Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, announces it has acquired the entire issued share capital of Korvus Technology Limited ("Korvus" or the "Acquisition"), a maker of vapour deposition systems. The Board expects the Acquisition to be immediately earnings enhancing.
The initial consideration for Korvus is £2.64 million in cash. The consideration for the Acquisition has been financed from the Group's £35 million acquisition facility from Lloyds Bank Corporate Markets.