Spectris acquires LDS 

UK instruments and controls maker Spectris bought LDS Test & Measurement from SPX Corp for US$102 million on a debt and cash-free basis.

Spectris’s products have helped Japan’s Bullet Train run more quietly, while LDS makes integrated vibration test and measurement equipment and software.

Other Done Deals

  • UK instruments and controls maker Spectris bought LDS Test & Measurement from SPX Corp for US $102 million on a debt and cash-free basis.
  • Industrial manufacturer Illinois Tool Works acquired UK company Avery Weigh-Tronix, a manufacturer of industrial weighing products and systems for an undisclosed sum from private equity firm European Capital
  • South African IT firm Dimension Data, which is dual listed in London and Johannesburg, acquired a 51 per cent stake in Angola’s Sistemas Redes e Communicaoes, an IT solutions company, for an undisclosed amount
  • Swiss travel company Kuoni Reisen Holding AG bought UK luxury-tour operator Carrier to help boost sales. The details were undisclosed
  • Bedford Funding, an international tech-focused private equity fund, has bought Authoria for US $63.1 million. The software company has received $140 million in funding from at least seven different VC firms over the past nine years

Deals in the pipeline

  • The Philippine government has decided to sell its 40 per cent stake in Petron Corp, the country’s largest oil refiner, and is looking to get about 25 billion pesos (US $530 million) from the deal. London-based Ashmore Group, which owns slightly over 50 per cent of the company, has right of first refusal
  • Concateno, an AIM-listed drug and alcohol tester, may be sold as appetite for testing businesses continues. Concateno confirmed today that it remained in talks about a potential offer for the company
  • United International Bank BSC (Bahrain) acquired BWA Water Additives, a maker of chemicals for the water treatment market, from Close Brothers Private Equity. No financial terms were disclosed, except that the deal gave Close Brothers a 3.5 times return on an investment originally made as part of a May 2006 management buyout of BWA from Chemtura

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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