Spectris
 | |
| Public (LSE: SXS) | |
| Industry | Instrumentation |
| Founded |
1915 Egham, Surrey, United Kingdom |
| Headquarters | Egham, Surrey, United Kingdom |
Key people |
John Hughes, Chairman John O'Higgins, CEO |
| Revenue | £1,345.8 million (2016)[1] |
| £38.3 million (2016)[1] | |
| £10.3 million (2016)[1] | |
| Website | www.spectris.com |
Spectris plc is a supplier of precision instrumentation and controls. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The Company was founded by Richard Fairey in 1915, as the Fairey Aviation Company with the objective of manufacturing seaplanes.[2] In 1980 the business was acquired by Pearson from which it was the subject of a management buy-out in 1987.[2] It was first listed on the London Stock Exchange in 1988.[2] In the 1990s the Company focused on electronics selling its electrical insulator and hydraulic actuator businesses.[2]
In 1997 it acquired Burnfield, a measuring instruments manufacturer, and in 1999 it bought Servomex, an industrial instruments manufacturer.[2] In 2000 it bought four instrumentation businesses from Spectris A.G. of Germany and then in 2001 changed its name to Spectris plc.[2] In 2002 it bought the Philips Analytical business.[3] In 2011, Spectris bought Omega Engineering for $475 million.[4] In December 2012 it sold Fusion UV to Heraeus Holding, GmbH. for $172 million (USD) in cash using the proceeds to pay down debt.[5] In 2014 it acquired ESG Solutions, an industry leader and pioneer in microseismic technology and services for the oil and gas, mining and geotechnical industries.[6]
Operations
The Company is organised as follows:[7]
- Materials Analysis - Malvern Instruments, Particle Measuring Systems, PANalytical
- Test and Measurement - Brüel & Kjær Sound & Vibration, ESG Solutions, HBM Test and Measurement
- In-line instrumentation - Brüel & Kjær Vibro, BTG, NDC Technologies, Servomex
- Industrial Controls - Microscan Systems, Inc., Red Lion Controls, Omega Engineering
References
- 1 2 3 "Annual Results 2016" (PDF). Spectris. Retrieved 24 April 2017.
- 1 2 3 4 5 6 Spectris: History
- ↑ "Spectris buys X-ray technology for €150m". The Independent. 18 July 2002. Retrieved 3 April 2015.
- ↑ Ebrahami, Helia (16 August 2011). "Spectris buys US rival for $475m". The Telegraph. Retrieved 13 September 2014.
- ↑ "Spectris sells Fusion UV business to Heraus for 172m dollars". 19 December 2012.
- ↑ "Kingston company sold in multimillion-dollar deal". The Whig. 11 December 2014.
- ↑ Spectris: Businesses
