LONDON - Spectris plc (LON:SXS: LSE), a company specializing in precision measurement solutions, announced today the completion of its acquisition of Piezocryst Advanced Sensorics GmbH, a provider of high-precision piezoelectric sensors. The acquisition, initially disclosed on September 5, 2024, has now received the necessary regulatory approvals.
Piezocryst, headquartered in Graz, Austria, is recognized for its piezoelectric sensors that are utilized in various demanding applications, including Formula1, gas turbines, and industrial uses. The company, with a heritage dating back to the 1950s, employs 175 people and is known for its high-quality and durable sensors that contribute to optimizing engines, machines, and processes while conserving global resources.
The integration of Piezocryst under the Spectris umbrella is expected to enhance Spectris's portfolio of precision measurement instruments and software. The transaction aligns with Spectris's strategic focus on premium segments and technology-driven markets.
In addition to the acquisition news, Spectris has scheduled a virtual teach-in for its Servomex business on December 10, 2024, to be hosted by CEO Andrew Heath and President of Servomex, James Gravestock. The company is also set to report its full-year results for 2024 on February 28, 2025.
Spectris, which operates with the purpose of delivering progress for a more sustainable world, provides insights through its high-tech instruments and deep domain knowledge. With a workforce of 7,700 across more than 30 countries, Spectris maintains a commitment to delivering value beyond measure for all stakeholders.
This news article is based on a press release statement.
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