Updates

SDI Group - Two more acquisitions

May 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

SDI has completed two acquisitions. Bigger of the two is Safelab, a UK manufacturer of high specification fume and biological safety cupboards. In the year to end February, the business had sales of £4.8m and operating profit of £0.9m. SDI has paid £7.7m - 5.9x operating profit. The second buy is Scientific Vacuum Systems for £4.9m including earnout. SVS specialises in custom physical vapour deposition systems for the deposition of thin film coatings typically on semiconductor wafers - for use in scientific research, industrial and semiconductor manufacturing applications. For the year to end September, it had sales of £2.5m and EBIT of £0.7m - so 8.6x EBIT. The two deals go some way to offseting the absence of the big ATI ...

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