Spectris reported an 11% rise in third-quarter sales on Thursday, as the British technology firm moves into the final stages of its takeover by private equity firm KKR.
The provider of precision measurement instruments said group sales for the three months ended Sept. 30 were 335.6 million British Pounds, up from 302.7 million British Pounds a year earlier.
On a like-for-like basis, which excludes currency movements and acquisitions, sales grew by 4%, according to the company.
The Spectris Scientific division saw like-for-like sales increase by 5%, while the Spectris Dynamics unit grew by 4%.
Regarding its pending acquisition by Kohlberg Kravis Roberts & Co., Spectris said it is in an "advanced stage of preparation for completion."
The 4.15 billion British Pound deal has already received key regulatory approvals and is expected to close by the first quarter of 2026.
Spectris also reiterated that it expects full-year adjusted operating profit to be in line with management's expectations.
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Spectris on Tuesday issued a routine statement confirming its share capital, a procedural step as the British technology firm's 4.15 billion British Pound takeover by private equity firm KKR moves toward completion.
Spectris on Friday issued a routine statement confirming its share capital, a procedural step as the British technology firm's 4.15 billion British Pound takeover by private equity firm KKR moves toward completion.
Spectris on Thursday issued a routine statement confirming its share capital, a procedural step as the British technology firm's 4.15 billion British Pound takeover by private equity firm KKR moves toward completion.
JPMorgan Chase & Co. has reduced its stake in Spectris plc, the British industrial technology firm nearing a takeover by Kohlberg Kravis Roberts & Co.