of the software and associated assets of privately-held software solutions company Capstone Technology Corp for $22.5m.

Capstone comprises two key software platforms: the MACS software suite providing engineering services and software for advanced process control optimisation and dataPARC, which is a data historian, visualisation and analytics software suite for operational decision support. It will be integrated into Spectris' In-line Instrumentation segment.

Jo Hallas, Spectris’ business group director, said: "Capstone is an excellent addition that extends our portfolio to include enhanced process control and decision support solutions. For example, the combination of Capstone's software tools with BTG's instruments will enable us to provide market leading solutions for process control and optimisation across our global pulp, tissue and packaging markets, as well as into other process industries.

"This is in line with Spectris' strategy to grow by using our domain knowledge to provide solutions that use innovative combinations of instrumentation, software and services to enhance productivity and create greater value for our customers."