SDI Group acquires Fraser Anti-Static Techniques

SDI Group said on Monday that Fraser operates across three freehold sites in Bampton and one leasehold site in Bristol, and also has sales offices in China and Germany, with a "large proportion" of revenues coming from overseas customers.

The AIM-listed group added that the acquisition price for Fraser, which will reside in its sensors and controls division, includes approximately £1.76m of freehold property.

Chairman Ken Ford said: "The acquisition of Fraser is a further step in our group growth strategy, demonstrating again the opportunities to acquire businesses with high-quality products with export growth potential. The acquisition is expected to be earnings enhancing in current year FY2023."

As of 0850 BST, SDI shares were up 0.68% at 172.66p.

Reporting by Iain Gilbert at Sharecast.com