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Spectris

#3416

Rank

$3.38B

Marketcap

GB United Kingdom

Country

Spectris
Leadership team

Mr. Andrew Heath (CEO & Exec. Director)

Mr. Derek Harding (CFO & Exec. Director)

Ms. Kjersti Wiklund MA, MSc (Independent Non-Exec. Director & Workforce Engagement Director)

Products/ Services
Electronics, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Egham, Surrey, United Kingdom
Established
1915
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
SXS.L
Social Media
Overview
Location
Summary
Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through Malvern Panalytical, HBK, Omega and Industrial Solutions segments. The Malvern Panalytical segment provides measurement and materials characterization and efficiency in R&D and manufacturing sectors. The HBK segment offers differentiated sensing, testing, modelling and simulation solutions for product development. The Omega segment provides process improvement, specialist sensors, and omni-channel distribution services. The Industrial Solutions segment operates high-value precision in-line sensing and monitors businesses. It also provides particle measuring systems, a solution to measure and monitor contamination levels in clean and controlled environments. In addition, the company offers red lion controls, an industrial automation tool that provides solutions to connect, monitor, and control disparate assets, as well as provides servomex, a specialist in gas and moisture analysis solutions. Further, it provides data and insights, test equipment and software for industrial applications. Additionally, the company offers sensor, instrument, software, and services technology, as well as provides training, technical support, spare parts, calibration, and maintenance services. It serves pharmaceutical, automotive, electronics, semiconductors, technology-LED, and primary and advanced materials industries. Spectris plc was incorporated in 1986 and is based in London, the United Kingdom.
History

The Company was founded by Richard Fairey in 1915, as the Fairey Aviation Company with the objective of manufacturing seaplanes. In 1980 the business was acquired by Pearson from which it was the subject of a management buy-out in 1987. It was first listed on the London Stock Exchange in 1988. In the 1990s the Company focused on electronics selling its electrical insulator and hydraulic actuator businesses.In 1997 it acquired Burnfield, a measuring instruments manufacturer, and in 1999 it bought Servomex, an industrial instruments manufacturer. In 2000 it bought four instrumentation businesses from Spectris A.G. of Germany and then in 2001 changed its name to Spectris plc. In 2002 it bought the Philips Analytical business. In 2011, Spectris bought Omega Engineering for $475 million.In December 2012 it sold Fusion UV to Heraeus Holding, GmbH. for US$172 million in cash, using the proceeds to pay down debt. 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.In January 2018, Spectris Group acquired Concept Life Sciences from the private equity firm Equistone Partners for £163m. In April 2018, Spectris acquired Revolutionary Engineering from company management for US$19m on a debt and cash-free basis and merged the company into the Spectris owned subsidiary, Millbrook Proving Ground. In July 2018, Spectris acquired the leading provider of turnkey solutions, VI-Grade for an undisclosed sum. It joined Spectris as an independent company; however, following changes in the business merged with Spectris owned HBK in February 2020.In July 2018, Andrew Heath was announced as the new CEO of Spectris following the retirement of John O’Higgins. O'Higgins served as CEO of Spectris for 12 years. Heath formally joined Spectris as the CEO in September 2018.In September 2019 it announced the divestment of BTG to Voith for total gross cash consideration of €319 million .In January 2020, Spectris announcement the divestment of EMS Brüel & Kjær, a joint venture with Macquarie Corporate Holdings Pty Limited. Spectris and Macquarie Corporate Holdings Pty Limited divested EMS Brüel & Kjær to Envirosuite Limited, an environmental management technology company. Spectris received AUD35 million cash, less repayment of EMS B&K's debt facility on completion, and 10 million shares in Envirosuit in consideration.In November 2020, it was announced that HBK subsidiary, VI-grade would acquire Imtec Engineering for an undisclosed sum. Further to acquisition of IMTEC Engineering, the traffic simulation and sensor simulation company, RightHook, was acquired and merged into VI-grade in November 2020 for an undisclosed sum.Spectris announced in December 2020 that Millbrook Proving Ground would be divested from the Spectris portfolio of companies and acquired by UTAC CERAM for £133 million. The divestment was completed on the 2 February 2021.In December 2020 it was announced that B&K Vibro, another Spectris company, would be acquired by NSK Group for £163 million in cash.In April 2021, Spectris announced the acquisition of the real-time operating system developer and manufacturer Concurrent Real Time from Battery Ventures, a Boston-based PE firm, for a purchase consideration of $166.7 million in cash. Spectris also announced the divestment of ESG Solutions from its Industrial Solutions Division for $4 million to SCF Partners to be merged into their existing company Deep Imaging Technologies, Inc. Following this, on the 24 August 2021, the divestment of NDC Technologies was confirmed. NDC was acquired by Nordson Corporation from Spectris for $180 million.Spectris announced on 11 January 2022 that the specialist bioanalysis sensor company, Creoptix, had been acquired by Malvern Panalytical for an undisclosed sum. Creoptix would be integrated into Malvern Panalytical throughout the first half of 2022. In April the Spectris operating company, Red Lion Controls, announced that they have acquired MB Connect Line for an undisclosed figure.On the 19 April 2022, Spectris announced its intention to divest Omega Engineering to the Dwyer Group, an Arcline portfolio company, for $525 million subject to regulatory approval. In addition, Spectris announced a share buyback programme of up to £300 million, with an initial tranche of £150 million followed by a further £150 million subject to approval by shareholders.In May 2022, it was announced Spectris had acquired the California-based designer and manufacturer of piezo-electric accelerometers and dynamic force sensors, Dytran Instruments for £66 million.

Mission
Spectris seeks to become the global market leader in launching the most dependable, innovative and efficient test, measurement and life cycle monitoring solutions to delight customers and drive profitable growth.
Vision
Spectris' vision is to enhance customer confidence by creating value through innovations that meet the rapidly changing needs of our global customers and markets.
Key Team

Ms. Judith Wettach (Head of Corp. Devel.)

Mr. Andrew Harvey (Group HR Director)

Ms. Siobhan Andrews (Head of Corp. Affairs)

Ms. Rebecca Louise Dunn (Head of Sustainability & Governance)

Mr. Mark Fleiner (Pres of Malvern Panalytical)

Mr. Ben Bryson (Pres of HBK)

Robert Martin (Deputy Company Sec.)

Recognition and Awards
Spectris Plc. has won several awards in recent years, including The Queen's Awards for Enterprise: Innovation ,The QBE Innovation Award, and Great Places to Work Award . The company was also listed in the FTSE4Good Index.
References
Spectris
Leadership team

Mr. Andrew Heath (CEO & Exec. Director)

Mr. Derek Harding (CFO & Exec. Director)

Ms. Kjersti Wiklund MA, MSc (Independent Non-Exec. Director & Workforce Engagement Director)

Products/ Services
Electronics, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Egham, Surrey, United Kingdom
Established
1915
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
SXS.L
Social Media